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This year amendments were made to the Law “On State Registration” (dated 15.05.2003 No. 755-IV) …
New developments in the registration of legal entities and individual entrepreneurs..
This year amendments were made to the Law “On State Registration” (dated 15.05.2003 No. 755-IV). Below is a list of the main changes:
1. From now on, notarizing founders’ signatures in the charter is not a general requirement. Thus you can save from 100 to 200 ь on notarization, but this also creates certain issues because during the procedure of certifying a copy of the charter to carry out any legal actions, a notary may refuse you, therefore we recommend notarizing the original charter .
2. According to the law, an enterprise does not need to create a charter – it can operate based on a model charter, the approval of which is assigned to the Cabinet of Ministers of Ukraine.
At the same time there arises the problem that the provision cannot be implemented until the model charters are approved by the Cabinet of Ministers.
3. With the new changes, certificates of state registration are not required in the charter. Government bodies approved this innovation, announcing that it will benefit company founders. But in fact nothing has changed, since certificates were replaced by an extract from the state register.
4. To register an enterprise it is now sufficient to send the necessary documents to the registrar by email, but to do this, founders will need to undergo the procedure of obtaining an electronic signature; the procedure is not quick and is quite time-consuming and costly.
5. Therefore the fastest way to register your enterprise is to physically submit the required documents to the state registrar at the location of your future legal address. An important innovation is that the requirement to submit documents to the Tax Authorities, Statistics Authorities, and the Pension Fund has been removed. The registrar independently sends requests about the registration of the new enterprise to the aforementioned bodies. This saves your efforts and the time you previously spent on registering the enterprise. As for timeframes, the situation is still unclear (ideally 5 working days), and the actual registration times for LLCs, sole proprietors and other legal entities will depend on how state bodies establish cooperation among themselves.
Accordingly, the issuance of Form 4 – OPP from the tax office and the certificate of registration with the pension fund has been canceled. (Instead, the extract will indicate the registration case numbers in the respective bodies)