Ukraine has a very strong technical education and R&D foundation inherited from the times when Ukraine was the main Tech hub of the USSR. It’s located in the center of Europe and has very similar cultures to many Western and Central European countries. Ukraine is rich in leading technology skills such as .Net, PHP or Java as well as some rare / new high-demand skills (mobile, iGaming development, CRM, ERP, etc.).

Outsourcing to Ukraine can lower down development budgets by 40% to 60% (Ukrainian IT workforce is more than twice less expensive than in Western Europe) and/or allow EU and US companies to do more for less money. IT services export volume is 1.15 billionn Euros (High-Tech Initiative 2012) Main ITO cities are Kyiv, Kharkiv, Lviv, Dnipropetrovsks, and Odessa Number of IT graduates – 30 000 / while the number of STEM graduats reaches 670 000 per year.

The corporate tax rate is 19 % (will decrease to 16 % in 2014), but only 5 % for IT companies. IT specialists employed with IT companies are subject to reduced personal income tax rate of 5% (compared to the current rates of 15% and 17%). Software development, Internet-sites and /or online-services are exempt from VAT.

Employers’ social security contributions is 36% based on gross remuneration (31.8% to the Pension Fund, 2.9% to the Social Security Fund, 1.3% to the Employment Insurance Fund) In addition 0.66 – 13.6% to the Fund for Social Insurance depending on the level of risk of accidents for enterprises belonging to certain sectors of the economy. The minimum gross wage is cc 115 Euros per month, while the average monthly gross wage cc 320 Euros.

IT outsourcing is no longer just a means of reducing overhead and cost. It has become an integral part of the way the world does business. Having a good IT Outsourcing partner, like CodeIT, gives you the competitive advantage. This allows you to focus more of your assets and energies back where you need them the most, in your own people. At CodeIT we offer high-quality, cost-effective IT Solutions to help you reach your business goals.

CodeIT software development center is prime for turning your IT vision into reality. Backed by nearly a decade of working with the international networking industry, and with clients from the United States and all over the European Union, we are well equipped to work with you in attaining your business goals, regardless of your industry. Our goal is to help you improve customer relations, reduce overall cost, and give you the competitive advantage. Additionally, our relationship with our clients is long-term, ongoing. Long after your project is completed and implemented, we continue to provide technical support. This ensures that your business goals have been met, and should they change, will continue to be met.

Do not hesitate to contact us and get free quote of implementation your business idea!