How can I start 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 foreigner start 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 register a company in Ukraine?
between USD $2000 and $5000
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.
Is it easy to start a business in Ukraine?
Ukraine ranks 64th out of 190 countries in ease of doing business. It also ranks high in terms of time, cost, and procedure of starting a business in Ukraine. Most of the processes including registration, getting permits, taxation, and setting up your teams are business-friendly.
What is an LLC in Ukraine?
A LLC (in Ukrainian – Товариство з обмеженою відповідальністю or simply ‘TOB’) is the most popular form of business structure in Ukraine. Among other benefits, it offers limited liability which means owners’ liability is limited to the amount of their investment in the company.
What kind of business can I start in Ukraine?
What is the best businesses to start in Ukraine in 2021?
- Agriculture. Ukraine contains more than 1/3 of the richest soil in the world.
- Information technology and customer support services. This is the most fast-growing sector of the economy.
- Production and Manufacturing.
How do I register a business name in Ukraine?
The following documents have to be filed by shareholders’ representative for the state registration of LLC company in Ukraine:
- Application for registration.
- Decision of founders on incorporation.
- Company Charter (or decision to use the model charter)
- Application for voluntary registration as VAT taxpayer (if necessary)
How much does it cost to open a business in Ukraine?
The mandatory state fee for registration is 2,500 USD.
Is Ukraine a good country to do business?
A recent World Bank and International Finance Corporation report revealed that Ukraine ranks 137th among 185 economies globally on the ease of doing business, up 15 places from the previous year.
How can I get my tax number in Ukraine?
The code can be obtained on the basis of a power of attorney. Personal presence is not necessary, but preferable. Id code can be obtained only in the regional center tax service or in Kyiv. ID number must be issued during five working days by the tax authority since the date of filing the application.
How do I register a foreign company in Ukraine?
To register his own company in Ukraine, the foreign citizen must submit a set of documents….When the individual registers business, the foreigner must submit the following documents:
- copy of the passport of the founder;
- a copy of the tax ID number;
- list of proposed types of activities;
- contact details of the foreigner;
How do I get a Ukrainian ID?
Documents for obtaining identification code
- copy of passport, which will be required to present a foreign national; national passport, valid for at least three months after the expiration date of the requested visa and having at least 2 blank visa designated pages;
- Ukrainian translation of national passport;
What is tax ID in Ukraine?
Individual Tax Identification Number is a unique10 -digit taxpayer code/number entered into Government Public Individuals Registry. It is a personal number for paying taxes and other obligatory payments that issued to residents (citizens) and non-residents of Ukraine, regardless of age.
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 much is a Ukraine passport?
|Expiration||10 years 4 years (for the minors)|
|Cost||₴733 ₴1085 (within 7 working days)|
How do I get a VAT number in Ukraine?
To register as the VAT payer, a nonresident person who provides electronic services to individuals whose place of supply is located in the customs territory of Ukraine, must submit an Application for registration of a non-resident as the VAT payer under the form N 1-POH.
How long does it take to register a company in Ukraine?
Ukraine company registration process takes from 2 days up to 12 days (if VAT registration is needed).