Registration of a representative office of a foreign company in Ukraine
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Representation of a foreign company in Ukraine
Are you a foreign company looking to expand your presence in Ukraine? Registering a representative office in Ukraine is a strategic step to effectively represent your organisation’s interests in the country. In this guide, we will look at the key aspects of this process, including its legal intricacies and the benefits of engaging the services of a corporate lawyer and tax advisor.
A foreign company may register a representative office in Ukraine to serve as its local branch. The main purpose of such a representative office is to represent the interests and promote the goals of the parent company within Ukraine. Unlike a legal entity, a representative office does not have a separate legal status and, accordingly, does not require authorised capital.
Representative offices of foreign companies in Ukraine generally fall into two categories:
Business-oriented offices: These offices are engaged in business activities in Ukraine.
Non-business offices: Such offices are focused solely on representing the parent company, without carrying out any business activities in the country.
Registration process
One of the first steps in establishing a representative office is state registration with the Ministry of Economy of Ukraine, which usually takes about a month. It is important to note that the documents required for registration must be submitted to the Ministry of Economy within six months from the date of their issuance in the country of registration of the parent company.
Advantages of a representative office
You may be wondering why you should choose a representative office instead of registering a legal entity. Let’s dive into the key advantages:
No authorised capital: one of the most important advantages is that a representative office does not need to maintain authorised capital, which simplifies the process of opening.
Cost-effectiveness: establishing and maintaining a representative office is usually more cost-effective, as it does not involve the same financial obligations as registering a legal entity.
Tax benefits: representative offices enjoy certain tax benefits, making them a favourable choice for companies seeking to optimise their tax structure.
Work permits for foreign employees
If your representative office plans to hire foreign staff, it is important to understand the requirements for obtaining a work permit. Our corporate lawyer and tax consultant will assist you in this process and ensure compliance with the requirements of Ukrainian labour law.
Obtaining a temporary residence permit
Foreign employees of a representative office may need to obtain a temporary residence permit. Our experts will help you navigate the application process and make it as smooth as possible.
Required documentation
Successful registration of a representative office depends on a number of documents, including:
- An application from a foreign company for registration of a representative office.
- Bank statement confirming payment of the registration fee.
- Documents confirming the registration of the foreign company.
- A bank certificate confirming the opening of an account.
- A power of attorney authorising the director to represent the interests of the company.
- Protocol on the establishment of a representative office in Ukraine.
- Office lease agreement for the legal address.
Involvement of a lawyer in the process of registering a representative office of a foreign company in Ukraine
The process of registering a foreign representative office in Ukraine can be a daunting task, especially when you consider the legal complexities involved. This is where our team of corporate lawyers and tax advisors can make all the difference.
Our experts have extensive experience and a deep understanding of Ukrainian corporate law and tax regulations. Working with us, you get many benefits:
Efficiency and speed: Our experienced specialists ensure that all the necessary documents are accurately prepared and submitted on time, which will speed up the registration process.
Compliance with the law: We keep abreast of the ever-changing legal landscape in Ukraine, ensuring that your representative office is compliant with all regulations.
Tailored solutions: Every business is unique, and our experts tailor their recommendations to your specific needs, helping you make informed decisions that will benefit your organisation.
Tax optimisation: With our corporate lawyer and tax advisor on your side, you can strategically manage your tax liabilities, potentially saving your company significant money.
Peace of mind: Rely on our experience to understand the intricacies of obtaining work permits, residence permits and any legal issues that may arise during your business activities in Ukraine.
Take the first step with us!
Thus, registering a representative office of a foreign company in Ukraine is a significant opportunity for international expansion. With the help of our experienced corporate lawyers and tax advisors, you can unlock this potential while ensuring a smooth, efficient and compliant process.
Benefit from expert guidance. Contact us today to find out how our legal experts can help your company enter the Ukrainian market. Whether you are looking to do business or simply represent your parent company, we are ready to assist you every step of the way.
Contact us for a consultation today and take the first step towards confident and compliant international expansion.
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