Business registration in Ukraine

Foreign companies and corporations have the right to establish representative offices or representative branches in Ukraine. Ukrainian law prohibits, with the help of the office, to conduct economic activities. Representatives are used for the purpose of promoting goods and services. For example, the Toshiba representative office in Ukraine carries out advertising campaigns, monitoring the implementation of warranty and post-warranty services, conducting surveys and determining the needs of customers and negotiating and concluding agreements on behalf of the parent company. While the representative office has no right to directly import and/or sell goods. If you intend to conduct economic activities, registration of business in Ukraine is necessary.  To incorporate a branch office documents are submitted to the Department of Ministry of Economic Development and Trade of Ukraine. For the legislation of Ukraine, the representative office is not a legal entity...

In this article I would like to tell You about important nuance of company formation in Ukraine. Business registration in Ukraine needed to start commercial activity in this country. Company formation procedure are simple and well regulated. Companies law of Ukraine and Civil code of Ukraine regulates company registration process. Company can be registrated by one persone (private or a legal entity). Limited liability company is the most popular business company form. Any way, authorised capital is needed. It's minimum amount is 1 UAH. But You should consider that You will need to provide the necessary amount of authorized capital, as this resourse can be used immediately for business activity. If You plan to make a wholesale, investments or construction (any sphere where a certain amount of money is required) it is recommended to make the adequate amount of share capital. The authorized capital of ukrainian company must be paid by the participants within a year from the date ...