Representative office in Ukraine

Foreign companies, especially in the IT or engineering field, having business interests in Ukraine, not always establish subsidiaries in Ukraine. There are many business models where offices are opened and a team of private entrepreneurs are sitting there working for a foreign company under the international economic agreements. In these cases, the question arises whether…

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Template of the Shareholders meeting about dividends distribution of the Ukrainian LLC

ПРОТОКОЛ № __ Загальних зборів учасників ТОВАРИСТВА З ОБМЕЖЕНОЮ ВІДПОВІДАЛЬНІСТЮ “АДВОКАТ КИЇВ” (надалі за текстом – «Товариство») Код ЄДРПОУ юридичний м. Київ                                                                   …

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Non-compete provision

Concluding agreements with foreign customers, many IT specialists have repeatedly come across a contract clause prohibiting the conclusion of similar contracts in the IT sphere within the duration of the contract or some period after its termination. This, of course, poses the question: How shall I work hereafter? After all, the customer does not provide…

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About controlled foreign companies

From 01 January 2021, the issue of reporting and taxation of consolidated profits will become relevant for all Ukrainian citizens and Ukrainian companies that have shares in foreign companies, as defined in the Tax Code of Ukraine. What is a CFC (controlled foreign company)? CFC is a company registered in a foreign state or territory…

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Approval of the company’s deal

If the price of the deal exceeds 50% of the net assets of the Ukrainian LLC, the director has to obtain the approval from the shareholders of such company. This rule is stipulated in the Art. 44 of the Ukrainian law “About limited liability company and company with additional liability” (the law). Most of the…

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VAT and IT-services in Ukraine

If IT-company in Ukraine does not use the unified tax system (so called “simplified taxation”), than VAT-issue rises. According to the Tax code of Ukraine all goods, works and services, supplied on the territory of Ukraine shall be subject for VAT (20%). However, p. 26-1 of subsection 2 section XX of the Tax code of…

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Extract from the Ukrainian register about civil status

If you need to obtain the extract from the Ukrainian register about civil status (birth, marriage, divorce, death etc.) and you reside not in Ukraine, lawyers of the Ukrainian law firm Zilver may assist you with this issue. With power of attorney our lawyers will obtain required extract (document, file) about civil status registered in…

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