Contacts
Ukraine, Lviv, Vodoginna str. 2/407
tel. +38 (032) 243-08-01
tel/fax: +38 (032) 242-41-01
tel. mobile: +38 050-317-60-01
e-mail: info@mcg-lv.com
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Opening of enterprise is in Ukraine
Nonresidents have a right to carry out entrepreneurial activity in the territory of Ukraine in the following forms:
- Natural Person – Entrepreneur;
- Private Enterprise;
- Limited Liability Company;
- Joint-Stock Company;
- Foreign Representative.
The most widespread legal form of business activity is the form of Limited Liability Company:
As per the article 50 of the Law of Ukraine On Business Partnerships: "Limited Liability Company is a legal form of business company which has an authorized capital divided into shares, the amount of each share is determined by the instruments of incorporation. The maximum number of members of a limited liability company can reach 10 persons. Members of a limited liability company bear responsibility within the limits of their contributions".
Both natural persons and legal entities can be incorporators of LLC.
Limited Liability Company establishes an authorized capital, the amount of which must be equal at least to 1 minimum wages, basing on a minimum wage rate effective at the moment of limited liability company establishment. Since 01.07.2010 a minimum wage amounts UAH 888.00, accordingly authorized capital of LLC should be equal at least to UAH 888.00
Incorporator must pay in at least 50% of its contribution to authorized capital prior to the moment of state registration of LLC, the rest 50% of authorized capital shall be paid in within one year of LLC performance.
Authorized capital can be formed from both monetary assets and property.
Taxation:
There are two varieties of taxation system applied in Ukraine: general and simplified taxation system:
General taxation system includes income tax (25 %), VAT (20 %), social fund and pension contributions, local tax payment. Each tax is payable separately.
Simplified taxation system combines all the above mentioned taxes into one general tax. Tax rates are as follows:
6 % of the volume of receipts, except for excise duty, and with VAT payable additionally;
10 % of the volume of receipts, except for excise duty, but with VAT included into the overall single tax amount.
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