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Types of Companies
There is a wide range of options how one may establish business presence in Ukraine:
- Private entrepreneur;
- Private Enterprise;
- Limited Partnership;
- Limited Liability Company (LLC);
- Additional Liability Company;
- Public or Private Joint-Stock Company (PJSC or PrJSC);
- Joint Venture;
- Representative Office (RO).
When a foreign founder is concerned the most widespread forms for entering Ukrainian market are RO or LLC. If a foreign entity wants to buy existing business in Ukraine than either shares in LLC or PJSC may be considered or a Joint Venture may be formed.
Comparison of the most common legal entity types
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Representative Office |
Limited Liability Company |
Joint-Stock Company |
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Non-commercial |
Permanent (Commercial) |
Public |
Private |
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Legal Status |
No separate legal personality – office of the founding company; may only conduct activity of auxiliary and supportive character |
No separate legal personality – office of the founding company; may conduct all types of business activity (except obtaining certain licenses) |
Full legal personality; may conduct any business activity not prohibited in Ukraine |
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Charter Capital |
n/a |
According to the decision of the participants |
Minimum 1250 minimum salaries (till December 2015 – UAH 1 522 500, appx. USD 67,800) |
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Statutory documents |
Power of Attorney is the basis of powers for the Head of the RO; Regulation of the RO may be adopted by the founding company (but not obligatory for registration) |
Charter |
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Number of participants (shareholders, founders) |
Founding company |
Not more than 100 |
Any |
Not more than 100 |
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Registration |
Registration is made with the Ministry of Economy of Ukraine |
Primary registration is made with the local State Administration. |
Primary registration is made with the State Registration Department. JSC shares must be registered with the National Securities and Stock Market Commission |
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Management Body |
Head of the RO acting on the basis of the PoA |
Main decision-making body – General Meeting of Participants; Executive body - Director or Board of Directors |
Main decision-making body – General Meeting of Shareholders; Supervisory Board (obligatory if there are 10 and more shareholders); Executive body - Director or Board of Directors. |
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Legal address |
It is necessary to indicate the legal address of the company in Ukraine. For your convenience we offer registered address services for you. |
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Liability |
Founding company is liable for obligations of the RO |
Shareholders are not liable for obligations of the LLC or JSC |
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