The aim of the article is an attempt to find an answer to the question about the state of Ukrainian FDI in Poland: showing the state, support, government incentives, motives, barriers and investor sentiment. It was possible to reach the target primarily thanks to a thorough analysis of documentation from the websites of the State Statistics Service of Ukraine and interviews with representatives of institutions or their employees. The article consists of three main parts: the first is the administrative activity for the development of Ukraine’s cooperation with Poland and the existence of “incentives” for FDI from Ukraine; the second part analysed data on Ukrainian FDI in Poland and Ukrainian FDI in total and approximated the state of commodity exchange of Ukrainian companies with Poland as a basis for economic contacts (which may develop into strategic alliances, joint ventures or FDI); the third part presents the results of empirical research on investor sentiment, motives and barriers in this process.