A shareholder, whose share in the authorized capital of a limited liability company is less than 50%, shall have the right to leave the company at any time, regardless of the consent of other members and the company itself.

If a shareholder of a limited liability company (TOV) owns a share in the authorized capital of the company in the amount of 50% or more than 50%, the consent of the other members shall be first obtained for his/her withdrawal from the limited liability company (TOV).

The date of the shareholder’s withdrawal from the limited liability company (TOV) is the date of the state registration of his/her withdrawal.

A shareholder, who withdraws from a limited liability company, shall have the right to receive the value of his/her part of the property that is proportional to his/her share in the authorized capital of the company. Pursuant to Article 24 of the Law of Ukraine “On Limited and Additional Liability Companies”, the value of a share in the authorized capital of a shareholder, who withdraws from the company, shall be determined as of the date prior to the date, on which he/she submitted the corresponding statement of the withdrawal, and shall be paid within 12 months from the date of the withdrawal, unless another procedure and time frame are specified in the company’s articles of association.

 

If you need lawyers assistance in withdrawing the shareholder of Ukrainian LLC (check-list for the lawyer is here) you may apply to the Zilver law company and prepare documents arrording to the list.

 

Other legal templates and publications: 

How can a foreigner create an LLC in Ukraine?

Payment of dividends in foreign currency

Creation of an IT company in Ukraine

Annual meeting of the LLC shareholders

 

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