What is the Unified State Register of Enterprises and Organizations of Ukraine?
In many countries, including Ukraine, there are usually registries of enterprises maintained by the state or relevant authorities. The purpose of the Unified State Register of Enterprises and Organizations of Ukraine is generally to provide information about legal entities, their status, basic characteristics, and other important information that may be needed when interacting with them or evaluating these legal entities for potential cooperation. You can easily find a legal entity on a resource like the Unified State Register of Enterprises and Organizations of Ukraine (EDRPOU is required for this), as well as the name of the enterprise or its parts. The search criteria for an individual entrepreneur are different.
When is the Unified Register of Enterprises useful?
It can be useful for a variety of situations and parties, including:
Legal stability. Registering companies in the state register (sometimes also called the "state register of enterprises") can serve as a means of ensuring legal stability and identifying the enterprise.
Public information. Registries provide public access to basic information about companies, such as their names, types of activities, addresses, and contact information. Or you can also check the Unified Register of Enterprises for companies that are subject to proceedings to understand whether it is worth engaging with a specific company/firm. This can be useful for parties seeking contact with other companies or verifying their legitimacy.
Taxation and reporting. The state register can be used to keep track of taxpayers and ensure proper taxation and financial reporting. If there are any allegations regarding this point, the enterprise is entered into the Unified Register of Bankrupt Enterprises.
Property rights registration. In some cases, the enterprise registry may be associated with the registration of property rights for enterprise assets.
Activity monitoring. The enterprise registry can also be an important tool for monitoring economic activity and controlling enterprises within various legislative requirements.
Business process facilitation. Registration can streamline business processes, which is also one of the tasks of the Unified Register of Enterprises. This may include obtaining financial services, participating in economic tenders, and so on.
What is the difference between paid and free queries?
Surely, everyone interested in this topic knows that the Ministry of Justice provides both free and paid search options on a service like the Unified State Register of Enterprises. It's quite understandable that a free query contains much less information than a paid one. It is impossible to search by the following information: details of the founder, manager. This is the difference between paid and free searches defined by the Unified Register of Enterprises and Organizations. A free query also excludes the possibility of obtaining an extract or certificate and it's impossible to save the already formed information in electronic form, this is the limitation of the Unified Register of Enterprises. A free query also cancels the possibility to choose the status for which date to form. Overall, these are the drawbacks of a free search, it's up to your discretion. But for important matters, it's better to be safe and order a paid query.
