Company formation in Ukraine
Ukraine is a country in Eastern Europe that borders with Belarus, Poland, Slovakia, Hungary, Russia, Romania, Moldova, which creates a favorable geopolitical location; it is a potentially attractive country for virtually any kind of business, since it has an available large-scale domestic market and a developed transport infrastructure.
The most popular legal form of doing business in this country is a limited liability company (LLC).
LLC in Ukraine
The authorized capital is formed at the expense of money or property contributions of founders, which should be made in full within one year from the date of the company's incorporation. The contribution can be made by installments. The exact value of the authorized capital is not stipulated by law. The amount of the authorized capital can be from 1 hryvna and more. The minimum number of founders is one person (physical, legal or resident of a different state).
Documents required for company registration;
- copies of passports of founders and the director;
- name of LLC; address of LLC;
- type of activity of LLC
- contact details;
- information regarding the amount of the authorized capital.
It takes about 3-4 working days to register a company and 10 working days to obtain a VAT certificate.
For comparison, company formation in Poland, takes up to 10 working days
What is included in the service of company formation in Ukraine;
- preparation of documents (corporate record book, articles of association);
- registration in all public authorities;
- corporate seal;
- receipt of VAT certificate.
The cost of company registration in Ukraine is; On request
Taxation in Ukraine
In the general system of taxation, the income tax rate is 18%, the profit tax is 5%, the total VAT rate is 20%.
The company ORUGA\GROUP offers comprehensive legal services for your European company formation