How to open your own company in Ukraine

Filling megacities with a large number of goods and services, Russian entrepreneurs in search of a new market have long been eyeing Ukraine as a potential partner. Opening a business in the territory of this country is a simple procedure for the Russians.

You will need

• - passport of a resident of the Russian Federation;

• - various kinds of documents (on the registration of the company, the charter of the organization, etc.);

• - migration card.

Instruction manual

1

The most suitable type of entrepreneurial activity on the territory of Ukraine for citizens entering its territory is the organization LLC. In many respects the reason for this is the ease of documentation and minimization of costs. Moreover, you have the right to establish your own business, even if you are not a resident of Ukraine. But remember that you can only be a founder, and the official head of the enterprise can be a resident of the country in which you open your own business.

2

Any potential entrepreneur who does not reside in the territory of Ukraine needs first of all to acquire an identification code that is equivalent to our TIN. It can be obtained free of charge from the state tax administration of the country by providing the necessary information. The necessary package of documents includes a passport and copies of its pages (2, 3 and 5th), as well as a migration card and its copy. A prerequisite is the translation of the passport into Ukrainian (translation into Russian is also allowed).

3

The next step is to collect the necessary papers for the registration of the company. Their list practically does not differ from what is used on the territory of Russia: documents on the establishment of the institution, charter (surely certified by a lawyer), documents on the contribution of primary capital (which must exceed the threshold established by the state in 869 hryvnias), legal address of the organization. Businessmen from another country usually have to either buy their own housing in Ukraine, or register. Although the option of renting a room for your office is not ruled out, it is permissible to do this only if it is located in a non-residential fund.

4

You will also have to pay a state fee, which is about 170 hryvnia. After receiving the receipt, along with all the documents, go to the local administration, which is competent to register new companies. Registration of a new company is carried out within 72 hours, then it is necessary to notify the tax, social insurance and other services about its creation.