If you plan to open an account there through your bank, the process will only take minutes and costs nothing! However, obtaining financial services can be challenging since most people do not have access to them due to a lack of infrastructure or banks serving all regions across this country.
To start a business in Ukraine is simple, but paying taxes for your small company can be complicated and time-consuming. If you're outside of the country looking to do some investment work with us, our services might help.
The individual income tax rates and corporate tax rates may differ, but they add up to 18%. There's also social security taxes at 22%, plus VAT which comes out to about 20%.
This will help with any potential future growth and ensure that your company operates legally in the country. Hiring employees when you start a small business in Ukraine is easy. Make sure that the labor laws and civil services agreement are being followed, as these will help ensure success for your company by keeping things running smoothly.
