Company Formation Ukraine.com assists investors with all the essential steps for company registration in Ukraine.
| Quick Facts | |
|---|---|
| Complete company formation assistance | Yes |
| Company incorporation packages prices | One-off fee of 1,050 USD for the standard registration package. Other packages are also available, subject to additional costs. |
| Minimum share capital for LTD company and paid-in requirement (YES/NO) | No mandatory requirement |
| Minimum number of shareholders for limited company | 1 |
| Time frame for the incorporation | Approximately 7 days |
| Local bank account for the company | Mandatory |
| Corporate tax rate | 18%. Higher rates apply in selected business sectors |
| Dividend tax rate | 15% withholding tax on dividend payments to nonresidents |
| VAT Rate | 20% standard rate; 0%/7%/14% reduced rates |
| Do you supply a registered address/ virtual office? | Yes |
| Local director required | No, however, foreign nationals need to have a temporary residence permit. |
| Virtual office | Packages available, detailed upon request |
| Is accounting/ annual return required? | Yes |
| Foreign ownership allowed | Yes |
What types of companies can I open in Ukraine?
Entrepreneurs can choose one of the following business forms:
- Public joint-stock company: it has unlimited shareholders, can list its stocks on the market, and it is subject to more complex accounting and reporting rules;
- Private joint-stock company: it can distribute the shares only among the founders, it can have various numbers of shares, and allow shareholders to have different rights;
- Limited liability company: like for the private joint-stock company, the transfer of shares is limited; however, an important advantage is that the reporting requirements are lighter for this business form;
- Branch and representative office: the branch is an extension of a foreign company with no legal identity, and the representative office can be used only for limited, marketing purposes.
The private joint-stock company and the limited liability company are the two most commonly used business forms.
We invite you to watch a short video about company formation in Ukraine:
What are the steps for setting up my company in Ukraine?
The standard company formation process is suitable for investors who can travel to Ukraine during the incorporation stage. For international investors opting for this, the steps are the following:
- Our company incorporation agents start the registration process using the electronic documents sent by the company founder (this means that the foreign national will be listed in the company’s documents as the Director from the very beginning);
- The foreign investor travels to Ukraine to sign the bank account opening documents (usually with a bank branch in Kyiv);
- Our team assists you with making any other required registrations, such as opening a personal bank account, should this be a requirement.
Can you start a company in Ukraine remotely?
Yes. Our team can assist you with a service for a fully remote company setup. In this case, the initial company director included in the company’s incorporation documents will be temporarily assigned.
For investors who cannot travel to Ukraine during the initial incorporation phase, our remote setup package includes the following:
- Company registration with the authorities using a nominee director (a temporarily assigned one);
- Bank account opening in the name of the nominee;
- Fast trading, as soon as the company is registered and operational (with the company’s director still being a nominee).
As soon as the foreign owner can travel to Ukraine, our team prepares the documents for the legal transfer of the business. This means that the directorship will be changed and that the banking details will also be modified.
What documents are required to register a company in Ukraine?
The registration documents necessary for company incorporation in Ukraine consist of the following:
- two copies of the application form;
- copies of the company’s charter or articles of association;
- the minutes of the meeting where the decision of incorporation was taken;
- bank certificate related to the payment of registration fee and depositing the share capital.
How much does a company formation package cost in Ukraine?
The overall costs to open a company in Ukraine depend on the type of package. The standard incorporation has a lower price compared to the remote company setup. Our team details some of these costs below:
- Standard incorporation: the one-off fee is USD 1,050. This option includes the standard legal fees, and the founder is not subject to an extra charge for the banking assistance offered by our team (during the setup stage, when they personally come to Ukraine and open a bank account with the assistance provided by one of our agents);
- Remote setup: to the one-off fee of USD 1,050 for company registration, an additional cost of USD 1,000 is applied for the nominee director service. Additional monthly maintenance fees of USD 250 are in place for each month in which the nominee remains the director of the company.
Please note that the company formation steps may include other costs.
We invite you to contact our team for more information on the steps required to set up a company in Ukraine and how we can assist you.