East West Introductions
Your Australian connection in Kiev
Office Services
Company Services
Company Registration
Legal Service
Property Management
Thawte Security
Employment
Contact Us
Partners
Kiev
Shipping
Company and
Business Registration
Private Entrepreneur
The simplest form of business registration in Ukraine is as a Private Entrepreneur. The individual is registered to run a business (or several businesses) according to their application, and is separately registered to pay tax.
Foreign Representative Office
A foreign company can open a representative office in Ukraine.
This representative office acts as a branch office, and is not incorporated in Ukraine, but acts on behalf of the parent company. Consult a taxation specialist to determine whether your country has a 'double taxation' treaty with Ukraine.
Certain property used by the representative office in its operations in Ukraine may be imported to Ukraine temporarily without payment of customs duty. This does not apply to consumible goods. The personal effects of foreign staff may also be imported without payment of customs duty.
Joint Venture (JV)
A joint venture may be a company, which is a separate legal entity, or an unincorporated entity.The forms of business representation most commonly used by foreign investors in Ukraine are joint stock companies, limited liability companies and representative offices. Other less common types of legal entities available under Ukrainian legislation include various types of partnerships.
Joint stock companies
There are two types of joint stock company. The first is a Closed Joint Stock Company, and the other is an Open Joint Stock Company.
The difference is that shares in a closed joint stock company can only be owned by the original members. The shares in an open joint stock company can be traded publicly (e.g. on the Stock Exchange).
A joint stock company is a legal entity whose capital is divided into a specified number of shares and which must have at least two shareholders. The assets of a joint stock company are owned by the company. It is possible to change a closed joint stock company into an open joint stock company.
Limited Liability Companies
A limited liability company is owned by the founding members (at least two) does not have shares in the usual sense. These members own a percentage of the company's capital, the percentage of ownership according to a written agreement of the founding members.