Joint Stock Company in Ukraine
How to create a joint-stock company in Ukraine? The registration procedure is similar to a limited liability company (LLC), but there is one important nuance. At the end of the procedure, you will need to register the issue of shares, which will be distributed among the members of the JSC.
Joint Stock Company registration conditions
- preparatory stage: collecting a package of documents, holding a constituent assembly, deciding on the creation of a joint-stock company;
- application to the Local State Administration with a package of documents and receipts for payment of state duties, obtaining a certificate of state registration;
- contacting statistics authorities to obtain OKVED codes;
- registration of a certificate 4-OPP in the State Fiscal Service;
- creation of a company seal;
- registration with the Pension Fund, Social Insurance Fund, Health Insurance Fund;
- obtaining an extract (pull) from the Unified State Register of Enterprises and Organizations of Ukraine;
- registration of a current account;
- contacting the State Fiscal Service for registration as a VAT or UTII payer;
- registration of the issue of securities and the assignment of individual codes to them;
- submission of reporting documents on the issue.
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Timeline
The period of registering a JSC Company in Ukraine engagement is approximately 4 weeks. It is consisting of Engagement planning company incorporation, corporate bank account approval, corporate internet banking approval, engagement completion.
Fees
In 2020, for the consideration of documents, the State Register of Ukraine charges 170 UAH (5 EUR) and 51 UAH (1.50 EUR) for any registering changes in the company.
Compulsory regulation
Before opening a joint-stock company in Ukraine, it is also necessary to form an authorized capital. Its size is not less than 1250 minimum wages. By the time the organization’s state registration is completed, the founders are required to contribute at least 50% of their share. The Ukrainian legislation allows the formation of the authorized capital both in money and property (for example, real estate).
The founders of the JSC can be individuals, sole proprietorship, and organizations of various forms of ownership, including non-residents. Accordingly, different documents will be required. Individuals, including non-residents, will need to provide copies of their passports (foreigners – with a work visa), as well as identification codes. If an individual entrepreneur is among the founders, then he will need to attach a certificate of state registration.
Documents
You should provide the list of the following documents:
- Passport
- certificate of state registration;
- minutes of the constituent assembly, at which the decision was made to join as a founder;
- confirmation of the authority of the person who will represent the company as a founder (decision to appoint a person as a director, order, power of attorney);
- power of attorney of the representative who submits the documents;
Consultation about Joint Stock Company registration
Our consultation services for registering a Joint Stock Company aim to assist you in every aspect of setting up your business in Ukraine. Our experienced advisors will help you with all the paperwork, permits, and registrations needed for a seamless and effective process. We offer tailored advice on legal obligations, share capital, and corporate structure to help you make well-informed decisions that are in line with your business objectives.
Ownership management
Administering the ownership of a Joint Stock Company is a complex yet important responsibility. Our services involve managing ownership changes, overseeing beneficial owners, and supervising ownership transfers. We guarantee that all ownership modifications are appropriately recorded and adhere to the most recent regulations.
Corporate structure changes
As your business grows, the structure of your company may also need to change. If you need to switch directors, update nominee details, or make other structural modifications, we offer full services to help make these transitions seamless and effective.
Share capital management
Properly managing the share capital is crucial for the financial well-being of your company. Our services can assist you in enhancing, diminishing, selling, and transferring share capital, guaranteeing that all dealings are executed correctly and in compliance with legal regulations.
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