Czech or foreign investors entering the Czech market may choose between several corporate forms. The fundamental law in this area is the Civil Code and Business Corporations Act.
There are no limitations for foreign investors when it comes to setting up companies. A foreign natural or legal person may establish any form of company either together with other foreign or Czech persons, or alone as a sole shareholder. In this respect, foreign natural and legal persons enjoy the same rights and bear the same obligations as Czech persons and may not be discriminated against.
Czech or foreign investors entering the Czech market may choose between several corporate forms. The fundamental law in this area is the Civil Code and Business Corporations Act.
Czech or foreign investors entering the Czech market may choose between several corporate forms. The fundamental law in this area is the Civil Code and Business Corporations Act.
There are no limitations for foreign investors when it comes to setting up companies. A foreign natural or legal person may establish any form of company either together with other foreign or Czech persons, or alone as a sole shareholder. In this respect, foreign natural and legal persons enjoy the same rights and bear the same obligations as Czech persons and may not be discriminated against.
Czech or foreign investors entering the Czech market may choose between several corporate forms. The fundamental law in this area is the Civil Code and Business Corporations Act.
Czech or foreign investors entering the Czech market may choose between several corporate forms. The fundamental law in this area is the Civil Code and Business Corporations Act. Read more!
The main types of companies in Poland are Partnerships (Registered Partnership, Professional Partnership, Limited Partnership, Limited Joint-Stock Partnership) and Capital companies (Limited Liability Company, Joint-Stock Company). There are also 2 other alternatives (Branch and Sole Proprietorship), but special conditions apply.
Find out all details about each of these forms of business in our 2017 Guide: Company Formation in Poland!
Foreign Invested Partnership Enterprise in ChinaLenge & Partners
Investment vehicles available for foreign investors in China: the Foreign-Invested Partnership Enterprise. How to set up a foreign-invested partnership enterprise (FIPE) in China. Its features, maintenance, taxation.
Introduction
Definition of company
Characteristics of company
Types of company
Formation of company
Memorandum of association
Article of association
Prospectus
Public deposits
Share & Share capital
Allotment of Shares
Members
Meetings
Winding up
1. Origin Of Companies Act in India
2. What is a Company?
3. Definition & Characteristics
4. Different Type Of Entities:
a. On Basis Of Liability
b. On Basis Of Registration
5. Small Company
6. Private Company
7. Public Company
8. Unlimited Company
9. Foreign Company
10. Government Company
11. Holding, Subsidiary, Associate Company
12. Investment Companies
13. Promoters
14. Incorporation Of Registration
15. MOA, AOA
16. Tata Sons Vs Cyrus Mistry
17. Vodafone Tax Case
Investment vehicles available for foreign investors in China: The wholly foreign-owned enterprise. How to set up a wholly foreign-owned enterprise (WFOE) in China. Its features, maintenance, taxation.
The corporate law in Hungary is governed by Act V of 2013 on the Civil Code which incorporates the fundamental regulations and mandatory rules for all economic entities and also governed by the Act V of 2006 on Public Company Information, Court Registration Proceedings and Dissolution Procedures – “Registration Act” – which provides a flexible and expedient legal regime. Read more!
Czech or foreign investors entering the Czech market may choose between several corporate forms. The fundamental law in this area is the Civil Code and Business Corporations Act. Read more!
The main types of companies in Poland are Partnerships (Registered Partnership, Professional Partnership, Limited Partnership, Limited Joint-Stock Partnership) and Capital companies (Limited Liability Company, Joint-Stock Company). There are also 2 other alternatives (Branch and Sole Proprietorship), but special conditions apply.
Find out all details about each of these forms of business in our 2017 Guide: Company Formation in Poland!
Foreign Invested Partnership Enterprise in ChinaLenge & Partners
Investment vehicles available for foreign investors in China: the Foreign-Invested Partnership Enterprise. How to set up a foreign-invested partnership enterprise (FIPE) in China. Its features, maintenance, taxation.
