How much does it approximately cost to to set up a company in Ukraine and obtain a residence permit?

How much does it approximately cost to set up a company in Ukraine?

The first stage - Opening a Company

Company formation in Ukraine

For opening a company we will need:  

- A legalized power of attorney for representation of interests in Ukraine, and sent to Ukraine the original  (the Client makes it in the host country) - payment is done in the host country ...,

- Notarized translation of the passport (could be done in Ukraine, the service costs $ 20) and translation of power of attorney ($20),

- Tax ID number (we will get the code in Ukraine, after receiving the power of attorney, the service costs $ 50),

- Indicate the data on the place of residence of 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 in the event that 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, whether he will be able to carry out accounting functions (may amount to about $ 200 per month),

- 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 be able to use the address of a particular office, you can actually rent a room, or rent only the address. Firms that rent an address also offer mail acceptance services, the cost can be $ 100-150 per year.

Our registration services will be $ 300. 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,

- search for a director, accountant, legal address,

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.

 

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),

- put the amount of statutory capital on the company’s account (there are no restrictions, but at least $ 100 is recommended) and the amount to pay the state fee for obtaining a work permit (if it is for three years, the amount will be $ 370),

Stage two - 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),

- put the amount of statutory capital on the company’s account (there are no restrictions, but at least $ 100 is recommended) and the amount to pay the state fee for obtaining a work permit (if it is for three years, the amount will be $ 370),

Our legal support at a bank will be $ 100.

 

The third stage - Obtaining a Work Permit

For obtaining 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.

 

The fourth stage - Getting a 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 on the basis of 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 and his further accompaniment upon arrival until obtaining a residence permit - $ 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.

  1. It is necessary to officially register in the apartment of residence, it is possible on the basis of a rental contract for housing.
  2. 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.

  1. The accountant submits statements on the employment of a person in the company + payroll to the Tax Office and the Employment Center.
  2. Each month, when accruing, the accountant makes tax payments and submits appropriate reports about this.

 

Monthly expenses for the company:

- 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).

The minimum wage for a foreign director is 10 minimum salaries, today it is UAH 50,000 (about $ 1,820).

- Unofficial payment of the services of an accountant for the conduct of company affairs (from $ 50 per month),

- Bank account maintenance fee (depends on the bank),

- Fee for legal address (indicated above for the year).