Local business incentives
| As for aids and incentives for setting up a business, companies can contact the different ministries related to the company's ativity. A majority of the ministries is located in Kiev. Foreign investors may find many information on the web site : ukraine-gateway.org.
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Legal forms of companies
| Form |
Number of partners/shareholders |
Minimum and/or maximum capital |
Liability |
Registration fee |
Release of financial documents |
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Private Limited Company
|
Minimum 3
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Hryvnias 10,700. 30% must be released before the statutory shareholders meeting and the remainder within the registration year.
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Partners' liability is limited to the amount contributed.
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About Hryvnias 4.400
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Yes
|
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Public Limited Company
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Minimum 3
|
Hryvnias 21,300. 50% must be released before the statutory shareholders meeting and the remainder within the registration year.
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Certain decisions must be taken with ? majority and others with just the majority votes.
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About Hryvnias 4,400
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Yes
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Registration and licensing procedures
A new business, with foreign participation, has to be registered with the administration of the district where it will be set up.
Besides documents concerning the company setting up, for registration purposes, the foreign partner must provide a whole list of documents and notably a K-bis certificate, an Ukrainian bank's certificate garantying that the company can honour its commitments. These documents must be authenticated by a French notary, legalized by the French Ministry of Foreign Affairs, the Consulate of Ukraine in France and translated into Ukrainian.
The legal registration delay is currently 5 working days after the sending in of the whole file. The foreign investment must be registered within the 3 working days of the contribution deposit.
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Foreign exchange control
The first anti-crisis measures have been, above all, focused on exchange control: suspension of pre-payments; obligation to use letters of credit for payments to non-residents; compulsory conversion of 50% of export receipts; suspension of foreign currencies interbank transactions; suspension of open positions for banks.
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Regulations concerning equity investment
The legislation provides the possibility to create an Ukrainian company with foreign investments in a Private Limited Company, in a joint-stock company, or in a 100% subsidiary form, and regulates their constitution and running. Partial take-over of an existing company, notably within an undergoing privatisation programme, is subject to the same legal procedures but requires approval from the State Assets Funds.
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FDI inflows in Ukrainia
| FDI inflows (millions US$) |
2000 |
2001 |
2002 |
World rank |
| Foreign Direct Investments (F.D.I.) |
693
|
1424
|
1715
|
44
/ 196 |
| Sources : UNCTAD Database FDI/TNC |
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Last modified in
December 2003
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