When incorporating, you must look at the law in the country, in Ukraine is civil law law. You will want to get some local advice as to how to best structure a company in Ukraine. Electronic signatures are permitted.
The abbreviation UA is for Ukraine and the most common company type type in Ukraine is a LLC.
The average time to incorporate is 4 weeks to put together the paperwork and file a LLC in UA. The min share capitalization is 0, This means you don't have any minimum share capital. The types of cash you can use to capitalize your business is frequently UAH and any legal currency.
Yes, one is allowed to re-domicile a LLC from UA. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own a LLC in UA by yourself. Corporate Shareholders are encouraged, which means you can have a corporate shareholder. Foreign ownership is allowed, up to 10% of the ownership of the legal entity.
A legal entity is only required to have 1 director on the board. Speaking of shareholders, corporate directors are permitted. Directors should not have an expectation of privacy, as they are not kept private in Ukraine. There is a requirement to have annual meetings of shareholders.
A registered office is a requirement, whom the company will pay yearly, for an office which can receive any lawsuit papers on behalf of the registered legal entity. However, a company secretary is another cost you will need to incur.
There is an obligation to file yearly tax returns. On that note, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are not in effect.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Ukraine, Ukranian chamber of commerce and industry. Shareholders are not disclosed in the Ukranian chamber of commerce and industry.
Typically companies take 4 weeks to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Ukraine is a ok option and have given it a score of 46 as an IO score, using the Incorporations.IO proprietary formula.
4 weeksto form