Introduction
Definition of company
Characteristics of company
Types of company
Formation of company
Memorandum of association
Article of association
Prospectus
Public deposits
Share & Share capital
Allotment of Shares
Members
Meetings
Winding up
1. Origin Of Companies Act in India
2. What is a Company?
3. Definition & Characteristics
4. Different Type Of Entities:
a. On Basis Of Liability
b. On Basis Of Registration
5. Small Company
6. Private Company
7. Public Company
8. Unlimited Company
9. Foreign Company
10. Government Company
11. Holding, Subsidiary, Associate Company
12. Investment Companies
13. Promoters
14. Incorporation Of Registration
15. MOA, AOA
16. Tata Sons Vs Cyrus Mistry
17. Vodafone Tax Case
Investment vehicles available for foreign investors in China: The wholly foreign-owned enterprise. How to set up a wholly foreign-owned enterprise (WFOE) in China. Its features, maintenance, taxation.
The corporate law in Hungary is governed by Act V of 2013 on the Civil Code which incorporates the fundamental regulations and mandatory rules for all economic entities and also governed by the Act V of 2006 on Public Company Information, Court Registration Proceedings and Dissolution Procedures – “Registration Act” – which provides a flexible and expedient legal regime. Read more!
Slovak or foreign investors entering the Slovak market may choose between several corporate forms. The fundamental law in this area is the Slovak Commercial Code. The Commercial Code regulates the corporate forms and business (entrepreneurial) activities that are defined as systematic activities conducted independently by an entrepreneur (either an individual or legal entity), in their own name and under their own responsibility for the purpose of making a profit.
The main types of companies in Poland are Partnerships (Registered Partnership, Professional Partnership, Limited Partnership, Limited Joint-Stock Partnership) and Capital companies (Limited Liability Company, Joint-Stock Company). There are also 2 other alternatives (Branch and Sole Proprietorship), but special conditions apply.
The main types of companies in Poland are Partnerships (Registered Partnership, Professional Partnership, Limited Partnership, Limited Joint-Stock Partnership) and Capital companies (Limited Liability Company, Joint-Stock Company). There are also 2 other alternatives (Branch and Sole Proprietorship), but special conditions apply.
Find out all details about each of these forms of business in our 2018 Guide: “Company Formation in Poland (PDF)”, or read more below:
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
2. 2 | Company Formation in Ukraine
Contents
Legal forms of business 3
Join-Stock Company (Aкціонерне товариство) 3
Limited Liability Company (Товариство з обмеженою відповідальністю | ТОВ) 3
Additional Liability Company (Товариство з додатковою відповідальністю) 4
General Partnership (Повне товариство | ПТ) 4
Limited Partnership (Командитне товариство) 4
Individual/ entrepreneur (Фізична особа-підприємець) 4
Representative office (Представництво іноземного суб’єкта господарювання) 5
Minimum capital, contribution 6
Minimum documentation 7
Constituent documents 7
Foundation agreement 7
Company registration 8
General aspects 8
Registration documentation 8
General overview of corporate taxes 9
Corporate income tax (CIT) 9
Personal income tax (PIT) 9
Value added tax (VAT) 9
Investment incentives 10
IT industry 10
Other aspects regarding investments 10
ABOUT ACCACE 11
3. 3 | Company Formation in Ukraine
Legal forms of business
Join-Stock Company (Aкціонерне товариство)
The Join-Stock Company is a business entity with a charter capital divided into a certain number of
shares of the same value. The joint stock company not later then after six months since an emission
of shares had been registered must provide Shareholders with shares (certificate of the shares) .
The Join-Stock Company is not liable for the obligations of the shareholders.
The company may be created by establishment, merger, division, separation or transformation of the
business (business) companies, public (state), municipal (public) and other companies in the
corporation.
Full name of the company in the Ukrainian language must contain the business type (public or
private) and legal form (joint stock company).
Joint stock companies are divided into:
Public Joint Stock Companies (Публічне акціонерне товариство | ПАТ)
Private Joint Stock Companies (Приватне акціонерне товариство | ПрАТ)
Limited Liability Company (Товариство з обмеженою
відповідальністю | ТОВ)
The Limited Liability Company is the company which has the capital divided into shares, as
determined by the constituent documents.
The maximum number of participants in a Limited Liability Company is 100.
4. 4 | Company Formation in Ukraine
Additional Liability Company (Товариство з додатковою
відповідальністю)
An Additional Liability Company is the company with an authorized (share) capital divided into
shares, as determined by the constituent documents. The members of the company are liable for its
obligations by their contributions to the charter (share) capital, and at the failure of these amount
additionally by their property. This amount is the same for all participants and it is relevant to the
contributions of each participant.
