Post by congregatio on Jul 23, 2019 21:11:12 GMT 4
On 9 July 2019 the Ministry of Justice of Ukraine presented a new service of online state registration of limited liability companies (LLCs) acting based on a model charter.
The new service is another leap in the deregulation and simplifying of doing business processes in Ukraine.
The service can be used to set up a new LLC, as well as to switch the existing LLC to the model charter activity format.
The main advantages of the introduced service are:
no need to draft the incorporation documents, all documents are generated by the system based on a questionnaire filled in by the applicant;
no need to physically submit documents to the state registrar, everything is done online;
simultaneously with the state registration LLC can also register for VAT and apply for use of the simplified taxation system; and
risks of rejection and human factor mistakes are minimal.
At the same time, the following should be considered during the online registration:
registration can be performed only with the electronic signature that can be obtained through several accreditation centers;
online registration is available directly to founders-individuals or Ukrainian companies, while founders - foreign companies cannot perform the registration online, as obtaining of electronic signature is not available to foreign legal entities;
there is a limited number of variable clauses in the model charter; and
the service cannot be used to introduce amendments to the state registry regarding LLCs (e.g., the appointment of a new director, change of LLC address, etc).
The service is available on the portal of the Online House of Justice ( online.minjust.gov.ua/registration-ur) as well as the Government portal (https://www.kmu.gov.ua/ua/service/reyestraciya-yuo-tov).
The new service is another leap in the deregulation and simplifying of doing business processes in Ukraine.
The service can be used to set up a new LLC, as well as to switch the existing LLC to the model charter activity format.
The main advantages of the introduced service are:
no need to draft the incorporation documents, all documents are generated by the system based on a questionnaire filled in by the applicant;
no need to physically submit documents to the state registrar, everything is done online;
simultaneously with the state registration LLC can also register for VAT and apply for use of the simplified taxation system; and
risks of rejection and human factor mistakes are minimal.
At the same time, the following should be considered during the online registration:
registration can be performed only with the electronic signature that can be obtained through several accreditation centers;
online registration is available directly to founders-individuals or Ukrainian companies, while founders - foreign companies cannot perform the registration online, as obtaining of electronic signature is not available to foreign legal entities;
there is a limited number of variable clauses in the model charter; and
the service cannot be used to introduce amendments to the state registry regarding LLCs (e.g., the appointment of a new director, change of LLC address, etc).
The service is available on the portal of the Online House of Justice ( online.minjust.gov.ua/registration-ur) as well as the Government portal (https://www.kmu.gov.ua/ua/service/reyestraciya-yuo-tov).