Starting a business in Ukraine
There isn’t always easy access to reliable Internet service. Still, many houses now have broadband connectivity through cable modems and DSL connections, so you don't need wifi 24/7 anyway — unless all your staff wants high speeds.
Investing in a country can be done through various means, but it takes more time and fees to open an investment bank account. Opening the basic kind of foreign currency-based business accounts for small businesses with local partners or employees is quick and easy because all taxes have been prebilled out already by your host government before the arrival.
Paying taxes for your small-time company can be a complicated task with time-consuming requirements that will need to include issuing a POA
Having them apostilled/translated into Ukrainian then translated back again outside of National borders before you're able to establish legal standing as an officially registered resident (individual) on paper through registering at any municipality offices
Obtaining all necessary documentation, including filling out official forms where one has been nominated by another person currently serving at this position
If your annual income is below $250.000 and you pay quarterly instead of yearly taxes (as an individual), then there are no social security payments required for yourself or other LLC members. However, any additional profits will be taxed at 18%. The corporate rate also varies depending on what type it is — with individuals paying 15% upfront followed by 1-5%, whereas companies must pay 22%. It would help issue permits before employing foreigners due to possible discrepancies between countries' visa regulations and labor laws.
