The Ukrainian Government simplifies the registration of representatives offices of foreign companies

On 2 November 2019, Decree No. 893 "Certain Issues of Registration of Representative Offices of Foreign Business Entities in Ukraine", adopted by the Cabinet of Ukraine, entered into force. It simplifies the registration procedure as the costs for foreign investors have been lowered from USD 2,500 to UAH 1,930 (the equivalent of the subsistence minimum) and the timelines have been shortened from 60 to 20 business days. Nevertheless, special rules apply to residents of an aggressor state.

• Type:

  • Promotion and facilitation (Investment facilitation )

• Industry:

  • Not industry specific

• Sources:

  • Government Portal, Денис Малюська: Ми спрощуємо реєстрацію представництв іноземних суб'єктів господарювання, https://www.kmu.gov.ua/news/denis-malyuska-mi-sproshchuyemo-reyestraciyu-predstavnictv-inozemnih-subyektiv-gospodaryuvannya, 24 Oct 2019
  • Ukrainian Legislation, Деякі питання реєстрації представництв іноземних суб'єктів господарської діяльності в Україні, https://zakon.rada.gov.ua/laws/main/893-2019-%D0%BF?lang=en, 23 Oct 2019
  • Asters, GOVERNMENT SIMPLIFIES THE REGISTRATION OF REPRESENTATIVE OFFICES OF FOREIGN COMPANIES IN UKRAINE, https://www.asterslaw.com/press_center/legal_alerts/government_simplifies_the_registration_of_representative_offices_of_foreign_companies_in_ukraine/, 07 Nov 2019