There is a simple and transparent procedure for starting a business in Ukraine. The most common form of doing business in Ukraine is LLC. If you are a self-employed person, you can qualify for simplified taxation.
- get tax ID
- submit documents for registration and registration
- opening a bank account
- search for premises and staff
Ukraine is an interesting destination for investors who want to open their small businesses. The process of investing in this country, while opening your own company there, can be done through banks either overseas or back at home with a local account too! But make sure you know how much time and money will go into getting everything set up before making that decision because it's easy enough once they are already opened but taking care of them beforehand saves headaches later on down the road.
Taxes
Taxes are not something you want to mess around with. The individual income tax rate is 15%, but if that's still too high for your liking there are always corporate taxes at 18%. It might seem like it doesn't make sense since they both have the same base of 21% on top of social security payments and VAT rates.
Permits
You may have to issue residence or work permits for Canadians you intend on employing. In order not to get in trouble with the authorities, make sure that any of your employees planing a relocation during startup has applied both at home and abroad before coming over as well!
Hiring Employees
Hiring employees when you start a small business in Ukraine is easy. Make sure that the labor laws and civil services agreement are followed at all times to avoid problems later down the line for both parties involved, even if it means staying open late or working on weekends.
