- 25 March 2019
- Posted by: badamowicz
- Category: News
The eastern market, especially the Ukrainian market, is extremely absorbent. More and more entrepreneurs decide to start trading there, export their goods and services. However, Ukraine is a country outside the European Union, with an uncertain political situation and a different culture of trade. Activities carried out on its premises may therefore involve some risk. In this article, we suggest how you can effectively reduce them.
Checking the credibility of the contractor
Above all, do not be afraid to apply the principle with limited trust, which is an inseparable part of trade, even domestic trade. Checking the contractor before exporting or importing is a good practice that can protect us against many mistakes and the loss of our finances. To learn more about his legal and payment situation, just ask for relevant documents or seek information in such institutions and bodies, for example the Uniform State Register of Legal Entities and Physical Persons – Entrepreneurs. You can also get information if the contractor is not indebted to the tax office and whether he is an active VAT payer. Remember that the most important thing is to check the contractor before concluding the contract and exporting the goods. Thanks to this, we will avoid establishing business contacts with fraudsters. A business strategy in Ukraine indicates that verbal agreements are equally treated with the Agreement.
Further part of the content at this link: Risk in trading with Ukraine – how to reduce it?