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Publication date: 08.05.2024
Lawyer with 15 years of legal experience, specialization: family and civil law, inheritance, contract law, criminal cases, administrative cases, cases involving foreigners, migration law
Registration as an individual entrepreneur (IE) in Ukraine is the first and mandatory step for those wishing to start their own business. This process allows a person to become an entrepreneur and start doing business in accordance with the rules established by law. In this article, we will review the main stages and requirements for registering a sole proprietorship in Ukraine.
Stages of registration of a sole proprietorship
Choosing the form of taxation: The first step in registering a sole proprietorship is to choose the form of taxation. Ukrainian legislation provides for several forms of taxation, such as the simplified taxation system (STS), the single tax, the patent system, etc. Each of these forms has its own advantages and limitations, so it is important to choose the one that best suits your business.
Preparation of documents: After choosing the form of taxation, you need to prepare the necessary package of documents for submission to the registration authority. This includes a passport, identification code, copies of educational documents, certificates of professional training, and documents confirming the right to use the premises for business activities.
Submission of documents to the registration authority: Once the documents are prepared, they must be submitted to the relevant registration authority. This may usually be the registration department of the State Tax Service.
Obtaining a registration certificate: After submitting the documents and having them checked by the registration authority, you will be issued a certificate of registration of a sole proprietorship. This is a document that confirms your status as an entrepreneur and allows you to start doing business.
Requirements for registering as a sole proprietor
Legal age: According to Ukrainian law, a person can be registered as a sole proprietor only if he or she is of legal age.
Citizenship or right to reside in Ukraine: Only citizens of Ukraine or persons with the right to reside in Ukraine can be registered as sole proprietors.
No restrictions on rights: A person must not have any restrictions on their rights to be registered as a sole proprietor. For example, they cannot be restricted in the right to sign documents or manage their property.
No bankruptcy: A person cannot be registered as a sole proprietor in case of bankruptcy or in case of discharge from bankruptcy, with restrictions on the right to engage in entrepreneurial activity.
Legal support for registration of a sole proprietorship
Involving a qualified lawyer or attorney in the process of registering a sole proprietorship can be extremely beneficial. A lawyer with an understanding of the law and practical experience will be able to help you avoid potential mistakes that may arise when drafting documents and submitting them to the registration authorities.
A qualified lawyer will also be able to provide advice on choosing the optimal form of taxation, organising accounting, and provide legal support at all stages of the registration procedure. He or she will help you understand all aspects of the legislation relating to business activities and provide you with the necessary legal guarantees during the registration process.
Legal support can also increase the speed and efficiency of the registration process, as the lawyer already has experience working with registration authorities and knows all the nuances of submitting documents. The lawyer will also help with the following questions: company registration, business registration, company registration in Ukraine, small business registration business, registration services, registration of law firms, business registration online, and other.
It is difficult to overestimate the need for legal support during the registration of an individual entrepreneur. A qualified lawyer will ensure legal certainty and protection of your interests during this important process.
Registration as an individual entrepreneur in Ukraine is an important step for those who wish to start their own business. Compliance with the registration requirements and procedures is mandatory and will help you avoid any troubles in the future.
