Registration of LLC
UkraineLegal entity in Ukraine
Legal entity - an organization, firm, company established and registered in the manner prescribed by law.
A legal entity has property, economic management or operational management of property, can, on its own behalf, acquire and exercise property and personal non-property rights.
In Ukraine, the most common form of companies is a Limited Liability Company (LLC).
To register a company, you do not need to be in Ukraine
To open a company in Ukraine, all founders must be present in person at the registration of the LLC.
You can also apply for registration of a company by proxy from all founders, if you are abroad and do not have the opportunity to come.
List of required documents for opening LLC
To register a company in Ukraine, you need documents:
- power of attorney for the provision of interests from all founders of the company;
- a certified copy of all pages of the passport at the Embassy of Ukraine or a certified copy of all pages of the passport with an Apostille from all founders of the company.
Required data for opening a company in Ukraine
To register LLC in Ukraine, the following information is required:
- the name of the company
- a description of the distribution of the percentage of ownership of the company between the founders
- types of economic activities that the company will be engaged in
- the size of the authorized capital of the enterprise
- indicate who will be the director from the moment the company is registered in Ukraine
- company registration address
- telephone
- e-mail.
Terms of opening an LLC in Ukraine
The term for registering a company in Ukraine is only
24 hours.The cost of registering a legal entity in Ukraine
The cost of registering a company depends on the number of founders, the characteristics of the statutory documents.
Registration price, from:
300$249$
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Authorized capital of the company
The authorized capital of an enterprise consists of the nominal value of the shares of its participants, expressed in the national currency of Ukraine.
The size of the share of a company participant in the authorized capital can be additionally determined as a percentage.
At the same time, it must correspond to the ratio of the par value of the share of the participant and the authorized capital of the company.
When registering a limited liability company (LLC), the legislation does not provide for a minimum amount of the authorized capital.
Legal entity tax rates
Legal entities in Ukraine pay taxes, fees and other payments:
- corporate income tax - 18%
- value added tax - 20%
- military tax - 1.5%
- excise duty
- environmental tax
- customs duties
- land tax
- other taxes and fees, in accordance with the legislation of Ukraine.
Ukrainian companies can be on a simplified taxation system.
It has its own characteristics:
- the maximum amount of income per year does not exceed 185 000$;
- Tax rate of 5% excluding value added tax or 3% + value added tax
- You cannot include expenses to reduce the amount of taxation
Employee Tax Rates
A single social contribution is paid for each employee in the amount of 22% of the salary.
The employee is withheld the following types of taxes from accrued wages:
- personal income tax - 18%
- Military tax - 1,5%
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Legal entity founders
Individuals and legal entities can be the founder of a company in Ukraine.
It does not matter what country you are a citizen of, or in which country a legal entity is registered that will establish a company in Ukraine.
Minimum number of founders
For registration of an LLC, the legislation does not limit the number of participants.
Thus, both 1 person and 50 people can open a company at the same time.
Director of a Ukrainian company
The following categories of citizens can be a director in a Ukrainian company:
- citizens of Ukraine;
- Foreign citizens who have a permanent residence permit in Ukraine;
- Foreign citizens who have received refugee status on the territory of Ukraine
- Foreign citizens who have issued a work permit in a Ukrainian company.
The founder can be a director
The founder can be the director of an enterprise in Ukraine.
Foreign citizens to work as a director must apply for a work permit in a Ukrainian company.
This requirement does not apply to foreign citizens who have obtained a permanent residence permit in Ukraine or obtained refugee status on the territory of Ukraine.
Residence permit based on business
You can get a temporary residence permit in Ukraine for a company, being a founder or an employee.
Foreign citizens, even in the position of a director, need to obtain a work permit.
Minimum number of employees
In Ukraine, there is no limit on the minimum number of employees in LLC. 1 person can be a founder and director, no employees.
Foreign employees
In Ukraine, there are no restrictions on the number of foreign employees in a Ukrainian company.
To work, they need to obtain a work permit in Ukraine and obtain a residence permit for work.
Work permit for foreign employees
A work permit for foreign citizens and stateless persons in Ukraine can be issued for a period of: 6 months, 1 year, 2 years, 3 years.
This requirement does not apply to foreign citizens who have obtained a permanent residence permit in Ukraine or obtained refugee status on the territory of Ukraine.
Residence permit for employees
A temporary residence permit in Ukraine on the basis of work for foreign citizens is issued for the period of validity of a work permit.
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