If you decide to start your own business in Melitopol, you will be surprised at how fast and easy registration is. You can
i) set up new businesses that are 100% owned by you regardless of whether you are a Ukrainian or foreign investor;
ii) open branches or other separate units of your company;
iii) acquire existing Ukrainian enterprises, or iv) create joint ventures with Ukrainian legal entities and natural persons.
The most common types of companies operating in Ukraine are limited liability companies (LLC), public joint stock companies (PJSC), and private joint stock companies (PrJSC). The key difference between PJSC and PrJSC is that the former may conduct a public offering where shares are offered to more than 100 natural and/or legal entities, other than to the shareholders of the company, and the issuer's existing shareholders do not have the right of first refusal in respect of the floated shares. A PrJSC, on the other hand, is only allowed to offer its shares through private placement.
In addition to the above company types, other types of legal entities exist in Ukraine such as private enterprises, cooperatives, associations, additional liability companies, etc. But in practice, these forms are rarely used for investment projects.
The most popular form of business organization in Ukraine is a limited liability company (tovarystvo z obmezhenoiu vidpovidalnistiu), which is approximately equivalent to LLC in Great Britain or GmbH in Germany. An LLC has the advantage of being a very flexible form of business organization that can be used at a minimum cost — the price of a law firm’s services to draft the founding documents of an LLC and to procure registration within one week is less than €100.
In some cases, you first need to obtain certain licenses to start a business (for example, when setting up a financial institution) — you can find further details of the legal requirements for the types of newly created businesses by following the QR code link.
State registration of a legal entity requires following certain procedures. So, if you are really interested in setting up a business in Melitopol, contact us for a detailed road map describing every step you need to make to start your business in our city as soon as possible.