What should be done to attract foreign companies to Ukraine? Foreign investors are in no hurry to enter the Ukrainian gambling market due to a number of factors. However, Ukraine is an attractive region for them because of the obvious advantages of our market.
From entering the Ukrainian market foreigners are stopped by several things: a lot of issues with taxation, lack of technical regulations, not and casinos. One of the important issues is the optional certification of games and gambling establishments. Mandatory certification is subject to the online system of the operator, and this, according to investors is not enough to ensure the safety of the game.
Read also: What will help to fight the illegal gambling market?
There are also many questions about the tools to combat illegal establishments. There are many examples when casinos without a license, not only avoid punishment, but also continue their work. Such casinos do not pay taxes, which in itself is not acceptable to citizens of civilized countries. Investors are not ready to work and compete with illegal establishments. Although the low level of competition in the gambling market of Ukraine looks very attractive.
To attract foreign investments it is necessary:
- fully legalize the gambling business and for this purpose adopt the relevant law;
- to introduce mandatory and full certification of all equipment;
- improve the infrastructure;
- reduce the level of bureaucratization and make the licensing system transparent.
Ukraine is quite an attractive market due to the high technical level of our developers. Let us remind you that the topic of launching new gaming zones is being actively raised now. So far there are no such zones, but work in this direction is underway. Potential investors are also interested in this issue. Did you find the news interesting and informative? Want more of the gambling news online and stay updated on the events? Subscribe to our ‘Gambling News’ section and receive notifications about fresh publications. If you found this publication helpful and interesting, we recommend subscribing to gambling news online to receive notifications about the latest updates and stay informed about current events.
