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    With us you will find reliable partners and support in business
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    We make profitable investments safe
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    We are opening new opportunities to you
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    With us you multiply your capital

Business organization

Organization of business in Ukraine


Business organization in Ukraine

Foreigners (non-residents) in Ukraine have the right to engage in business, to conduct business on an equal footing with citizens of Ukraine, but foreigners have some legal nuances that need to be known before they start start your business
A foreigner is required to obtain an identification number in the State Tax Administration. Dana the procedure takes 3-4 days.
A foreigner in Ukraine has the right to work officially only after obtaining a work permit in Ukraine. Such permission is issued within 15 days from the date of submission of documents for a term up to 1 year. But the foreigner is the founder of the LLC and at the same time the head of the LLC has no right to obtain permission employment, as the documents for obtaining a permit are filed on behalf of the registered legal entity
In this case, the LLC manager should be a citizen of Ukraine. This may be your trustee, or our representative on the basis of additional arrangements.

Benefits of Company Registration for a Non-Resident-Founder in Ukraine
After the company has been registered, a non-resident of Ukraine may obtain a work permit after what to do in order to change the director. Thus, the entire period of registration for a non-resident can take up to 20 working days with accelerated registration.
It should be noted one of the most important feature that most foreign entrepreneurs must will take into account. If the foreign non-resident founder will form the authorized capital of the opt-in enterprises in the amount of not less than 100 000, 00 dollars, having registered foreign investments, foreign a citizen has the right to obtain a permanent residence permit in Ukraine.

To organize and conduct business in Ukraine it is necessary to register the subject of entrepreneurial activity in accordance with the Law of Ukraine "On State Registration of Legal Entities, Individuals-Entrepreneurs and Public Formations" No. 755-IV of May 15, 2003

We offer a simple action algorithm - step-by-step guide for opening a business in Ukraine and establishing a company.

Step 1: Collect the information you need:
By the company:
• name of the Company (free at the moment of registration)
• The size of the authorized capital;
• distribution of shares in monetary (interest) equivalent, if the founders are more than one;
• Location of LLC;
• the head / director of a legal entity (name, passport data, place of registration, index, identification code)
• Types of economic activity (for QED-2010);
By founders:
• Last name, first name, patronymic, passport details, place of registration, index, identification code, size contribution to the authorized capital.
If the legal entity is the founder of the newly formed Society, then it is a legal entity the founder additionally requires a protocol on the creation of the Society;
If the founder of the newly formed Society is a foreign legal entity, then from a foreign one The legal entity of the founder additionally requires a notarized translation of the extract from the country register residency and power of attorney for representation to create a new Association for a representative;
If the natural person is the foreigner, then the non-resident is the founder to become the founder The company must obtain a registration card of the taxpayer in the tax authority.

Step 2. Preparing the constituent documents:
• Statute;
• Protocol on the establishment of the Society;
• Registration Application.

Required time to complete all phases - up to 20 days.

The procedure for state registration (re-registration) of foreign investments and its cancellation is carried out in accordance with the Law of Ukraine "On the regime of foreign investment" No. 93/96-VR dated March 19, 1996, within seven days from the date of submission by foreign investors of documents for registration (re-registration) of foreign investments and its cancellation.
Re-registration of foreign investment due to the change of ownership of such investment is made by the previous cancellation state registration of foreign investments and new measures on state registration of foreign investments.
In the case of the withdrawal (repatriation) of a foreign investment, the state registration of foreign investment is subject to cancellation. Unregistered foreign investments do not qualify for the privileges and guarantees provided for by this Law.

A refusal to state registration of foreign investments is possible only in case of violation of the established registration procedure. Denial of the reasons for its inactivity is not allowed. The refusal to state registration of foreign investments must be filed in writing, indicating the reasons for the refusal and can be appealed in court.

The general tax system provides for the following basic taxes, fees, and payments:
• Corporate income tax - 18%;
• a single social contribution of 22%;
• Income tax for physical persons - 18%;
• Value added tax (VAT) - 20%;
• excise tax;
• environmental tax;
• rent;
• duty;
• other taxes and fees in accordance with the legislation of Ukraine.
The general system of taxation may be legal entities that have not opted for another tax system.

