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xpand Your Business in Ukraine

Currency:

Ukrainian Hryvnia (UAH)

Official Language:

Ukrainian

Ease of Doing Business:

Ranked 64th in the World Bank’s Ease of Doing Business 2020 report

Average Time to Set Up a Business:

3–7 days

Corporate Tax Rate:

18% (standard rate), 5% for small businesses under the simplified tax regime

VAT (Standard Rate):

20%

VAT Registration Threshold:

UAH 1 million (approx. $25,000) annual turnover

Dividend Tax Rate:

5%–9% (depending on double taxation treaties)

Personal Income Tax Rate :

18%

Company + Employer Contributions:

22% social security tax paid by the employer; 1.5% military tax applies

Minimum Share Capital:

No minimum capital requirement for LLCs (TOV)

Bank Account:

Mandatory for company operations; can be in UAH or foreign currency

Accounting Requirements:

Monthly payroll and tax filings; annual financial reporting

Audit Requirements:

Required for large businesses exceeding UAH 40 million in turnover

Business License:

Required for certain regulated activities (finance, pharmaceuticals, transportation)

Immigration Policy:

Business visas and residence permits available for foreign investors

Compliance Requirements:

Regular tax filings, employment registrations, and social security contributions