Monthly Archives: March 2012

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Ukrainian Limited Liability Company Easily Registered

Alexei

We are going to show you how easily the Ukrainian LLC can be set up. Please keep in mind that the work standards described below should be expected from any Ukrainian law firm, not just us. Such conduct leaves less space for the bureaucracy and ensures the company “birth” process is enjoyable. Should you choose to set Read More …

HSBC Report „The World in 2050“. Ukraine Ranks Number 40.

The economic growth of Ukraine is currently significantly reduced and the 2012 forecasts are on a low level. Despite this, HSBC predicts for Ukraine a bright future in the long run. In its recently published report „The World in 2050“, it assumes that Ukraine – irrespective of a negative demographic development – will jump 19 Read More …

Apostille

APOSTILLE Ukrainian authorities often have certain requirements to the documents and their legalization. One of that is Apostille. The Apostille treaty is an international treaty drafted by the Hague Conference on Private International Law. It specifies the modalities through which a document issued in one of the signatory countries can be certified for legal purposes in Read More …

Legal Status of a Representative Office in Ukraine

The Ukrainian Representative Office is legally entitled to evolve in commercial activities like any other legal entity. This situation is very different to the Russian strict practice. However, the RepOffice’s activities are very narrow. The scope of allowed business activities is defined prior to the registration. Should you choose to set up a Ukrainian Representative Read More …

VALUE ADDED TAX in Ukraine (since 2011)

Rules for the Ukrainian VAT. The principle of the Value Added Tax is handled by the Ukrainian tax authorities is basically the same as in the globalizing business world. VAT amounts to 20% and is applicable depending on the art of activities and the volume of particular business. VAT is reported monthly. Pursuant to the current Read More …

PROFIT TAXATION IN UKRAINE. 2012

PROFIT TAXATION IN UKRAINE There are two taxation systems applied for Ukrainian legal entities. For the practical reasons you are most likely to choose the common system also used by most local businesses. Representative offices of foreign companies do not have a choice, but pay taxes on the general basis. General Taxation System General corporate Read More …

Comparison of the Ukrainian Representative Office vs. the Limited Liability Company

Have a look at the list of advantages / disadvantages the Ukrainian LL.C. and the Representative Office have: ADVANTAGES LIMITED LIABILITY COMPANY: a) The state registration fee is much lower than that of representative office; b) Larger scope of activities is allowed to carry out simultaneously; c) LLC registration is to a certain extent adjusted Read More …