Payment of dividends in foreign currency

Those Ukrainian companies that are planning to pay out dividends to non-resident-participants/shareholders shall take into account the peculiarities of the Ukrainian legislation. In particular, the National Bank of Ukraine may impose currency restrictions, i.e. payment of dividends may be made only in certain amounts, for a certain period, etc. If there are no such restrictions,…

Arbitration clause: legal aspects in Ukraine

Those enterprises that work with Ukrainian companies shall take into account some peculiarities of the Ukrainian legislation on the procedure of judicial settlement of disputes between Ukrainian and foreign companies. According to Article 76 of the Law of Ukraine “On International Private Law”, the courts may accept and consider cases with foreign elements in the…

Shall Ukrainian IT individual entrepreneurs install cash registers since 2020?

After the Laws of Ukraine No. 128-IX and No. 129-IX (https://zakon.rada.gov.ua/laws/show/128-20#n132 and https://zakon.rada.gov.ua/laws/show/129-20) are effective as of April 19, many individual entrepreneurs in Ukraine will assume the obligation to use cash registers (PTRs). For those who work in the IT and are paid on a cashless basis these laws change nothing. In accordance with the…

Legal aid by surrogacy in Ukraine

Surrogacy is not perfectly regulated in Ukraine, but it is still allowed. In Ukraine, there are children, who were born as a result of the use of assisted reproductive technologies through surrogacy method, and their parents want to take them home and bring up in their family. More and more foreigners contact Ukrainian Human Reproduction…

Launching IT Company in Ukraine: legal features

If you are a foreign investor, a foreign IT company or Ukrainian developers, and you want to establish an IT company in Ukraine, this legal advice will help you deal with the main issues in that direction.   Following forms of IT business are most popular in Ukraine: Individual Entrepreneur (FLP in Russian (“ФЛП” in…

How can a foreign investor establish an IT company in Ukraine?

From a legal point of view, IT company establishment in Ukraine is not fundamentally different from the formation of other types of companies. It entirely depends on the size of investments, the number of employees, the formula for work (customers – clients) and many other things. The Zilver lawyers will clarify all these issues with…