The maximum liability of members is detailed in the constituent documents.
The General Meeting is the supreme governing body of the Joint Stock Companies, Limited
Liability and Additional Liability Companies.
The executive bodies of the company, which provides management of its current activity, are board or
other bodies, defined by statute. In a Limited and Additional Liability created by the executive
body: Collegial (management) or sole (Director). Directorate headed by General Director. Members of
the executive body may also be persons who are not members of the partnership.
General Partnership (Повне товариство | ПТ)
The General Partnership is a company, whose members are engaged in joint business activities and
liable for the partnership's obligations with all their property.
The name of the company must contain the names (names) of all its participants, the words "full
partnership" or contain the name (title) of one or more members with the addition of the words "and
company" and the words "full partnership".
Limited Partnership (Командитне товариство)
A Limited Partnership is a company, where one or more members do business on behalf of the
partnership and is/are responsible for the company's obligations with all their assets. There are one or
more members whose liability is limited by contribution in property companies (investors) and who do
not participate in the activities of the company.
If the Limited Partnership involves two or more participants with full responsibility, they are jointly
liable for the debts of the company.
Administration of the Limited Partnership can be made only by participants with full responsibility.
Administration of the General Partnership must be agreed with all participants.
Individual/ entrepreneur (Фізична особа-підприємець)
A citizen recognized as an entity if it exercises the entrepreneurial activity with the state registration
as an entrepreneur without legal entity status.
5. 5 | Company Formation in Ukraine
Representative office (Представництво іноземного
суб’єкта господарювання)
Foreign business entities that want to do business in Ukraine can open a branch of a foreign entity.
For this, the foreign entity must fill in an application and submit it to the Ministry of Economy of
Ukraine, together with a request for registration of the representation composed in any form, where
should be noted:
the name of the foreign entity
country of origin of the foreign entity
location of the foreign entity
telephone number and fax number
the city in which the representation will be established, indicating its future location (address)
location of branches ( if they exist)
the number of foreign nationals who will work in the representation
date of establishment of the foreign entity
the legal form of the foreign entity
number of employees of the foreign entity
the name of the bank and account number
scope of the foreign entity
the purpose of opening and scope of representation, information about business relations with
Ukrainian partners and prospects development cooperation
6. 6 | Company Formation in Ukraine
Minimum capital, contribution
The form of business
Minimum capital
(approx. in EUR)
Number of shareholders
English Ukrainian
Public joint-stock
company
Публічне акціонерне
товариство (ПАТ)
UAH 4,000,000.
(approx. EUR
140,350.87)
1, 2 or more
Private
joint-stock
company
Приватне акціонерне
товариство (ПрАТ)
UAH 4,000,000.
(approx. EUR
140,350.87)
1, 2 or more
Limited Liability
Company
Товариство з
обмеженою
відповідальністю (ТОВ)
NS 1-100
Additional Liability
Company
Товариство з
додатковою
відповідальністю
NS ND
General
Partnership
Повне товариство (ПТ) NS NS
Limited
Partnership
Командитне
товариство
NS ND
Individual /
entrepreneur
Фізична особа-
підприємець
N/A ND
Representative
office
Представництво
іноземного суб’єкта
господарювання
NS ND
NS= not stated
ND=not declared
7. 7 | Company Formation in Ukraine
Minimum documentation
A Join-Stock, Limited and Additional Liability Company are established and are operating under the
constituent documents, while the General and the Limited Partnership are operating under the
foundation agreement.
Constituent documents
The documents must contain at least the following information:
company type, subject and purpose of its activities
founders and members
company name
the size and procedure of formation of the authorized (share) capital
procedure for distribution of profits and losses
the composition and competence of the company and decision-making rules, including a list
of issues which require a qualified majority
procedure of signing the constituent documents
the procedure for amending the founding documents and the procedure of liquidation and
reorganization of the company
Foundation agreement
The founding contract of a General Partnership must include in addition to the conditions specified
above also the following:
the size of the share of each participant
the size, composition and procedure of making contributions
the form of their participation in the affairs of the company
The founding contract of a Limited Partnership, in addition to the above conditions, must include:
the size of each member’s part with full responsibility
the size, composition and procedure of making contributions, the form of participation in the
affairs of the company
8. 8 | Company Formation in Ukraine
Company registration
General aspects
The company acquires legal personality from the date of its registration. Under normal conditions, the
incorporation time (registration procedure time) lasts 24 hours.
