Obtaining a grant for starting a business

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Khyzhavska Olesia Yaroslavivna

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Ukraine / Khmelnitsky region

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Publication date: 27.09.2024

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State Grants for Veterans' Businesses: Opportunities and Support

In Ukraine, there are state grant support programs for veterans who wish to start or develop their own businesses. One such program is outlined in Cabinet of Ministers of Ukraine Resolution No. 738, which provides grants to combat veterans and war-disabled individuals. These state grants for veterans are financial assistance aimed at helping combat veterans and their families create or expand their businesses.

A grant for veterans and their families provides financial assistance to help cover essential needs and improve their quality of life. These grants are designed to support housing, education, and healthcare initiatives aimed at empowering veterans and their loved ones. Additionally, support for veteran-owned businesses is available to foster entrepreneurship and promote economic growth within the veteran community.

State grants for combat veterans are non-repayable financial assistance provided by the government to implement business projects. This initiative is designed to help veterans not only recover from war injuries but also secure a stable income and contribute to the country's economic development.

State grants help veterans create jobs and develop businesses by providing financial support of up to 1 million UAH.

Resolution No. 738 outlines specific conditions for receiving grants for veterans and their families, depending on the number of jobs created.

Legal support from the "Consultant" platform helps veterans successfully file grant applications and obtain the necessary funding.

Benefits of Grants for Combat Veterans:

1. Opportunity to realize a business project. Grants allow veterans to open a business or develop an existing one.
2. State support. Receiving a grant demonstrates the state's trust and recognition of the important contributions of combat veterans to the country's development.
3. Job creation. Implementing a business project through a grant enables a veteran to create new jobs, contributing to the country's economic growth.
4. Social adaptation. Business can provide a source of income and a means of social adaptation for a combat veteran.

According to the Cabinet of Ministers of Ukraine Resolution No. 738 of June 21, 2022, the state provides grant assistance to combat veterans, individuals disabled due to war, and their families to support their business initiatives. The purpose of these grants is to stimulate economic activity among veterans and to reintegrate them into peaceful life by creating their own businesses and providing financial support.

Under Order No. 738, the amount of the grant depends on the number of jobs created:

For family members of veterans or disabled individuals:

For creating one job — up to 250,000 UAH.

For creating two jobs — from 250,000 to 500,000 UAH.

For combat veterans and/or individuals disabled due to war, registered as sole proprietors:

For creating one job — up to 250,000 UAH.

For creating two jobs — from 250,000 to 500,000 UAH.

For creating four jobs — from 500,000 to 1 million UAH.

These grants are not only financial support but also a tool to stimulate employment in post-war recovery conditions. It is important that after receiving a grant, entrepreneurs are obligated to employ workers under the conditions specified in Resolution No. 738.

Legal Support from the "Consultant" Legal Marketplace

Obtaining a state grant requires strict compliance with legislative requirements and document preparation. Lawyers from the "Consultant" legal marketplace provide comprehensive support to combat veterans and their families in preparing grant applications. Specialists assist with the following stages:

• Consultation on grant eligibility. Lawyers explain the criteria that must be met to obtain funding.
• Business plan preparation assistance. A realistic and convincing business plan, including a description of the activity and a job creation plan, is necessary for the application.
• Document preparation support. "Consultant" ensures legal support in preparing and submitting all necessary documents to the relevant state authorities.

The platform's experts help avoid potential document errors that could lead to grant denial. With their professional support, the process of obtaining state financial assistance becomes much simpler and safer.

The grant support program for veterans is an important part of the national policy for the social adaptation and professional integration of veterans into peaceful life. Key advantages include:

• Funding for veteran entrepreneurs. Grants provide the necessary start-up capital for opening or expanding a business.
• Grants for veterans and their families. The program offers support not only for veterans but also for their family members.
• Support for veteran entrepreneurs. Receiving a grant helps veterans realize their business potential, an important step toward their reintegration.

The "Consultant" legal marketplace offers personalized consultations and legal support for every client. They work with veterans and their families to simplify the grant application process and ensure successful business development.

Grants for veterans' businesses are provided to support the entrepreneurial activities of former servicemen, helping them create new jobs and develop their businesses. The "Consultant" marketplace helps avoid communication difficulties with state agencies and accelerates the process of obtaining grant assistance.