Ukraine company registration

DOING BUSINESS IN UKRAINE

Since 2003, Healy Consultants Group PLC has assisted our Clients with starting their business in Ukraine. Our services include i) Ukraine business registration ii) corporate bank account opening iii) employee recruitment strategies and iv) office rental solutions.

SummaryTax resident LLCPrivate JSCPublic JSCRepresentative officeBranch of a foreign companyFast Solution LLC
Best use of company?Trading companyTrading on the Stock ExchangeRaising capitalMarketing and researchCommercial representative officeClose a customer deal now
Legally tax exempt if properly structured?NoNoNoNoNoNo
Corporate bank account location?Credit AgricoleRaiffeisen Bank AvalPrivat BankAlfa BankSberbankSberbank
Client must travel to Ukraine?NoNoNoNoNoNo
Can secure trade finance?YesYesYesNoYesYes
Limited liability entity?YesYesYesNoNoYes
VAT payable on sales to local customers20%20%20%0%20%20%
Withholding tax on payments to overseas shareholders?15%15%15%15%15%15%
Average total engagement costs?US$9,800US$9,500US$9,500US$8,800US$8,800US$25,760
Average total engagement period?3 months6 months6 months6 months6 months2 months

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Accounting and tax considerationsTax resident LLCPrivate JSCPublic JSCRepresentative officeBranch of a foreign companyTax resident LLC
Statutory corporation tax payable?18%18%18%0%18%18%
Must file an annual Ukrainian tax return?YesYesYesYesYesYes
Effective corporation tax rate on net profits of US$ 250,00018%18%18%0%18%18%
Must file annual financial statements?YesYesYesYesYesYes
Investment income is legally tax exempt in Ukraine?NoNoNoNoNoNo
Access to double taxation treaties?YesNoYesNoNoYes
This entity enjoys Government incentives?YesYesYesNoYesYes
Monthly VAT reporting to the Government?YesYesYesNoYesYes
Legally tax exempt entity?NoNoNoNoNoNo
Dividends received are legally tax exempt?NoNoNoNoNoNo
Company registrationTax resident LLCPrivate JSCPublic JSCRepresentative officeBranch of a foreign companyFast Solution LLC
Ukrainian resident director/partner/manager required?YesYesYesYesYesYes
Minimum number of shareholders/partners?111Parent companyParent company1
Minimum number of directors/managers?111111
Minimum paid up share capital?US$1US$59,741US$59,741US$0US$0US$1
Shelf companies available?YesYesYesNoNoYes
Time to incorporate a new entity?1 week1 week2 weeks1 week1 week1 week
Can easily convert to a local PLC company?YesYesYesNoNoYes
Can have preference shareholders?YesYesYesNoNoYes
Business considerationsTax resident LLCPrivate JSCPublic JSCRepresentative officeBranch of a foreign companyFast Solution LLC
Can invoice local customers?YesYesYesNoYesYes
Can hire local staff?YesYesYesYesYesYes
Can rent local office space?YesYesYesYesYesYes
This entity can secure a residence visa for business owner?YesYesYesYesNoYes
Good entity for trademark registration?YesYesYesNoNoYes

Ukraine has signed free trade agreements?Yes, see this page
This country is a member of WIPO and TRIPS?Yes
The country is a member of the ICSID?Yes
Average customs duties suffered?10%
Government foreign investment approval is required?No
Average monthly office rental? (US$ per sq m)US$30
Minimum statutory annual salary?US$56
Average monthly US$ salary for local employees?US$314
Ukrainian grivnya deposit interest rate? (1 year average)21.25%
US$ deposit interest rate? (1 year average)8%
Overseas remittance currency controls?Yes
Public register of shareholders and directors?Yes
Banking considerations
Multi-currency bank accounts available?Yes
Corporate visa debit cards available?Yes
Quality of e-banking platform?Good
Crowd funding available in this country?Yes

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Contact us

For additional information on our company registration services in Ukraine, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Olivia Stanciu, directly:
UCus UMoF UCoC UCB UMFor UMoR Privatbank Prominvestbank Raiffeisen Bank Aval