In the Ukrainian IT industry there is a decline in the registration of new individual entrepreneurs, while the number of closures of existing ones is increasing. At the same time, there is an increase in the number of women entrepreneurs in the general structure of individual entrepreneurs.
IT business trends
Decline in registrations of IT individual entrepreneurs
According to information provided by YouControl (via Highload), in the Ukrainian IT sector there is a decline in the registration of new individual entrepreneurs. During the summer period, the number of new individual entrepreneurs decreased to 9.1 thousand, which is 21% less than a year ago and 48% less than in 2021.
Dynamics of registrations in different years
In the period from June to August 2023, IT specialists registered 11.6 thousand individual entrepreneurs, while for the same period in 2021 this figure was 18.7 thousand.
Trends in other industries
It is worth noting that a decline in registrations is observed in almost all sectors of the economy. The only exceptions are agriculture and wholesale trade, where an increase in the number of registrations was recorded by 64% and 8%, respectively.
Increase in the number of IT-PE closures
In parallel with the decrease in new registrations, there is an increase in the number of closed sole proprietorships in the IT sector. In the summer of this year, 8.8 thousand closures were registered, which is 157% higher than in the summer of 2021.
Gender changes in the structure of individual entrepreneurs
An interesting trend is observed in the gender composition of new entrepreneurs. In the summer of 2024, 62.5% (46 thousand) of new sole proprietorships were opened by women, indicating a significant increase in their share in the business sector.
Prospects for individual entrepreneurs
It is important to note that representatives of the Verkhovna Rada of Ukraine Committee on Tax and Customs Policy announced the return of mandatory payment single social contribution (USC) for individual entrepreneurs in 2025.
Glossary
- FLP - Individual entrepreneur, a form of business organization in Ukraine.
- YouControl - Analytical system for checking and monitoring business data.
- Highload - Ukrainian IT publication covering technology and business news.
- Unified social contribution, a mandatory payment to the system of compulsory state social insurance.
- Verkhovna Rada of Ukraine, parliament and the only legislative body of state power in Ukraine.
Links
- YouControl: Analysis of the dynamics of individual entrepreneurs in Ukraine
- Highload: YouControl study on registrations of individual entrepreneurs in the IT sector
Answers to questions
How has the situation with the registration of individual entrepreneurs in the IT industry of Ukraine changed?
Which industries showed growth in the registration of individual entrepreneurs?
What is happening with the closure of individual entrepreneurs in the IT sector?
What trend is observed in the gender distribution when registering individual entrepreneurs?
What changes are expected for individual entrepreneurs in 2025?
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Discussion of the topic – Crisis in Ukrainian IT: mass closure of individual entrepreneurs and decline in registrations
The article analyzes the sharp increase in the number of closed sole proprietorships in the Ukrainian IT sector and the decrease in registrations of new entrepreneurs, reflecting current trends and challenges in the industry.
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Anastasia
Wow, what an interesting statistic! 😮 I didn’t even think there was such a decline in the IT sector. I wonder what this is connected with?
Klaus
I think this is due to the general economic situation. Many companies are cutting budgets and hiring less. But I am surprised by the growth in agriculture! 🌾
Sophie
What struck me most was the increase in the number of women entrepreneurs! 62.5% is impressive. It looks like the girls are actively learning business 💪
Anastasia
Sophie, I agree! This is very inspiring. Maybe the crisis has pushed many to look for new opportunities? I’m also thinking about my business.
Giovanni
Guys, do you think this is a temporary phenomenon or a long-term trend? I believe that the IT sector will soon recover, it just takes time.
Viktor
Ha! Again these are your trends and forecasts. This is all nonsense. Previously, people lived without any individual entrepreneurs and IT, and they managed nothing. And now all you can hear is crisis, recession, growth. Tired of it!
Amelie
Viktor, but the world is changing, and that’s normal! 🌍 New technologies open up new opportunities. Maybe we should look at this from a different perspective?
Klaus
I agree with Amelie. By the way, I wonder how the introduction of mandatory payment of unified social contributions in 2025 will affect the number of individual entrepreneurs? 🤔 This can make a big difference.