Fully supported entry of Polish company on Ukrainian market
Our practice related to support of foreign company in Ukraine
In March of 2013 our law firm received a request from a Polish company concerning terms of support of entry on Ukrainian market. The main area of activity of the parent company was the sale of equipment and the provision of consumer services to the car owners. First, the company carried out only the supply of its equipment to the Ukrainian market, but as of the date of appealing to our firm she was considering a business project related to provision of services in Ukraine.
On a first-priority basis, the Client was interested in consulting support on tax issues, corporate aspects, labour legislation rules. The use of labor of foreign workers was not planned, as well as it was planned to appoint the citizen of Ukraine as the head.
The optimal corporate form of the future branch and the taxation system were determined based on the results of work at the consultative stage. It was decided to establish in Ukraine an LLC with 75% of share in the capital stock owned by the parent company and 25% owned by a foreign individual.
Also were documented all regulations and tax rates related to the import of equipment to Ukraine by the affiliated parties.
Further the Client entrusted our firm’s specialists to carry out all registration acts, which arranged the provision of service of nominal address in the City of Kiev (pending decision on actual location of the Ukrainian branch), as well as registration of LLC in Ukraine within three working days. In a traditional way, our firm took charge of accounting support of the company's activities in Ukraine at the initial stage (before the enterprise will have the primary accountant).
Later, the management team of the parent company made a decision to change the legal address of the LLC in Ukraine from Kiev to one of the regions of Ukraine, which turned out to be the most profitable from the perspective of logistics and location of principal demand.
Last but not least, the high-quality and quick provision of services by our specialists, the positive experience of cooperation in the past, as well as competitive price for the services determined the repeated request of the Client to our firm.