Registration of a company in Ukraine

Register a Company in Ukraine

Registration of a limited liability company (LLC) in Ukraine

• Minimum authorized capital of at least 1 UAH;
• The director of an LLC can only be a citizen or a person who has received a residence permit in Ukraine;
• There are no requirements for the residency of the shareholder;
• A secretary is not required;
• An LLC company in Ukraine is required to submit financial statements annually.
• Information on beneficiaries is available in public sources;
• The name of the company in Ukraine should be written in Ukrainian. The charter may also include the name in several additional languages, for example, in Russian and English.

Registration of a representative office of a foreign company in Ukraine

Types of representative offices:

• non-trading - without the right to conduct business; not subject to taxation in Ukraine; an H-type account is opened in a bank;
• commercial (in other words - permanent) - with the right to conduct business; taxation takes place on a general basis; a P-type account is opened in a bank;
• A permanent representative office is a permanent place of business through which a non-resident’s business activities in Ukraine are carried out in whole or in part (namely office, management place, warehouse, server, etc.), the construction/installation facilities are situated, the services by a non-resident are provided, including consultations;
• A representation office regardless of its type (commercial/non-commercial) should be registered with the Ministry of Economic Development, Trade, and Agriculture of Ukraine. And only after receiving a certificate of registration, you can register with the Unified State Register of Legal Entities, Self-employed Individuals and Public Organizations, as well as with tax and pension authorities

Accounting in Ukraine

A company in Ukraine submits monthly reports after 1 month from the date of registration with the tax authority. At the end of the reporting period, annual reports must be submitted.

Taxes in Ukraine

In Ukraine, there are 2 tax systems: the general system and the simplified one. The taxpayers of the general system pay the 18% tax of the calculation of net profit (income minus expense = net profit).
Taxpayers of a simplified system pay tax according to their group: 1, 2 and 3 groups are individual entrepreneurs and certain categories of companies; group 4 is for companies.

Single tax rate:

• For the first group - max. 10% of the minimum wage.
• For the second group - max. 20% of the minimum wage.
• For the third group - 3% + VAT or 5% excluding VAT.
• For the fourth group, it depends on the area and characteristics of the land property, the amount may vary.

However, there are restrictions on the type of activity of companies that cannot use the simplified tax system.

It is possible to register a company or buy a ready-made business in Ukraine with the Law & Trust International company. Our lawyers will provide qualified advice and select a working business solution for you.