An individual entrepreneur — one of the most common forms of legal registration of business in Ukraine. Citizens of Ukraine and foreigners, who have reached 16 years of age and received a personal tax number (Ukrainian tax code) can be registered as a individual entrepreneur.
An individual entrepreneur has the right to work in all the types of economic activities which are not directly prohibited by law. It’s important to understand that the individual entrepreneuris responsible for it’s obligations with all property which belongs to him as an individual.
Unfortunately, according to Ukrainian tax law, foreign Individual Entrepreneurs’can’t choose simplified system of taxation, or so called fixed tax.
Income tax rate is 18 %.
Individual entrepreneurs, have the right to be register as VAT (value added tax) payer. Entrepreneurs have the right to make trade activities in export/import of goods and services. Individual entrepreneurs are allowed to provide services and supply goods for companies, public authorities and local governments.
Our service include: consultation and preparation of all necessary documents, state registration obtaining of stamp and all necessary documents to open an account and start business.
Registration time–up to 7 working days.