Why do some entrepreneurs work in the shadow economy?
They fear the unpredictability of the state. Entrepreneurs cannot be sure that one day they will not be inspected and fined a million hryvnias or will not be urged to provide documents they have never known existed.
Some entrepreneurs think that they can be saved from such unpredictability by working in the shadow economy. However, the other side of the coin is that it is impossible to take out a loan or participate in a financing program to develop own business without formal business registration.
BRDO provides a better solution – the #StartBusinessChallenge service of step by step guide.
Oleksiy Dorohan spoke about this service during the presentation of the Government Program “Affordable Loans 5-7-9%” today. By using the SBS, you can get information about what documentation you need to do business as easy as one-two-three: what you need to register, where it can be done and how much it will cost.
There are now nearly 120 types of businesses with locations in 29 cities in the platform. Join at https://sbc.regulation.gov.ua
The Government Program “Affordable Loans 5-7-9%” was implemented at the initiative of the President of Ukraine and the Cabinet of Ministers of Ukraine to support investment projects of micro and small enterprises helping to create new workplaces, legalize and expand small businesses, ensure import substitution and return of migrant workers. On commission of the Government of Ukraine, the Program will be implemented by the Entrepreneurship Development Fund through partner banks that own the relevant technologies and actively lend to micro and small enterprises as the target group of the program.