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's activity report 2022

Kashyyyk OÜ was established in 2021 by one of the largest commercial groups in the field of Ukrainian trade and industry, "Fozzy Group".

The main goal of Kashyyyk OÜ is to recruit IT developers with special skills to perform specific business development tasks based on the group's business interests.

Estonia was chosen as the location for establishing business due to its suitable legislation and tax regime.

The company started active business operations in the same year, and its main activity is the search and recruitment of experienced IT developers.

Kashyyyk OÜ recruits IT developers to achieve the posted business objectives from Estonia, other European Union countries (e.g., the Netherlands), and other so-called CIS countries, excluding Russia and Belarus.

In 2022, the company earned sales revenue of 1,846,304 euros and ended the fiscal year with a loss of 22,000 euros. The company has a single-member board. As a result of the business activities of the past year, the company's equity decreased and the equity capital was negative at the end of the year, which is less than the minimum equity capital size allowed by law. This is a temporary financial situation that should normalize next year as a result of sales and profit growth. As of the preparation of the management report, the share capital was already higher than the minimum level.

The remuneration paid to the board member last year was 31,380 euros.

Kashyyyk OÜ plans to continue its business operations in the next fiscal year despite the ongoing military aggression in Ukraine due to Russia's military aggression.

The company plans to expand its business operations and initiate new business relationships with customers from EU countries.

Kashyyyk OÜ is ready to provide appropriate humanitarian assistance to its parent company and related businesses within the framework of social and humanitarian projects.

15.03.2023

Artjom Vakulenko

Board member