Ukraine

Ukraine

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

02 Nov 2019

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.