More than 8,000 companies are now part of the White Business Club

8,882 companies are currently listed in the White Business Club — a registry of businesses that are expected to demonstrate transparency, pay taxes diligently, submit accurate reports, and have no ties to Russia. For comparison, in January 2025, there were 7,997 such companies. The list is constantly updated: 4,113 companies joined the registry since the beginning of the year, while 3,228 were removed. However, the overall trend remains consistently positive: the number of transparent and responsible taxpayers in Ukraine is growing. Note: this data refers only to legal entities — the total number would be higher if sole proprietors (FOPs) were included.

You can follow updates on the White Business Registry page.

Still, there are some caveats: among the current members, six companies are already in the process of termination, one is undergoing bankruptcy, and one has an open tax case due to debt. It’s also worth noting that at the beginning of the full-scale invasion, there were 37 companies with Russian owners on the list.

After the invasion began, companies had only a few legal mechanisms to get rid of their “Russian footprint.” Following OpenDataBot’s inquiries, the Ministry of Justice conducted investigations into several such businesses and recognized some registration actions as illegal.

At the request of Opendatabot, Danylo Hetmantsev, Head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, commented that the White Business Club registry is compiled as of a specific date — the most recent one was formed on May 31, 2025. Since companies’ characteristics can change over time, there may be grounds to question their continued participation. If, within three months, any facts are revealed that disqualify a business from the Club — for example, if a company initiates termination — that business will not be included in the next registry.

The largest share of White Business Club members operate in the trade sector: 22% are engaged in wholesale or retail trade, or vehicle repair. The second largest group belongs to the manufacturing industry (16%), followed by agriculture, forestry, and fishing (14%). Other prominent sectors include real estate (8%) and administrative services (7%).

The majority of these businesses are based in Kyiv — 25% of all companies on the list. Other actively represented regions include Dnipropetrovsk (9%), Kyiv region (7%), Lviv region (7%), and Kharkiv region (5%).

The highest revenues in 2024 among the companies in the White Business Club were reported by Ukrhydroenergo — ₴54.2 billion, Petrol Partner (WOG gas station network) — ₴49.1 billion, and Roshen — ₴37.4 billion.

It is worth noting that 33 companies from the White Business Club were included in the Opendatabot Index 2025.

The White Business Club was established in 2024 at the initiative of the State Tax Service to form a community of transparent and responsible taxpayers who interact with the state based on trust, predictability, and partnership.

“The Territory of High Tax Trust initiative is undoubtedly a success, as evidenced by the number of businesses already included or wishing to be included in the list,” said Danylo Hetmantsev.

“According to an EBA survey, 46% of the association’s members want to be included in the list. This means that the majority of business owners are either already in the Club or are striving to meet its requirements. And that is the essence of the Territory — establishing clear and transparent criteria, compliance with which exempts you from excessive tax control,”

— Danylo Hetmantsev, Head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy.

However, not everyone shares the optimism about the project. According to Myroslav Laba, an expert from the Economic Expert Platform, the very idea of creating the White Business Club is debatable. He points out that the legislative initiative focuses on supporting honest taxpayers, while in his view, the real emphasis should be on those who evade taxes.

He also questions the selected integrity criteria — instead of using a risk-based approach or analyzing SAF-T files, the current method relies on indicators such as salary levels and tax burden. He warns that this model of incentives could lead to selectivity and unjustified advantages for certain taxpayers.

“Everyone should be equal before the law and be treated the same by the state. Judging by the numerous inquiries from companies that didn’t make it into the list of compliant businesses, it becomes clear that the current requirements regarding tax burden and salary levels are quite inappropriate. So far, only 0.63% of all companies have been included in the ‘White Business Club,’ which objectively does not reflect the actual number of businesses that follow tax legislation,”

— said Myroslav Laba, expert on tax and regulatory policy at the Economic Expert Platform.

The Tax Service has currently prepared a new draft law aimed at improving admission to the White Business Club by proposing more flexible access conditions: allowing minor paid fines, clarifying criteria related to salaries and VAT payments, clearly regulating inspection procedures, and expanding protection against scheduled documentary audits. According to Danylo Hetmantsev, the new draft law does not contain substantial changes—it merely addresses existing shortcomings in the residency status criteria for the White Business Club.

However, the expert notes that the new draft law is more about removing formalities rather than genuinely improving conditions for business.

“The updated version of the integrity criteria is a cosmetic change to the existing procedure. Its adoption might increase the number of privileged club members by 20-50%, but it will not solve any of the current problems businesses face. In my opinion, improving absurdity is a waste of time and distracts society from other, more urgent issues. For example, the adoption of draft laws 12359 and 12360, which introduce performance indicators for the tax and customs services, would bring real results in improving the integrity of these two controlling bodies, whose work raises many questions from the business community,”

— notes Myroslav Laba.