How do I set up an LLC in Ukraine?

07/23/2020 Off By admin

How do I set up an LLC in Ukraine?

The following documents have to be filed by shareholders’ representative for the state registration of LLC company in Ukraine:

  1. Application for registration.
  2. Decision of founders on incorporation.
  3. Company Charter (or decision to use the model charter)
  4. Application for voluntary registration as VAT taxpayer (if necessary)

What is LLC company in Ukraine?

A limited liability company is the most common form of business in Ukraine. The key advantages of an LLC include no minimum requirement for the size of the authorized capital, a fast registration procedure, and the participants’ liability being limited to their contributions.

How do I set up a business in Ukraine?

To start a business in Ukraine, a non-resident will need to get a tax number, draw up constituent documents, notarizing them, register an LLC, make a seal of the company and choose a tax system.

Can a foreigner open a business in Ukraine?

Ukrainian law allows both citizens and foreigners to open a business. In recent years, as more foreigners start businesses in Ukraine, the procedure for the registration of a legal entity has been simplified and now takes only a few days.

How much does it cost to open a company in Ukraine?

To make the process easier, you can pay a registration service fee of $320 annually. When you register a company in Ukraine, you should expect to pay an amount between USD $2000 and $5000. You can pay the lower value of this range if you do most of the things by yourself.

What is the biggest company in Ukraine?

The leading company by annual revenue in Ukraine was Interpipe, whose net income amounted to nearly 21 billion Ukrainian hryvnia in the fiscal year 2019. Ferrexpo followed the leader with roughly ten billion Ukrainian hryvnia in total revenues.

What is the largest company in Ukraine?

American retail corporation Walmart has been the world’s largest company by revenue since 2014. The list is limited to the top 50 companies, all of which have annual revenues exceeding US$123 billion.

Is it easy to open a business in Ukraine?

Starting a business in Ukraine is an arduous process, involving seven procedures and 22 days. Unlike legislation in other countries, Ukrainian law does not allow investors to set up a partnership in the country or convert a representative office into a company.