{"id":4035,"date":"2013-04-04T18:24:18","date_gmt":"2013-04-04T16:24:18","guid":{"rendered":"https:\/\/spolki.cgolegal.pl\/?post_type=jurisdiction&#038;p=4035"},"modified":"2022-08-08T13:16:38","modified_gmt":"2022-08-08T11:16:38","slug":"company-in-ukraine","status":"publish","type":"jurisdiction","link":"https:\/\/spolki.cgolegal.pl\/en\/jurisdictions\/company-in-ukraine\/","title":{"rendered":"Company in Ukraine"},"content":{"rendered":"<div class=\"entry-singular-content--tab\" id=\"content-general-information\" data-labelledby=\"tabnav-general-information\" data-hidden=\"false\" data-entry-tab-content=\"general-information\"><div class=\"entry-singular-content--article text-body-large text-container text-container--article-mobile md:text-container--article-desktop text-links--primary\">\n\n\n\n<h2 class=\"wp-block-heading\" id=\"general-information\">General information<\/h2>\n\n\n<div class=\"entry-additional-details\">\n    <ul class=\"entry-additional-details--list row g-16 md:g-32\">\n              <li class=\"entry-additional-details--item col col-auto-fill\">\n                      <figure class=\"entry-additional-details--item-icon\">\n              <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/spolki.cgolegal.pl\/wp-content\/uploads\/2013\/04\/ikona-percentage-square.svg\" alt=\"\" width=\"24\" height=\"24\">\n            <\/figure>\n                    <div class=\"entry-additional-details--item-content\">\n                          <div class=\"entry-additional-details--item-label\">\n                18%\n              <\/div>\n                                      <div class=\"entry-additional-details--item-desc\">\n                Tax rate\n              <\/div>\n                      <\/div>\n        <\/li>\n              <li class=\"entry-additional-details--item col col-auto-fill\">\n                      <figure class=\"entry-additional-details--item-icon\">\n              <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/spolki.cgolegal.pl\/wp-content\/uploads\/2013\/04\/ikona-clock.svg\" alt=\"\" width=\"24\" height=\"24\">\n            <\/figure>\n                    <div class=\"entry-additional-details--item-content\">\n                          <div class=\"entry-additional-details--item-label\">\n                3 weeks\n              <\/div>\n                                      <div class=\"entry-additional-details--item-desc\">\n                Time of establishment of the company\n              <\/div>\n                      <\/div>\n        <\/li>\n              <li class=\"entry-additional-details--item col col-auto-fill\">\n                      <figure class=\"entry-additional-details--item-icon\">\n              <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/spolki.cgolegal.pl\/wp-content\/uploads\/2013\/04\/ikona-moneys.svg\" alt=\"\" width=\"24\" height=\"24\">\n            <\/figure>\n                    <div class=\"entry-additional-details--item-content\">\n                          <div class=\"entry-additional-details--item-label\">\n                None\n              <\/div>\n                                      <div class=\"entry-additional-details--item-desc\">\n                Minimum capital\n              <\/div>\n                      <\/div>\n        <\/li>\n          <\/ul>\n  <\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Ukraine is the largest country in Europe. The country is famous for its huge port system and railway network, which provide an excellent infrastructure for import \/ export.&nbsp;Many investors have settled in Ukraine, and for good reason, as there are still market niches where there is no competition. Investors use Ukrainian solutions mainly as a platform for importing grain, meat and other essential goods. Our clients complain about difficulties in running a business such as: bureaucracy, fiscalism, high taxes or corruption. In recent years, the country has made great progress in adapting the legal system and administration to the requirements of the modern business world.&nbsp;Ukraine also has the advantage of being located at the gates of Europe and Russia, with a competent and cheap labour force.<\/em><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"what-to-keep-in-mind\">What to keep in mind<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">After the crisis, Ukraine\u2019s economy entered a growth path. This creates opportunities for Polish business \u2013 it is worth considering setting up a company in Ukraine \u2013 the cost of registration is not high and the potential of that region of the world \u2013 huge.<\/p>\n\n\n<\/div><\/div><div class=\"entry-singular-content--tab\" id=\"content-company-registration-procedure\" data-labelledby=\"tabnav-company-registration-procedure\" data-hidden=\"true\" data-entry-tab-content=\"company-registration-procedure\"><div class=\"entry-singular-content--article text-body-large text-container text-container--article-mobile md:text-container--article-desktop text-links--primary\">\n\n\n\n<h2 class=\"wp-block-heading\" id=\"company-registration-procedure\">Company registration procedure<\/h2>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"registration-of-the-company\">Registration of the company:<\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>Preparation of the memorandum of association<\/li><li>Completion of the registration application<\/li><li>Submission of documents to the Companies Register<\/li><li>Registration of the company<\/li><li>Registration with the tax office<\/li><li>Opening of a bank account<\/li><li>Choice of accounting policy.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"shareholders\">Shareholders:<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">There are no restrictions on the number of shareholders, however, a minimum of one shareholder is required to establish a company. Foreign shareholders are allowed.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"management-board\">Management Board:<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The board consists of natural persons and is responsible for the management and representation of the company. The Board may be single or multi-person.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"registered-office\">Registered office:<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The company must have a registration address, the use of virtual offices is allowed.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"time-to-set-up-a-company\">Time to set up a company:<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The time of establishing a company is about 3 weeks.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"capital\">Capital:<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">No minimum capital required.<\/p>\n\n\n<\/div><\/div><div class=\"entry-singular-content--tab\" id=\"content-taxes-and-finances\" data-labelledby=\"tabnav-taxes-and-finances\" data-hidden=\"true\" data-entry-tab-content=\"taxes-and-finances\"><div class=\"entry-singular-content--article text-body-large text-container text-container--article-mobile md:text-container--article-desktop text-links--primary\">\n\n\n\n<h2 class=\"wp-block-heading\" id=\"taxes-and-finances\">Taxes and finances<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Corporate income tax in Ukraine is 18%. The 20% VAT rate applies only to the supply of services and goods in Ukraine.&nbsp;The accounts must be kept by a licensed accounting office.<\/p>\n\n\n<\/div><\/div><div class=\"entry-singular-content--tab\" id=\"content-other-information\" data-labelledby=\"tabnav-other-information\" data-hidden=\"true\" data-entry-tab-content=\"other-information\"><div class=\"entry-singular-content--article text-body-large text-container text-container--article-mobile md:text-container--article-desktop text-links--primary\">\n\n\n\n<h2 class=\"wp-block-heading\" id=\"other-information\">Other information<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Ukraine is not a frequent investment destination. Nevertheless, one should consider opening a Ukrainian company by conducting international trade with Asian countries (e.g. on the Caucasus) or looking for directions to develop agricultural or breeding activities.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":24,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"tags":[],"type-jurisdiction":[53],"class_list":["post-4035","jurisdiction","type-jurisdiction","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/jurisdiction\/4035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/jurisdiction"}],"about":[{"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/types\/jurisdiction"}],"author":[{"embeddable":true,"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":2,"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/jurisdiction\/4035\/revisions"}],"predecessor-version":[{"id":5057,"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/jurisdiction\/4035\/revisions\/5057"}],"wp:attachment":[{"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/media?parent=4035"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/tags?post=4035"},{"taxonomy":"type-jurisdiction","embeddable":true,"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/type-jurisdiction?post=4035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}