OSBB (OSMD) Registration

Condominium Registration in Kyiv

How to create an OSBB (OSMD) in Ukraine?

To ensure effective management, use and maintenance of property, it is possible to create an association of co-owners of a multi-apartment building (OSMD) or, as it is called in Europe, a condominium.

Registering a condominium requires preparing a rather large package of documents and complying with strict procedures and deadlines.

Our company’s specialists will help create an OSBB, draft the founding documents and carry out all bureaucratic procedures with ease and saving time.

Documents for OSBB registration

A condominium is a legal entity, so organizing an OSBB must comply with the legislation on the registration of legal entities, but taking into account certain specifics.

Most of the standard document forms for creating an OSMD are established by legislation. Therefore, you should treat this task responsibly, since the required documents are not drawn up in an arbitrary form; they must comply with clearly established requirements and standards. The list of documentation for creating a condominium depends on the specific stage of the registration process. We will consider them below.

Procedure for registering an OSMD

To create an association of co-owners, the following actions should be taken:

1. Convene the founding meeting. The authority to do this lies with the owner of the building itself or an initiative group of at least 3 owners of premises (apartments or non-residential premises). Send each owner a notice of the meeting by hand against signature or by mail (written form is mandatory) no later than 14 days before the scheduled date. Prepare a draft charter.

Download the Model OSMD Charter

2. Hold the general founding meeting. Important! For it to be competent, the presence of more than 50% of owners (i.e., 50% + 1) is mandatory. Issues to be considered: the establishment of the condominium and approval of the charter. For a decision to be successfully adopted, the consent of at least ⅔ of the attending owners is required, each of whom has one vote (regardless of the number of premises they own).

3. Register the legal entity. To do this you must submit the following package of documents to the local state administration:

• registration card;
• protocol;
• charter (original – 2 copies, copies – 5 copies);
• list of condominium members.

4. Include the OSMD in the Register of Non-Profit Institutions and Organizations. To do this, a registration application (form 1-RN) and copies of the founding documents are submitted to the local tax authority (DFS).

5. Open a bank account.

Registration services from the Law Firm “Nakaz”

Our company’s specialists will promptly ensure the registration procedure, including providing the following services:

• drafting the founding documents and all additional protocols and resolutions, the content and form of which will strictly comply with the requirements of the law;
• carrying out the state registration of the OSMD and registering it with the necessary authorities and funds;
• obtaining documents confirming registration and registration with authorities;
• assistance in obtaining non-profit organization status and its inclusion in the appropriate Register;
• full consultation regarding the further activities of the condominium.

Legislation:

Law of Ukraine “On state registration of legal entities and individual entrepreneurs” dated 15.05.2003 No. 755-IV;

Law of Ukraine “On the association of co-owners of an apartment building” dated 29.11.2001 No. 2866-III;

Resolution of the Cabinet of Ministers of Ukraine “On implementation of the Law of Ukraine ‘On the association of co-owners of an apartment building’” dated 11.10.2002 No. 1521.