Simplified taxation system in Ukraine gives the right not to pay a lot of taxes and fees, which facilitates accounting department A simplified tax system (single tax) can be applied as physical persons-entrepreneurs and legal entities are residents. According to the changes, a simplified tax system with 2016 is divided into four groups:
Group 1 - individuals entrepreneurs who do not use the employment of hired persons, carry out exclusively retail sale of goods from retail outlets in the markets and carry out economic activity on providing household services to the population and the volume of income, which during the year does not exceed 300 thousand hryvnias tax - up to 10% of minimum wage + Single social contribution 22% of the minimum wage pay.
15% - for individuals entrepreneurs in cases defined in p.293.4 PKU (if the limit exceeds the limit) 1 group pays CVI 0.5 * 22% 4gr - incorrect tax rates.
Group 2 - individuals entrepreneurs, employing no more than 10 employees and volume whose income does not exceed UAH 1.5 m., who carry out business activities and provide services, incl. domestic, payers of the single tax and the population, production and sale of goods, activities, in the restaurant industry. Single tax - up to 20% of minimum wage + Single social contribution 22% of the minimum wage per worker.
Group 3 - individuals entrepreneurs and legal entities whose income does not exceed UAH 5 million. The number of employees is unlimited. Single tax - 3% of the proceeds received on payment VAT or 5% VAT unpaid + Single social contribution 22% of the minimum wage for each worker.
4th - group - legal entities, agricultural commodity producers, in which the share of agricultural goods- for the previous tax year is equal to or exceeds 75%. The tax rate is 0.16 - 5.4% of normative monetary valuation (depending on the type of land).

Republic of Lithuania

Business organization in Lithuania

Lithuania is ranked 24th among the world's 189 economies in the Doing Business 2015 ease of doing business, published annually by the World Bank. Lithuania has the 11th place in the subregion "Registration of the Enterprise" - it is the best result among the Baltic countries.
Membership in the EU and NATO, low economic and political risks, GDP growth, exports and imports, low taxation, highly educated workforce, low labor costs - all these factors create favorable conditions for business and living in Lithuania.

Lithuanian Economy is one of the fastest growing economies in Central and Eastern Europe. The main factors of economic development are the growth of exports and trade, favorable geographical position of Lithuania in terms of international trade routes. Through the territory of the country there are two international transport corridors of continental importance, a developed network of high-quality highways. In addition, Klaipėda port connects sea and land routes in the East and West.

The main sectors of the Lithuanian economy are information and telecommunication technologies, energy, petroleum industry, furniture production, chemical production, electrical production, machine building, food and beverage production, light industry.

Opening and doing business in Lithuania has the basic rules and procedures for opening a company in Lithuania. Like Latvia, Lithuania has been a member of the EU since 2004 and has a regulatory environment similar to most European countries. Nevertheless, there are a number of specific features inherent exclusively in the Republic of Lithuania.

Where to start your business in Lithuania and what to look for in the first place?
Choose the organizational and legal form of company
The Lithuanian Civil Code establishes legal rules for the creation of companies, the formation of governing bodies, their competence, legal status, as well as the procedure for liquidation of enterprises. According to the Lithuanian legislation, all companies operating in the territory of the republic have the status of legal entities.

There are 4 main types of companies in Lithuania:
1. Limited liability company (LLC) - the authorized capital of such a company shall be paid into a bank account and shall not be less than EUR 43 500. The amount may be paid in installments, with the amount of the down payment to be not less than 25%. The founders of the company may be one or more natural and legal persons - residents or non-residents of Lithuania. LLC has a legal entity status. The main governing body of such a company is the Board of Directors, which should consist of not less than three representatives. The management structure of the company is agreed upon at the general meeting of shareholders.
2. Closed Joint-Stock Company (Joint-Stock Company). For an alien the easiest way to open a company in Lithuania is to set up a CJSC. The authorized capital of such a company must be not less than EUR 2 900. Money can be paid into a bank account at once or in parts (the first installment is not less than 25% of the total). As in the case of LLC, the company's founders may be residents or non-residents of Lithuania. CJSC at registration receives the status of a legal entity. The total number of shareholders in a limited liability company should not exceed 250 persons. An annual audit of a company should be conducted only if its annual turnover exceeds EUR 1.4 million
3. Societies with unlimited and limited property liability. In Lithuania there are two types of partnerships - with limited and unlimited liability. Both types of companies have the status of legal entities, but differ in the amount of liability for obligations. The founders of the first type of partnership are liable for their obligations to all their property, while members of a limited liability company are liable for the obligations of the company within the amount of their contribution to the authorized capital. 4. Branch or representation of a foreign company. Foreign companies and organizations have the right to open offices and offices in Lithuania. In accordance with the Lithuanian legislation, they are part of the organizational structure of the parent company, therefore the status of a legal entity is not assigned to them. A branch of a foreign company has the right to commercial activity, while the parent company bears full responsibility for the obligations of its branches. Representation of a foreign company or organization has the right to represent and protect the interests of the parent organization, to promote its products and services, but has no right to engage in commercial activities.

