Open A Branch In Ukraine

Introduction to setting up a Ukrainian branch

The Ukraine is favourable to foreign investment and offers various incentives to encourage investors. Foreign companies looking to establish a branch in the Ukraine can benefit from the country’s skilled labour force, huge consumer market and geographical location as the trading bridge between Europe, Asia and Russia.

 

What are the formalities regarding Ukrainian branches?

  • A registered address
  • A copy of the parent company’s Certificate of Incorporation
  • A copy of Memorandum & Articles of Association of the parent company
  • A copy of the parent company’s Certificate of Good Standing
  • The appointment of a Ukrainian branch representative
  • If the directors of the branch are not Ukrainian citizens, work permits are required

These documents are required by the Ukrainian Ministry of Economy for registration of the branch.

All documents are required to be notarised, apostilled and translated into Ukrainian by an official translator.

 

What are the accounting requirements for a Ukrainian Branch?

If the branch is planning active economic activities it must register for tax with the Ukrainian State Tax Administration. The branch accounts must comply with Ukrainian legislation; VAT returns should be filed monthly and tax returns annually.

Corporate taxation for branches of foreign parents is the same as for domicile companies.

The parent company is required to appoint a qualified accountant and official auditor for the branch.

For further information on accountancy and tax rates in the Ukraine, please contact us.

 

What office facilities are available when registering a branch?

The following types of office are available in the Ukraine:

  • Registered offices –provide effective correspondence of the branch
  • Virtual offices – provide off-site communication facilities such as telephone, fax and mail forwarding
  • Serviced offices –  provide all necessary business services and are ready for immediate occupation

Branch formation packages

We will handle every aspect of the branch formation for you. Using our expert knowledge we can offer a branch formation package that organises services such as branch and VAT registration, so you can rely on us to set up your branch in an efficient and professional manner.

Our experience and expertise of all European formation requirements provides a range of branch formation packages that can also help you set up multiple branches. The benefits for establishing multiple branches include further increased exposure and new business, and we can manage the entire process from start to finish.

 

For further information please send an enquiry or contact us using the form below.

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The information and any commentary on the law contained on this website is provided for information and guidance purposes only. Every reasonable effort is made to make the information and commentary accurate and up to date, but no responsibility for its accuracy and correctness, or for any consequences of relying upon it is assumed by Open A European Company, its directors , employees or associated websites.

The information and commentary on Open A European Company’s site does not, and is not intended to amount to legal advice to any third party on a specific case or matter. You are strongly recommended to obtain specific, direct legal advice from professional advisers whether these be your own advisers or those that appear on the OpenAeuropeancompany.com site. You should consider taking advice both in the country in which you are domiciled and in the country in which you are seeking to open a company. and not to rely on the information or comments on this site.

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