Navigating International Markets: A 2026 Checklist
- Expanding abroad requires careful legal planning
- Increased opportunities come with complex regulations
- Stay compliant to avoid heavy penalties on foreign earnings
Entering international markets has never been more accessible: simply register a company abroad, open a bank account, and find a partner. However, this ease also comes with significant risks, as businesses must navigate a complex web of regulations regarding foreign exchange control, automatic financial data exchanges, and sanctions. To avoid financial pitfalls before seeing any profits, companies need a well-structured legal plan. Alexander Demchuk, a consultant at EVERLEGAL, offers insights on how to formulate this plan as part of a special project called "Recognized Worldwide."
In the past two years, the number of Ukrainian companies entering markets beyond the EU—such as Asia, Canada, the USA, and the Middle East—has surged dramatically. The ongoing conflict has spurred a search for new markets, while the Association Agreement has facilitated access to the European market.
However, strict regulations remain regarding foreign exchange control, and delayed returns of foreign earnings can lead to penalties. Tax authorities automatically receive details about foreign accounts, and the State Customs Service exchanges data with the National Bank monthly. Given these conditions, entering foreign markets without a legal strategy transforms from a strategic opportunity to a potential business risk.