How Much Does It Cost to Register a Company in Ukraine?
Briefly, the expenses for setting up a company in Ukraine (one founder):
Stage 1: Company Registration
- -Legal support for company registration – $300
- - Notarized translations (passport and power of attorney) – $90
- - Obtaining a tax ID number – $95
- - Nominee director services (2–3 months) – $400–600
- - Legal address rental (3 months at $40–100/month) – $120–300
- - Notary fees – $50–100
- - Company seal production (optional) – $15
- - Electronic digital signature (EDS) – $30
- - Custom charter drafting (if required) – $200
Total for Stage 1: $1300–1730
Stage 2: Opening a Bank Account
- - Legal support at the bank – $100
- - Deposit of minimum recommended Share capital ($500)*
Total for Stage 2 (excluding share capital): $100
(*Note: Share capital of $500 remains company-owned and will be used for future expenses.)
Stage 3: Obtaining a Work Permit
- - Legal assistance (document preparation and submission) – $300
- - State fee for work permit:
- - up to 6 months: $250
- - from 6 to 12 months: $375
- - from 1 to 3 years: $560
- - Delivery of the original work permit to the client (via post) – $75–100
Total for Stage 3: $625–960 (depending on duration of permit)
Stage 4: Residence Permit in Ukraine
- - Legal support for obtaining ra esidence permit (without personal presence) – $300
- - Additional fee for changing director after obtaining residence permit (optional) – $200
Total for Stage 4: $300–500
Total expenses (excluding statutory capital): $2325–3290
(Statutory capital of $500 remains company-owned funds for future use.)
The first stage - Opening a Company
Company formation in Ukraine
To open a company, we will need:
- - A legalized power of attorney for representation of interests in Ukraine, and sending the original to Ukraine (the Client makes it in the host country) - payment is done in the host country ...,
- - Notarized translation of the passport (can be done in Ukraine) and translation of power of attorney ($90),
- - Tax ID number (we will get the code in Ukraine after receiving the power of attorney; the service costs $ 95 for one person),
- - Indicate the data on the place of residenceof the founder (if they are not indicated in the passport),
- - The data of the director of the company, can only be a resident of Ukraine. The services of a nominee director if there is no suitable candidate for himself depends on the agreements, how much time he will have to be a director, whether he will perform any work, and whether he will be able to carry out accounting functions (may amount to about $ 200 per month). Registering a company and obtaining a work permit takes 2-3 months. Therefore, the cost of the services of a nominal director will be 400-600 dollars.
- - Information about the future company (company name; types of activity; the amount of the authorized capital is at the discretion of the founder, there is no mandatory minimum amount; will there be restrictions on the powers of the director),
- - The legal address of the company. To use the address of a particular office, you can rent a room or rent only the address. Firms that rent an address also offer mail acceptance services, costing $ 40-100 per month.
Our registration services will be $ 300 (if a founder is one person). This will include:
- - drawing up a power of attorney,
- - development of all necessary documents for the company,
- - actual company registration,
- - work with a notary on the certification of all necessary documents.
Notary services at the opening of the company will be about $ 50-100 (depending on the number of founders and whether the notary will do the registration itself or not).
The company opens up within 10 days from the date of receipt of all necessary documents.
Making a seal $15 (optional, but desirable)
Electronic signature (EDS) $30 (1–2 years)
Charter (if Model Charter is not suitable) - minimum cost $200 (including notary services).
The second stage - opening a bank account for the company
- pay for bank services (the price for opening and maintaining a bank account depends on the selected bank),
Our legal support at a bank will be $ 100. When changing the director, you will need to contact the bank again to change the person who manages the account. Therefore, this service will cost $200.
- Deposit the amount of the authorized capital into the company's account (there are no restrictions, but it is recommended to be no less than $500). This is your company money, which you will also use to pay part of the expenses for opening the company: the amount for paying the state fee for obtaining a work permit, accounting services, legal address services, etc.
The third stage - Obtaining a Work Permit
To obtain a work permit, you will need:
- - prepare a package of documents for submission to the Employment Center on behalf of the company represented by the director,
- - submit documents for consideration to the Employment Center,
- - Upon receipt of permission, a state duty is paid.
Our services for the preparation and submission of documents to the Employment Center cost $ 300.
State fee (up to 6 months – $250, 6-12 months – $375, 1-3 years – $560)
Delivery of original permit to the Client by mail (if necessary) – $75-100
The fourth stage - Obtaining a D-type (long-term) visa
- The obtained work permit is the basis for opening a long-term visa (the original of this document may be needed when applying for a visa, then you need to consider the cost of shipping via DHL).
The fifth stage - Obtaining a Residence Permit
- preparation of documents and filing an application to the Migration Service for obtaining a residence permit based on a power of attorney,
- legal support for the client upon receipt of a residence permit upon arrival (a person must receive it personally!).
Our services in filing the documents without the presence of a person $ 300
UNTIL THE MOMENT OF OBTAINING A RESIDENCE PERMIT, THE PRESENCE OF THE FOUNDER IN UKRAINE IS NOT REQUIRED!
YOU MUST APPLY FOR A VISA AFTER OBTAINING A WORK PERMIT!
After receiving a document on a temporary residence permit.
- It is necessary to officially register in the apartment of residence, it is possible on the basis of a rental contract for housing.
- Officially find a job in your company (become deputy director).
If you need to dismiss the old director and appoint a new one, then the additional cost of such a procedure will be $ 200.
- The accountant submits statements on the employment of a person in the company + payroll to the Tax Office and the Employment Center.
- Each month, when accruing, the accountant makes tax payments and submits appropriate reports about this.
Monthly Company Expenses in Ukraine:
- Payroll taxes for employees (42% of the officially assigned amount per employee, about $ 60 per month),
- The director should officially receive more than the minimum salary amount; today, this amount should be more than $ 250.
- - payment of the services of an accountant for the conduct of company affairs (from $ 100 per month),
- - Bank account maintenance fee (depends on the bank),
- - Fee for legal address (indicated above for the year).
- - Legal services – from $45/hour (in English – $80/hour), standard package – $450/month*.
*When a company is not actually operating and submits zero reports until it receives a work permit, legal
services are likely not needed