Company Registration (application form in electronic form)
Registration of companies in Lithuania is carried out by a special state registration center, which was created on the initiative of the Ministry of Justice of the Republic in 1997. The single register contains all the necessary information about companies registered in Lithuania: registration form, scope of activities Company Registration (application form in electronic form)
Registration of companies in Lithuania is carried out by a special state registration center, which was created on the initiative of the Ministry of Justice of the Republic in 1997. The only register contains all the necessary information about companies registered in Lithuania: the registration form, scope of activities, information about the owners and management of the company, obtained licenses, etc.
Since 2004, most companies are also required to submit annual financial statements that are entered into the Register. Since 2010, when registering a company, closed joint stock companies are also required to submit a list of shareholders to the registration center. In the same year, the electronic system of registration of companies was launched, which allowed not only to strip businessmen and paperwork officials, but also shortened the registration time to only three business days. Additional information about the rules of registration and about the Register itself is available in the free electronic application.

Lithuanian Tax System
In general, among all the Baltic countries, Lithuania has the most attractive regulatory environment. The whole Lithuanian tax system is brought in line with the legislation of the European Union. The main tax principles and procedures are governed by the law on tax administration, which also establishes the rights and obligations of tax authorities and taxpayers. There are 5 major taxes for business in Lithuania:
• Corporate income tax • Real Estate Tax
• Land tax
• Excise tax

The country also has taxes on the use of natural resources, the use of oil and natural gas, environmental pollution taxes, taxes in the form of contributions to the social insurance fund, as well as consular fees and a number of other taxes. Now about each tax we will tell more. Corporate income tax
Corporate income tax is paid to companies engaged in commercial activities, as well as non-profit organizations that profit from commercial activity. Since 2010, the tax rate is 15%. Agricultural enterprises, non-profit organizations, small companies, companies with foreign investments, as well as companies employing people with disabilities can apply for exemption from paying this tax.

Land tax
The land tax in Lithuania is levied by local governments. The tax is taxed on land that is privately owned. The annual tax rate is 1.5% of the value of land (in the case of privately owned forest, the value of trees is not included in the value of land, and therefore not taxed).

Excise tax
The excise tax is taxed on the following product groups:
• Alcoholic beverages, including beer; However, alcoholic beverages and raw materials for their production, imported by state enterprises licensed for the production of such beverages, as well as export products, are not subject to taxation • Tobacco products • Coffee, chocolate, as well as food containing cocoa • Jewelery, gold and silver, except jewelry and coins
• Petrol and diesel fuel (except aviation)
• Premium cars
• Electricity.

Value Added Tax (VAT)
The standard VAT rate in Lithuania is 21%. The tax is due to those companies whose income from the sale of goods and services exceeds EUR 1500 per year. There are also reduced tax rates - 9% and 5%. In some cases, companies are generally exempt from VAT. As a rule, the VAT registration procedure takes up to 10 days. In order to become a tax payer, you must submit the following documents:
• Certificate of company registration • Information about objects of economic activity, including their addresses, phone numbers, faxes, e-mail addresses, sites, etc.
• Information on how to do business • Information about the person who manages the company, as well as information about other organizations that are managed by these people.
• Information about private property and long-term assets that are at the disposal of the company and can be used in the future for doing business

Lithuania is a country with an open economy of about 3 million people. The institutional environment is generally stable and transparent, the economy is market oriented. The country has made significant steps towards closer co-operation with the international community, joining the World Trade Organization in 2001, the European Union in 2004, entering the Eurozone in 2015
In order to improve the investment attractiveness of Lithuania, as well as to support foreign and Lithuanian investors in Lithuania, there are a number of structures that carry out this activity. The most famous of them is "Invest Lithuania".
Foreign direct investment in Lithuania is growing. Currently close

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