LLC Registration in Ukraine

Registration fee is from 200 €

Registration period — 1 week

Minimum authorized capital - not legally established

Remote opening — yes

Financial statements — Yes

A limited liability company is the most common and most versatile organizational and legal form of a legal entity in Ukraine. This organizational and legal form of conducting business activity has proven itself well thanks to its reliability, ease of doing business, and the possibility of flexible regulation of relationships between partners. Given the significant legislative changes in Ukraine in recent years and the introduction of many modern corporate mechanisms, the limited liability company has become a convenient form for building business structures and settling relations between participants.

Registering an LLC in Ukraine, quickly and without bureaucratic barriers

Unlike many foreign jurisdictions, registering an LLC in Ukraine does not require the contribution of charter capital before state registration. Depending on the registration method and specific circumstances, the founding documents can be drawn up without the founders' personal visit to state authorities, including through an authorized representative. This makes the Ukrainian LLC a convenient form for doing business and allows the registration process to be organized remotely.

Ukrainian legislation also provides the opportunity to regulate relations between LLC participants through a corporate agreement, which allows for defining special conditions for exercising corporate rights and interaction between participants. Such a tool provides additional flexibility in building a business structure and settling relations between partners. 

Registering an LLC in Ukraine for foreign investors

Ukraine has held EU candidate status since 2022 and is pursuing the process of European integration, which creates long-term prospects for the further convergence of Ukrainian legislation and business environment with the EU market. Foreigners can own 100% of a Ukrainian LLC, without the need to involve a local partner, unless the legislation establishes special restrictions for a specific type of activity.

  • For technology businesses, the Diia.City regime is of particular interest, a special legal and tax regime for IT companies. Diia.City residents can choose a special profit taxation regime at a rate of 9% on transactions defined by the Tax Code of Ukraine, instead of the standard corporate income tax rate of 18%.

  • For specialists who are Diia.City residents, provided the requirements established by legislation are met, a personal income tax rate of 5% may apply. The Diia.City regime also provides for stability of the legal and tax regime for the period established by legislation.

Maira Consult helps foreign investors register an LLC in Ukraine and, if necessary, supports the process of obtaining Diia.City resident status for IT companies.

Thus, an LLC can be used both for active business activity, holding and protecting assets, and for effectively regulating relations between partners.

Ukraine advantages

1

Low costs of company maintenance

2

High level of data transparency and openness

3

Fast company registration process

4

Availability of flexible legal mechanisms for regulating relationships between business partners and building reliable corporate structures (corporate agreements, shareholder agreements, preemptive rights, etc.)

5

High level of electronic document flow with government authorities and counterparties when doing business (the ability to remotely prepare and submit reports, and exchange documents)

General Information

Registration Features

An important feature of an LLC is that the company's participants bear the risk of losses related to the company's activities only within the value of their contributions to the charter capital, which guarantees the participant's financial security regardless of the company's performance results.

Company Name

The name of a Ukrainian company must include its organizational and legal form as well as its proper name. A company's name may not be identical to the name of another existing legal entity. There are also certain restrictions on the use of specific words and abbreviations in a company's name (relating to specific types of organizations, for example the words "bank," "insurance company," etc.).

Authorized Capital

There are no requirements for a minimum charter capital amount for an LLC. The charter capital can be formed using either cash or property and property rights. The charter capital must be fully formed within 6 months of the date of the LLC's registration in Ukraine, although the company's charter may also establish a different period.

Director

The director of an LLC may be a citizen of Ukraine or a foreigner. To employ a foreign director in Ukraine, it is necessary to obtain a permit for the employment of foreign nationals in accordance with the legislation.

Shareholders

The founders of a limited liability company can be both individuals and legal entities, regardless of their residency status. At present, the number of LLC participants is not subject to any restrictions.

Financial Reporting

An LLC is required to maintain accounting records and prepare financial statements. The frequency and composition of the financial statements depend on the category of the enterprise and the applicable taxation regime.

Taxation

The corporate income tax (profit tax) rate is 18%.

For legal entities that meet the requirements of the simplified taxation system, the single tax of Group III may apply: 5% of income without VAT payment, or 3% of income if VAT is paid.

The standard VAT rate is 20% (other rates may apply depending on the type of activity).

Confidentiality

Basic information about a company is contained in the Unified State Register of Legal Entities, which is publicly accessible.

