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Business registration in Ukraine: important aspects and current legislation

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Миколаєнко Олена
Lawyer
Ukraine / Kyiv
Миколаєнко Олена

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Publication date: 11.04.2024

Lawyer with 15 years of legal experience, specialization: family and civil law, inheritance, contract law, criminal cases, administrative cases, cases involving foreigners, migration law


 

Starting a business is an important step for many entrepreneurs in Ukraine. However, before you can start operating, you need to go through the registration procedure, which is regulated by the current legislation. Registration of a business in Ukraine is mandatory for all business entities, regardless of their form of ownership and type of activity.

Both individual entrepreneurs and legal entities may conduct business in Ukraine. Among the types of legal entities available in Ukraine, a limited liability company (LLC) is the most common. The choice of legal form depends on the individual's preference and many other factors.

It should also be noted that the law may set requirements for the legal form of a company for certain types of activities.

The main legislative acts regulating the business registration procedure in Ukraine are the Civil Code of Ukraine and the Law of Ukraine "On State Registration of Legal Entities, Individual Entrepreneurs and Public Organisations". According to these laws, business registration is carried out through state registration authorities, and the process consists of several stages.

Registration of a sole proprietorship does not require extensive preparation for registration, as a sole proprietor only needs to have a passport, a taxpayer registration number and a completed application for registration.

At the same time, registration of a legal entity is much more complicated and requires a whole package of documents, such as an application for registration, a decision on establishment, a charter, etc.

To ensure successful and proper business registration, to have own business  you should seek the services of a lawyer. A lawyer ensures that all the necessary documents for business registration are drawn up and executed in accordance with the requirements of the law, and a business lawyer is also needed to provide legal support and protection of the business in the future. He/she makes every effort to ensure that all documents are drawn up correctly and comply with the requirements of the applicable law. The lawyer also acts as a representative of the client's interests before the relevant state authorities and institutions that register businesses.

The registration of a legal entity can be divided into several stages:

The first stage is to choose the form of ownership and the name of the company. The name must be unique and comply with the law. Next, you should prepare the necessary documentation, which may include statutory documents, a memorandum of association, copies of passports of the shareholders, etc.

The second step is to submit an application for state registration to the relevant authority. The application must contain information about the company's founders, type of activity, location and other mandatory data. It is important to comply with all legal requirements for the successful completion of the procedure.

The third stage is obtaining a state registration certificate. After submitting an application and the required documents, the state registration authority conducts an inspection and registers the company. Upon completion of the procedure, a certificate confirming the company's legal capacity is issued.

After successful business registration, it is advisable to use the services of a lawyer to provide legal support to the company.

It is important to note that registration of a sole proprietorship in Ukraine is possible online, without the participation of a state registrar.

Registering a business in Ukraine can be a complex and sometimes time-consuming procedure. Therefore, in order to successfully complete the procedure, it is recommended to contact professional lawyers or business consultants who will help you avoid mistakes and quickly complete all stages of registration.
To sum up, business registration in Ukraine is an important step for the development of entrepreneurial activity. It is regulated by the current legislation and involves several mandatory stages. Compliance with all the requirements and rules will allow you to successfully register your business and start working legally.

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