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"Ukrainian-Lithuanian Business Club"
 
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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
  • image01
    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

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.

REGISTRATION OF FOREIGN INVESTMENT
PERSONAL REGISTRATION FOR FOREIGN INVESTMENT
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.

DISCLAIMER IN PUBLIC REGISTRATION OF FOREIGN INVESTMENT
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.

TAXATION SYSTEM
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).

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