Ukraine company registration

Ukraine company registration

DOING BUSINESS IN UKRAINE

Since 2003, Healy Consultants 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 company
Best use of company?Trading companyTrading on the Stock ExchangeRaising capitalMarketing and researchCommercial representative office
Legally tax exempt if properly structured?NoNoNoNoNo
Corporate bank account location?Credit AgricoleRaiffeisen Bank AvalPrivat BankAlfa BankSberbank
Client must travel to Ukraine?NoNoNoNoNo
Can secure trade finance?YesYesYesNoYes
Limited liability entity?YesYesYesNoNo
VAT payable on sales to local customers20%20%20%0%20%
Withholding tax on payments to overseas shareholders?15%15%15%15%15%
Average total engagement costs?US$8,800US$9,500US$9,500US$8,800US$8,800
Average total engagement period?3 months6 months6 months6 months6 months
Accounting and tax considerationsTax resident LLCPrivate JSCPublic JSCRepresentative officeBranch of a foreign company
Statutory corporation tax payable?18%18%18%0%18%
Must file an annual Ukrainian tax return?YesYesYesYesYes
Effective corporation tax rate on net profits of US$ 250,00018%18%18%0%18%
Must file annual financial statements?YesYesYesYesYes
Investment income is legally tax exempt in Ukraine?NoNoNoNoNo
Access to double taxation treaties?YesNoYesNoNo
This entity enjoys Government incentives?YesYesYesNoYes
Monthly VAT reporting to the Government?YesYesYesNoYes
Legally tax exempt entity?NoNoNoNoNo
Dividends received are legally tax exempt?NoNoNoNoNo
Company registrationTax resident LLCPrivate JSCPublic JSCRepresentative officeBranch of a foreign company
Ukrainian resident director\partner\manager required?YesYesYesYesYes
Minimum number of shareholders\partners?111Parent companyParent company
Minimum number of directors/managers?11111
Minimum paid up share capital?US$1US$59,741US$59,741US$0US$0
Shelf companies available?YesYesYesNoNo
Time to incorporate a new entity?1 week1 week2 weeks1 week1 week
Can easily convert to a local PLC company?YesYesYesNoNo
Can have preference shareholders?YesYesYesNoNo
Business considerationsTax resident LLCPrivate JSCPublic JSCRepresentative officeBranch of a foreign company
Can invoice local customers?YesYesYesNoYes
Can hire local staff?YesYesYesYesYes
Can rent local office space?YesYesYesYesYes
This entity can secure a residence visa for business owner?YesYesYesYesNo
Good entity for trademark registration?YesYesYesNoNo
Other useful informationTax resident LLCPrivate JSCPublic JSCRepresentative officeBranch of a foreign company

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

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