Limited Liability Company in Ukraine
The limited liability company (OOO) is considered one of the most popular forms for carrying out a full-fledged business In Ukraine. When establishing enterprises, both residents and non-residents, as a rule, choose the organizational and legal form – a limited liability company. A limited liability company is a business company established by one or more persons, the authorized capital of which is divided into shares of the size determined by the constituent documents.
LLC registration procedure
Stage 1 - information
- choose the name of the LLC. Your company name should not be the same as the name of existing companies.
- determine the address of registration of the LLC (legal address). Our company can offer you a reliable legal address.
- determine the size of the authorized capital and the procedure for its formation. The legislation does not establish the minimum and maximum size of the authorized capital, thus, the authorized capital can be from 1 UAH.
- select the types of activities of the company
- decide on the director and chief accountant (if any). To register an LLC, you need a Ukrainian director (or a person with the right of permanent residence in Ukraine).
- to determine the taxation system.
- define communication contacts.
Stage 2 - preparatory
- prepare and sign the Minutes of the meeting of founders
- prepare and sign the Articles of Association of the company.
- sign a notarized power of attorney for registration of LLC, if you decide to entrust the registration to a third party.
- fill out and sign the registration application.
Stage 3 - registration
- submit to the state registrar a completed Application for state registration of the creation of a legal entity, the Protocol, the Charter (not submitted if you decide to work on a model charter), a notated copy of the power of attorney (if submitted by a representative). Also, at this stage, you can submit an application for choosing a simplified taxation system (Single tax), or registering as a VAT payer
- order a seal with company details (company name, EDRPOU code, and city of registration);
- submit documents to the fiscal service (tax).
The authorized capital of LLC
The authorized capital of a limited liability company consists of the contributions of its members. A contribution to the authorized capital can be money, securities, other things, property, or other alienated rights that have a monetary value. According to the current legislation, to date, all restrictions on the minimum amount of the authorized capital have been removed, it can even be 1 hryvnia.
Moreover, the declared authorized capital can be contributed within one financial year.
The constituent document of a limited liability company is the charter. The charter is the most important document, since it is he who largely regulates the procedure for the operation of the enterprise, regulates relationships both within the company and in cooperation with clients, partners, contractors.
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We provide LLC company registration solutions in Ukraine, our specialists have extensive experience and knowledge about LLC companies in Ukraine. With us, the process of opening a LLC will not be burdened with a lot of paperwork. Register an LLC in Ukraine with our professional assistance.
Timeline
The period of registering an LLC 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, the State Register of Ukraine charges 170 UAH (5 EUR) for the consideration of documents, and 51 UAH (1.50 EUR) for any registering changes in the company.
Compulsory regulation
Both individuals and legal entities can be members of such a society. An LLC can be created by one person who becomes its sole member. The maximum number of members of a limited liability company in Ukraine can reach 100 people. If this number is exceeded, the LLC is subject to transformation into a joint-stock company within one year, and after this period – liquidation in court, if the number of its participants does not decrease to the established limit.
Documents
You should provide the list of the following documents:
- Passport
- Proof of address
- Legal address approval
- Name reservation application
- Articles of Organization
- The Ukraine Trade and Companies Register registration number
Consultation about Limited Liability Company registration
Our consultation services for the registration of Limited Liability Companies in Ukraine are aimed at helping you navigate the process of setting up your business. Our team of advisors will assist you with all the necessary steps, from preparing the initial paperwork to obtaining required permits and registrations. We offer tailored advice on legal obligations, share capital, and corporate structure to support you in making well-informed decisions that are in line with your business objectives.
Ownership management
Overseeing the ownership of a Limited Liability Company can be challenging yet vital. Our offerings encompass processing alterations in ownership, supervising beneficial owners, and facilitating ownership transfers. We guarantee thorough documentation and compliance with current regulations for all ownership adjustments.
Corporate structure changes
As your company grows, your corporate organization may also need to evolve. If you require changes in leadership, updates in nominee details, or modifications to the structure, we offer full services to help these transitions happen seamlessly and effectively.
Share capital management
Proper management of share capital is essential for the financial well-being of your company. Our services can assist you in raising, lowering, selling, and transferring share capital with precision and compliance with legal regulations.
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