Opening a Legal Entity for Foreigners in Ukraine
The main step towards business immigration is to start your own company or open a legal entity for foreigners. The procedure is quite simple and transparent, almost no different from the usual registration, and has its nuances in the preparation of documents through the status of the founder – a citizen of another state. Therefore, a foreigner should first turn to lawyers:
- sign a contract for legal services and provide all necessary information and documents for work;
- to get acquainted with the draft Statute prepared by them, to approve it and other documents of the future enterprise;
- together with representatives of the law firm to draw up a power of attorney from a notary for specialists and certify signatures.
Within one or two days from the transfer of all papers to lawyers, the company will be registered, and the foreigner will receive documents for opening a current account.
IMPORTANT! A foreigner becomes the company’s founder but cannot be its manager because he does not yet have an employment permit. Such permission can be obtained only if the company is registered and has a manager. Therefore, a Ukrainian with whom an agreement is concluded for a certain period and who will sign documents on behalf of a legal entity is temporarily appointed head.
It should be emphasized that the basis for legalizing a stay in Ukraine and obtaining a temporary residence permit is a work permit, not starting a business. That is, a temporary certificate is issued based on employment. For this:
- the newly formed company submits an application for a work permit to its founder;
- after obtaining a permit, a foreigner changes the head of the company.
Each stage is accompanied by paperwork and can be complicated by a lack of competence. That is why it is important to turn to law firms with a good reputation and considerable experience in migration matters. One such company is Status Ko, which has been providing business immigration services for many years, knows all the bureaucratic nuances and is guaranteed to carry out the procedure in a short time.