The state registration is conducted in the order prescribed by law for state registration of legal entities.
The company may open current and deposit accounts in banks and enter into contracts and other
agreements only after its registration. Agreements concluded before the company registration
deemed to be concluded with this company, only if it is approved after registration.
Registration documentation
For registration of the legal entity the following documents are needed:
application for state registration of a legal entity (for legal entities formed as a result of
division, it is required to add also the information about the separate units in terms of their
membership of a legal entity – successor)
application about choosing the legal entity
the simplified tax system and / or registration application for voluntary registration as a payer
of value added tax and / or application for inclusion in the Register of non-profit institutions
and organizations in the form approved under the law – if the applicant requests
original copy (certified copy) of the founders’ decision, and in the cases stipulated by law -
decision of the public body about creation of a legal entity
founding document of the legal entity (in case of legal entity has its own founding document)
document confirming the registration of the foreign entity (extract from trade, bank, court
register, etc.) - in case of a legal entity, the founder(s) representing the foreign legal entity
original copy (notarized copy) of transfer act - in the case of a legal entity it is created as a
result of transformation or merger
original copy (notarized copy) of a distribution balance - in the case of a legal entity is created
as a result of division or separation
9. 9 | Company Formation in Ukraine
General overview of
corporate taxes
Corporate income tax (CIT)
For residents
Ukraine's standard CIT rate is 18%. Special rates apply to insurance and gambling activities.
For non-residents
Rates for legal non-resident entities vary from 0% to 20% based on income type. Tax rates and
taxable profit for permanent establishments are the same as for residence in Ukraine.
Personal income tax (PIT)
The standard PIT rate is 18%. This rate also applies to the taxable income received from abroad.
Value added tax (VAT)
Standard VAT rate in Ukraine is 20% and is imposed on domestic sales of goods and/or services,
imported goods or services.
A reduced rate of 7% is applied to supply and import of registered medicines and specific medical
goods. For export of goods and other services defined by law, 0% rate applies under special
conditions.
Provision of services to a non-resident are subject to 20% VAT or it can be considered as an outside
the scope of VAT, depending on the place of supply.
The complete list of taxes and the related deadlines for taxpayers you may find in our “2017 Tax
Guideline for Ukraine” and “2017 Tax calendar for Ukraine”!
10. 10 | Company Formation in Ukraine
Investment incentives
IT industry
Starting January 1
st
, 2013 until January 1
st
, 2023, IT companies that perform activities in Ukraine are
exempted from VAT payments on operations of software products supply.
Software products are considered: the result of computer programming in the form of operating
system, systemic, applied, entertaining and / or educational computer software (their components) as
well as websites and / or online services; cryptographic data protection.
Other aspects regarding investments
In the case of termination of the investment activity, the foreign investor has the right to get repayment
of their investment within six months from the date of termination.
They can get repayment of their investment in the amount of actual contributions (natural form or
investment currency), including possible reduction of the share capital without payment of customs
duties and income from these investments in money or goods at the real market value at the date of
investment, unless otherwise provided by law or international agreements of Ukraine.
Disclaimer
Please note that our materials have been prepared for general guidance on the matter and it does not
represent a customized professional advice. Furthermore, because the legislation is changing
continuously, some of the information may have been modified after the material has been released
and Accace does not take any responsibility and is not liable for any potential risks or damages caused
by taking actions based on the information provided herein.
11. 11 | Company Formation in Ukraine
CONTACT US!
Online contact form
Tel.: + 380 445 693 310
E-mail: ukraine@accace.com
ABOUT ACCACE
With more than 330 professionals and branches in 7 countries, Accace counts as
one of the leading outsourcing and advisory services providers in Central and
Eastern Europe. During the past years, while having more than 1,400 international
companies as customers, Accace set in motion its strategic expansion outside CEE
to become a provider with truly global reach.
Accace offices are located in Czech Republic, Hungary, Romania, Slovakia,
Poland, Ukraine and Germany. Locations in other European countries and globally
are covered via Accace’s trusted network of partners.
More about us: www.accace.com | www.accace.com/ua-ua
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