From our due diligence, if there’s a team of 8 people and your total overheads are more than 700 euros per one person, you should recalculate all expenses and it’s worth to think about opening a representative office with dedicated PM or Director who’ll be directly managed and hired by you. Of course, everything depends on the way you used to work with Ukrainian teams and developers and how do you rely on our figures
To establish such company you should take into consideration one-time and monthly payments. You should collect data about the next:
- Company Registration — LTD with foreign owner; furniture purchases;
- IT hardware purchases; Office rent 15-30$/sq.meters. Trademark registration if necessary.
- The total sum for one-time expense: could be about 1200 euro and for opening an LTD in Ukraine takes about 10 working days. Also, there should be monthly payments as:
- Office rent
- Light Heat & Power
- Serviced office
- Guard services
- Internet services
- Cleaning services
- Food & Beverages
- Postage / stationary
- Medical insurance for candidates
- Office Equipment & Furniture
- Marketing support
- Accounting support
- Legal support
- Other costs
CNA International team is welcome for your service to answer all questions regarding as finding great IT and executive staff locally as to provide actual data about the opening representative offices, providing reliable subcontractors at the place, calculate business-plans for different options and cities.
Meantime we have also information regarding expenses of opening representatives in Poland, Slovakia, Bulgaria, Estonia, Lithuania, Latvia, Belorussia, Czech Republic, Slovenia, and Romania as well. But if we’re talking about sums of 7000 euros and more monthly for a team of more than 10 people on board it’s possible to manage them directly and have your own office in any city of Ukraine what could help you to avoid many risks in production and overpayments for overheads.
We’re ready to provide references of happy clients from the UK, the Netherlands, the USA, Israel, Ireland, Slovakia.