"Due to some legislation, this is now considered one of the most popular formats for businesses there."
The venue and utility considerations will vary depending on what you want your business' purpose or goal might be. So it's essential to take these factors into account when starting and consult professionals who can tell whether such changes would benefit both parties involved.
1 - month to start a small business in Ukraine
70 - days - registration of the property can take. Then you have to think of getting electricity to your property to do business in Kyiv or somewhere else in Ukraine. Speaking of the administrative and regulatory side, it is relatively easy.
1 - day can take to register as a `private entrepreneur. Very easy if you are a Ukrainian citizen. If you are a foreigner, you will first have to deal with additional formalities (have a registered residence, obtain a Ukrainian tax registration, etc.)
1-2 - for free state registration of LLC/Lt in the state tax service. You can appoint yourself a director of the LLC. You will also need a bank account (another day or two) — and you can start your business in Ukraine.
You can open an investment bank account overseas, which takes more time and fees because of the process required with transferring money over there first before converting it into another currency, then finally paying off these investments from their location. Another alternative would be investing directly through one specific company specializing only in real-estate projects within this country. This involves no extra costs or hassles involved beyond what already comes standard by law. So buyers will know exactly how much profit they'll receive every month based solely on these properties' values at any given point during the resale time after buying outright instead.
The cost of creating a company in Ukraine can be expensive and time-consuming. This is why it's essential to know precisely what documents you will need before starting the process and how much money this may require for payment or sponsorship from abroad (Ukraine doesn't have its currency). If your annual income falls below $250k per year, then LLCs qualify under certain conditions which allow them a simplified tax regime with reduced paperwork requirements — but these benefits only apply if qualified.
