Publication date: 26.06.2024
The procedure for closing a sole proprietorship in Ukraine
Closing a sole proprietorship in Ukraine involves several important steps that need to be taken to officially terminate the business. Below are the main stages of this process.
Step 1: Submitting an application for termination of activities
Preparation of the application:
- Fill out an application for state registration of the termination of business activity of an individual entrepreneur (Form 12).
Submitting an application:
- Apply in person to the Administrative Service Center (ASC) or submit an application through the Diia electronic service.
- For personal filing, you must have your passport and tax identification number (TIN) with you.
Step 2: Receiving confirmation
After submitting the application, the registrar checks the documents and enters information about the termination of entrepreneurial activity into the Unified State Register (USR). You will receive a confirmation of the termination of the sole proprietorship.
Step 3: Deregistration with the tax service
Submission of liquidation reports:
- Submit liquidation tax returns to the State Tax Service (STS).
- This may include filing an income tax return, reporting on unified social tax (UST) and other taxes, if applicable.
Conducting an audit:
- The State Tax Service may appoint an audit to confirm that there are no debts to the budget.
- After the check, you will receive a certificate of no debts.
Step 4: Closing bank accounts
Submitting an application to the bank:
- Contact the bank where your account is opened and submit an application for account closure.
- Provide the bank with proof of termination of business activity.
Fulfillment of obligations:
- Pay off all debts and fulfill your financial obligations to the bank.
Step 5: Closing registration in social insurance funds
- Deregistration:
- Contact the social insurance funds (if you were registered) for deregistration.
- Submit the necessary documents and reports.
Step 6: Other actions
Elimination of liabilities to counterparties:
- Fulfill all financial obligations to counterparties, if any.
- Close all open contracts and agreements.
Document storage:
- Keep all documents related to business activities for the period prescribed by law (usually 3 years).
Closing a sole proprietorship in Ukraine involves several important steps and requires certain documents. Below is a detailed list of the necessary actions and documents to terminate the sole proprietorship.
Step 1: Filing an application for termination of business activity
Actions:
- Prepare an application for state registration of the termination of business activity of an individual entrepreneur (Form 12).
- Submit an application in person to the Administrative Service Center (ASC) or through the Diia electronic service.
Required documents:
- Completed application (Form 12).
- Passport and identification number (TIN).
Step 2: Receiving confirmation
Actions:
- Wait for confirmation of the termination of the sole proprietorship from the registrar.
- The confirmation will be entered into the Unified State Register (USR).
Required documents:
- Confirmation of entry into the Unified State Register.
Step 3: Deregistration with the tax service
Actions:
- Submit liquidation tax returns to the State Tax Service (STS).
- Wait for the inspection (if necessary).
- Get a certificate of no debts.
Required documents:
- Liquidation tax return.
- Single social contribution (SSC) reporting.
- Other tax reports (if applicable).
- Certificate of no debts to the budget.
Step 4: Closing bank accounts
Actions:
- Submit an application to the bank to close the account.
- Fulfill all financial obligations to the bank.
Required documents:
- Confirmation of termination of business activity.
- Passport and identification number (TIN).
- Application for account closure.
Step 5: Closing registration in social insurance funds
Actions:
- Apply to the social insurance funds for deregistration.
- Submit the necessary documents and reports.
Required documents:
- Application for deregistration.
- Relevant reporting (if applicable).
Step 6: Fulfillment of other obligations
Actions:
- Fulfill all financial obligations to counterparties.
- Close all open contracts and agreements.
- Keep documents related to business activities for the period established by law (usually 3 years).
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Required documents:
- Contracts and agreements with counterparties.
- Documents confirming the fulfillment of obligations.
Conclusion.
Closing a sole proprietorship in Ukraine requires several important steps, each of which involves submitting certain documents. It is important to take all the necessary steps to officially terminate your business in order to avoid possible problems in the future. It is recommended to contact a lawyer or accountant to get professional advice and make sure that all the steps are completed correctly.
Closing a sole proprietorship in Ukraine is a procedure that involves several consecutive steps: filing an application for termination of activities, deregistration with the tax service, closing bank accounts and fulfilling other obligations. It is important to take all the necessary steps to officially terminate your business and avoid possible problems in the future. It is always a good idea to consult with a lawyer or accountant to make sure that all the steps are taken correctly.
