Small business setup in Ukraine
Ukraine offers a favorable environment for small businesses with abundant opportunities in emerging markets, competitive cost of living, and a skilled workforce in IT, agriculture, and manufacturing. We specialize in supporting both start-up and expanding small businesses and have a thorough understanding of the regional market and expertise in company formation. We can help you navigate the necessary documentation and processes to launch your small enterprise in Ukraine. Let’s talk about the benefits of starting a small business in Ukraine and how our specialized solutions can help facilitate your success.
Formalities and procedure
Registering a small business in Ukraine requires going through a series of steps that can be finished within a few weeks.
Choose a business name
The name of the business must be one-of-a-kind and not currently being used. You can verify if a name is available by visiting the website of the Ukraine Trade Registry.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your small business. To assist you in making a knowledgeable choice that fits your particular needs and future goals, we offer expert advice on Limited Liability Company (LLC), Joint Stock Company (JSC), Branch Office, Holding Company.
Set up legal address
Holding a legal address is crucial at the beginning of a business, as it acts as the primary point of contact for government agencies, legal authorities, and important business correspondence. Selecting a legal address that complies with local regulations and meets your business needs is crucial.
Get the necessary paperwork ready
Our team of professionals will assist you in developing accurate and comprehensive documentation tailored to your company’s specific structure and objectives. We ensure compliance with all legal requirements and will manage the filing procedures on your behalf.
Open a bank account
Setting up a corporate bank account is necessary for starting businesses in Ukraine. We are here to guide you through this procedure, making sure you adhere to the rules and supporting you in opening an account with a respected financial organization in Ukraine for your small business operations.
Company registration
We take care of registering your small business with authorities such as the Trade and Companies Register and tax authorities, taking away the administrative stress from you. This ensures that your small business is officially recognized and compliant from the beginning.
Setup accounting
In order to start a small business successfully, keeping precise financial records is crucial. Our group of accounting professionals can assist in creating efficient accounting and bookkeeping procedures that adhere to the regulations of Ukraine.
Small business examples
Small-sized businesses function in various industries and sectors, each with unique requirements. Presented below are examples of small-sized businesses:
- Business support: Smaller consultancies, individual service providers
- DIY retail: Locally-owned hardware shops, small home improvement stores
- Education: Tutoring services, small language schools, independent trainers
- Farming: Smaller, family-run farms
- Fitness: Individual trainers, small local gyms or studios
- Food and beverage retail: Independent grocery stores, coffee shops, bakeries
- Hotels and motels: Smaller, independent hotels or motels
- Laboratory: Smaller independent testing labs
- Marketing: Freelance marketers, small local agencies
- Media: Independent content creators, niche publications, small production companies
- Printing: Small local print shops
- Real-estate: Individual realtors, very small brokerage firms
- Restaurant: Independent, non-chain restaurants
Benefits of establishing a small business in Ukraine
Small businesses have many reasons to consider Ukraine as a prime location for starting up.
Strategic location
Ukraine has a lot of potential as an emerging market, offering competitive living costs and a skilled workforce in key industries like IT, agriculture, and manufacturing. Despite facing challenges, Ukraine provides access to European and Asian markets, as well as incentives for foreign investors and a thriving startup environment, making it an appealing choice for businesses wanting to take advantage of its opportunities.
Favorable tax regime
The corporate income tax rate in Ukraine is 18%. The country is making efforts to enhance the business climate, with some regions providing extra incentives. Ukraine’s position between Europe and Asia is key.
Banking
The banking sector of Ukraine is currently going through reforms, creating possibilities for development and investment. The emphasis is on modernizing, improving efficiency, and broadening financial services in the changing economic environment.
Our small business setup solutions
We understand the value of your time and resources. This is why we offer two convenient choices to make the process of starting a company easier.
Business formation online
By utilizing the online platform offered by Ukraine, individuals from any location can start and finalize the process of setting up a business. The feature to track advancement, upload necessary paperwork, and access our services via secure digital platforms guarantees a seamless and easy process.
Business formation remotely
If you would like a less involved role, we are able to manage all the necessary documentation on your behalf. Our experienced team will handle all the required paperwork and communicate with the appropriate authorities to ensure your peace of mind.
Contact us today and launch your small business success
Contact us today to schedule a consultation and begin pursuing your business goals. We can embark on this journey together starting with the first step.