Information about the company's address, types of activity, director, participants, and beneficiaries is publicly available.

Stages of company registration

01

Choosing the name and form of the company

To register a limited liability company (TzOV) in Ukraine, the company name must first be checked in the Unified State Register of Legal Entities. The name of the TzOV must be unique and must not coincide with the names of other registered companies.

02

Preparation and collection of documents

Each participant of the company must provide a full package of KYC documents (passport and tax number), and for foreign individuals, obtaining a Ukrainian tax number is mandatory. If the participant is a non-resident legal entity, the company's corporate documents must be prepared with legalization or apostille. Information about the beneficial owner, together with their passport, must also be provided.

03

Identification of company participants

At this stage, each of the company's participants is verified by a notary, and the company's corporate documents and the decision on the company's establishment are signed and certified. These actions may be carried out by representatives of the participants, acting on the basis of powers of attorney issued by the participants.

04

Formation of the share capital (if necessary)

The charter capital of the LLC must be paid within 6 months of the date of state registration of the LLC in Ukraine, unless a different term is agreed upon by the company's participants.

05

Company registration

Registration of the LLC in Ukraine is carried out after all necessary documents are submitted to the state registrar, who enters the company's data into the Unified State Register of Legal Entities, Individual Entrepreneurs, and Public Associations of Ukraine. Upon completion of registration, the company is automatically registered with the tax authorities, social funds, and the Pension Fund of Ukraine.

06

Receiving of corporate documents

After the LLC is registered in Ukraine and registered with the state authorities, the Ukrainian company receives an extract from the Unified State Register of Legal Entities, Individual Entrepreneurs, and Public Formations of Ukraine, which contains the main information about the company, and the LLC's charter (electronic access to the charter may be available on the official web portal of the Ministry of Justice).

07

Legalization of documents (if necessary)

If necessary, in order to use the company's documents abroad (opening a bank account with a foreign bank, etc.), the company's corporate documents may be legalized (apostilled).

08

Delivery of corporate documents

The originals of the TzOV's corporate documents are handed over or sent to the client at the address specified by them.

Answers to the Most Common Questions:

A Limited Liability Company (LLC) in Ukraine is a legal organizational and legal form of a legal entity in which the participants are liable for the company's obligations within the limits of their contributions to the charter capital. An LLC is the most common form of doing business in Ukraine.
An LLC is established to conduct entrepreneurial activity with limited liability of its participants, which ensures the protection of their personal assets. This form makes it possible to flexibly regulate internal relations between participants and to attract investment.
An LLC is suitable for entrepreneurs planning to run a small or medium-sized business who wish to limit their liability to their contribution to the charter capital and to have the ability to manage the company flexibly.
An LLC is chosen for the simplicity of registration, flexibility in management, the ability to attract investors, and the limited liability of its participants. There are also no requirements for a minimum charter capital amount.
To register an LLC in Ukraine, it is necessary to: choose a unique name, determine a legal address, prepare the charter, form the charter capital, appoint a director, and submit documents to the state register.
The cost of registering an LLC in Ukraine starts from 200 euros, including document preparation and state fees.
Registering an LLC in Ukraine takes about one week from the moment all required documents are submitted.
An LLC can be established by one or several founders; the minimum number of participants is one.
An LLC in Ukraine pays corporate income tax at a rate of 18%. Small businesses can apply a simplified taxation system with a rate of 5% of turnover. The standard VAT rate is 20%.
If an LLC does not carry out taxable transactions and does not generate profit, income tax generally does not arise. At the same time, the company must fulfill its established obligations regarding accounting, financial and tax reporting, and must pay taxes and contributions whenever the relevant grounds for them arise.
To open an LLC, the following are required: a unique name, a legal address, a charter, charter capital, a director, and registration in the state register.
The income of an LLC belongs to the company itself. Profit is distributed among the participants according to their shares in the charter capital, unless otherwise provided by the charter.
An LLC must have a director position, who carries out the day-to-day management of the company's activities. The appointment of other officers depends on the company's structure and needs.

Our Contacts

Phone

+380 97 527-66-30

Client Relations Department

+380 73 427-66-30

Address

Kyiv, 01054, Ukraine,

40B Ivan Franko St., office 207

Legal information

MAIRA LLC

EDRPOU code: 38202700

Jurisdiction: Ukraine

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