Business

“The White Business Club lost 3,227 members: who is left and how much they earn

As of mid-September 2025, 6,619 companies and 530 individual entrepreneurs were registered with the White Business Club of the State Tax Service of Ukraine. Compared to the previous quarter, the list of transparent businesses decreased by 26%. This is reported by "Komersant Ukrainian" with reference to data from Opendatabot.

as of mid-September 2025, 6,619 companies and 530 sole proprietorships are in the White Business Club, according to the State Tax Service.

In general, the list decreased by a quarter over the quarter.

Mostly, the businesses on the white list are engaged in trade and are located in the capital and Dnipro region.

What has changed in the White Business Club 2025?

Over the last quarter, 3,227 companies were removed from the list, and only 940 were added. The number of companies with closed data decreased from 33 to 24. After the update, no company has any open tax proceedings or debts.

However, after the recent update, the list includes 3 companies that are in a state of liquidation and 1 more with an open bankruptcy (rehabilitation) case that occurred after the list was formed.

To join the Club, companies must meet strict criteria:

• no violations of tax laws for three years;
• timely submission of tax reports;
• transparent ownership structure with open information about the ultimate beneficiaries;
• stable financial results.

It is worth noting that 28 companies that previously had Russian owners have been removed from the list.

The White Business Club currently includes 6,619 companies (92.6%) and 530 individual entrepreneurs (7.4%).

Areas of activity of the companies

The largest concentration of the Club’s members is observed in the field of trade and repair of motor vehicles – 1,485 companies (22.4% of the list).

They are followed by:

• Manufacturing industry – 1,054 companies (15.9%);
• Agricultural sector – 952 companies (14.4%).

Areas of activity of companies from the White Business Club:

Where is the largest number of companies from the White Business Club

As expected, Kyiv is in the lead among the regions with 1,689 companies (25.5%).

Dnipropetrovs’k (631), Kyiv (498), Lviv (467), and Poltava (311) regions also have a significant share.

Revenues of companies in the White Business Club

20 companies on the list had revenues of more than UAH 10 billion in 2024, and another 220 had revenues of between UAH 1 and 10 billion. The largest group of companies is those with a turnover of UAH 10 to 100 million – 2,751 members.

Another 130 companies did not submit their financial statements for the previous year, and 24 remain with closed data.

Revenues of companies from the White Business Club:

66 companies from the White Business Club have ties to financial and industrial groups (FIGs), including 38 from the Agroprosperis group. In addition, 33 companies are also included in the Opendatabot 2025 Index.

Individual entrepreneurs in the White Business Club

There are 530 individual entrepreneurs registered in the Club. 7 of them have private data. The majority of sole proprietors in the tax VIP club are men (60%), while women make up 38%.

Most private entrepreneurs of the Club are registered in the capital: 82 or 16%. They are followed by Dnipropetrovs’k (11%) and Lviv (9%) regions.

Trade is the most popular area of activity for FOPs – 200 entrepreneurs, or 38%. It is followed by transportation and logistics (11%), administrative services (10%), and food service (9%).

Areas of activity of the White Business Club members:

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