Business registration in Ukraine for non-residents

Non-residents who want to register a company in Ukraine look towards law firms for assistance and advice. Many law firms offer their clients only an all-inclusive package, but this is not suitable for everyone.

Pravelon Law Firm offers both standard and all-inclusive packages that best suit your needs. The registration process may seem complicated, especially for those who are not familiar with local rules and requirements.

 

We will consider the steps that need to be taken to successfully register a company in Ukraine for citizens of different countries.

 

Let’s outline the economic advantages of setting up a company for foreign businessmen in Ukraine.

1. Business environment. Ukraine offers a wide range of business development opportunities in various sectors, including information technology (software development, web-design, outsourcing, artificial intelligence, cybersecurity, cryptocurrency, fintech etc.) agriculture (production and export of grains, oilseeds, and other agricultural products), e-commerce, pharmaceuticals and medical services and other industries. The country is developing economically and attracts foreign investments.
2. Easy access to the EU market. Ukraine concluded Association Agreement between Ukraine and the European Union. Businessmen operating in Ukraine have simplified access to the large EU market.
3. Low business maintenance expenses. Ukraine offers low office rent, salaries and manufacturing costs compared to most European countries. Ukrainian business culture is known for its proactivity and speed of service delivery.
4. Tax advantages. Ukraine offers a variety of tax systems for businesses, including a simplified taxation system (income profit tax is 5-18%, VAT is 20%) and preferential taxation for certain industries. Simple tax management structure will significantly reduce the tax burden on your company.
5. Skilled employees. Ukraine is known for its highly educated human resources, especially in the IT and engineering industries. This allows you to attract talented employees for your business. Ukraine has been attracting outsourcing activities in various domains, including customer support, finance, and other business processes.
6. Supportive investment legislation. Ukraine has legislation that promotes the protection of foreign investment and provides foreign investors with rights and guarantees.
7. Easy access to global market. Ukraine has free trade agreements with many countries, which allows your business to trade internationally with different markets.

 

The concept of a limited liability company is common in many countries, and various jurisdictions have their equivalents. Here are some of the equivalents for a Limited Liability Company (LLC) in different countries: LLC in USA, Ltd in the United Kingdom, GmbH in Germany, SARL in France, You Xian Ze Ren Gong Si in China etc.

In Ukraine most common legal form for companies is the Limited Liability Company (LLC), known as TOV (“ТОВ” in Ukrainian).

This company structure is popular among businesses due to its flexibility, simplicity, and limited liability protection for the owners (participants or shareholders).

 

The procedure for setting up an LLC (TOV) is absolutely straightforward if you follow certain rules and advice from qualified lawyers.

If you contact Pravelon Law Firm, our lawyers will ask you to provide some documents and information to establish a limited liability company (LLC).

After receiving this information, our lawyers will immediately start the process of establishing your limited liability company (TOV) in Ukraine.

 

Some businessmen do not only want to run a company, but are also interested in living in Ukraine. If you want to run your business in Ukraine and at the same time live here as a director of your own company, or to study in Ukraine, or to become a volunteer (representative of public non-governmental organizations), or want to reunite with your family or marry a Ukrainian citizen, you also have all the legal grounds for residing in Ukraine. In this case, you will be interested in our business-based temporary immigration service.

 

Registering a company in Ukraine for non-residents is an important step in starting your own business. Pravelon Law Firm will provide you with competent advice and support at every stage of this process. We wish you successful registration and prosperity of your business in Ukraine!