• Responsibility of the owner (founder) is limited by the size of the statutory fund (capital);
• Relationships of founders of LLC clearly regulated by the Law;
• Low cost of establishment and subsequent maintenance.

• General taxation w/o VAT — applicable to all;
• General taxation with VAT — only with an income of more than 300 thousand UAH. per year;
• Simplified taxation w/o VAT — with an income of less than 1 mln.;
• Simplified taxation with VAT — with an income of more than 300 thousand UAH. to 1 mln.;
• Taxes paid — payable always in payroll;
• TAX HOLIDAY — only with income of no more than 3 mln. per year and paying more than 2 minimum salaries.

General system of taxation without VAT

= Profit tax

Profit tax — 23% from the profit;

General system of taxation with VAT

= Profit tax + VAT

Profit tax — 23% from the profit;
VAT — 20% from the profit.

Simplified system of taxation without VAT

= Single tax

Single tax — 10% of revenue

Simplified system of taxation with VAT

= Single tax + VAT

Single tax — 6% of revenue;
VAT — 20% of the profit.

Payroll taxes:

= Personal income tax + social payment

Personal Income tax — 15% from the salary;
Social payment — from 34.7% to 49.7% from the salary (depending on the type of activity).

TAX HOLIDAYS
Exemption from payment of income tax applicable to companies whose annual income does not exceed 3 mln. per year and accrue more than 2 minimum salaries, except for companies that deal with:
— Recreational activities;
— Manufacturing, wholesale trade, export, import of excise goods;
— Manufacturing, wholesale and retail trade of fuels and lubricants;
— Production of precious metals, stones and manufacture of products from them;
— Financial management;
— Activities of currency exchange;
— The extraction and production of minerals of national importance;
— Real estate transactions;
— The provision of postal services and telecommunications;
— Organization of auctions of art and antiques;
— The provision of services and television broadcasting;
— Security activities;
— Foreign economic activities (other than information);
— Manufacture of products for tolling;
— Wholesale trade and mediation;
— Production and distribution of electricity, gas and water;
— Activities in sphere of law, accounting and auditing, engineering, and providing services to entrepreneurs.

Also exempt from income tax:
— Enterprise energy sector within the costs provided for investment programs, endorsed by NERC;
— Enterprise Hotel, shipbuilding, aircraft construction industries;
— Light industry enterprises, except those who work on tolling;
— Electric utilities that implement the electricity produced using alternative energy sources;
— Manufacturing industry engineering products for agriculture;
— Producers of biofuels, as well as the production and use of gas (methane), coal deposits;
— Pre-school and secondary education non-state ownership;
— Enterprises and organizations, which are based community organizations for the disabled;
— Companies that sell baby food in Ukraine's own production.

In addition, be exempt from taxes 80% of the profits of enterprises that implement energy-saving materials and technologies, as well as equipment for the production of alternative fuels. In addition, 50% tax will pay the company, implement energy efficiency projects and included in the corresponding state register.

DOCUMENTS AND INFORMATION
REQUIRED TO REGISTER an LLC.

Primary requisites of LLC.:

• Name;
• City telephone number;
• Legal address;
• Size, formation, and shares of each founder in shared capital;
• Main activities;

Documents required from founders:

Founder — individual person: 
• Copy of passport and tax-id number;

(if not registered as taxpayer in Ukraine, we will get a tax-id for FREE)

Founder — legal entity — non-resident of Ukraine:

• Apostiled extract from the register of companies;
• Apostiled Power of Attorney, authorizing the representative to sign incorporation documents.

Documents required from officials (Directors, Chief Accountant)

• Copy of passport and tax-id number.