Debt Collection
Debt collection: step by step
As soon as virtually all civil legal relations have property nature, any party of economic activity or even a simple person sooner or later will have to face the procedure of debt collection. The effectiveness of debt collection depends on its timeliness and correctness of choice of influence the debtor. [Read more]
The Permit for Construction Works Implementation
Before we start examining the Procedure of implementation of construction works approved by the Decree of the Cabinet of Ministers of Ukraine dated April 13, 2011 No. 466, let’s underline that the permits for implementation of construction works obtained before the Law of Ukraine «On Regulation of the Municipal construction activity» dated 17.02.2011, № 3038, remain valid until the construction of the object is completed (par. 1 of the cl. 8, Chapter V «Final Provisions» of the above-mentioned Law).
According to the art. 34 of the Law № 3038 and par. 2 of the Procedure of implementation of construction works (approved by the Decree of the Cabinet of Ministers of Ukraine dated April 13, 2011,. N 466) three permissive documents for implementation of construction works exist:
• notification about start-up of implementation of construction works which is to be sent by the customer to the State architectural and construction inspection at the location of the construction object — in case of objects the construction of which shall be implemented on the ground of construction passport;
• declaration, which shall be registered by the respective inspection – in case of construction objects belonging to the I – III complexity class; [Read more]
Registration of VAT-payer
Registration of a VAT-payer (Value Added Tax payer) is regulated by the Tax Code of Ukraine and by the Rules on registration of Value-Added Tax-payers; a number of clarifications by the tax administration exists as well (see – the Letter as for implementation of procedure of a VAT-payer registration and cancellation of such registration).
VAT-payers are legal entities and individual persons-entrepreneurs who: register themselves voluntarily; are subject to compulsory registration; are engaged in import of certain scale; carry out their activity without establishment of a legal entity; property manager according to the Agreement on property management etc. Of course we’ll focus more on the first two groups.
Let us see in details when a person may obtain the VAT-payer certificate voluntarily and when it is compulsory. [Read more]
Registered Address of a Legal Entity
Is it possible to register a company at some apartment address?
Residential premises may not be used for industrial needs and this means that a legal entity may not be registered in some apartment. But shall a registration of a legal entity in a residential premises be considered as industrial (commercial) use of such premises? [Read more]
Registration of foreign investments in Ukraine
Rada (Ukrainian Parliament) passed in first reading the draft law extending the period for registration of foreign investments On February 21, 2012 the Parliament passed as a «basis» the Government’s draft law No. 9676 on implementing amendments to the Civil Code and Law «On the Regime of Foreign Investment» . [Read more]
State Tax Department extended the moratorium on small business audit
The press service of State Tax Department has informed that State Tax Department will continue the moratorium on the inspection of small businesses. Small businesses will not be disturbed in the first and in the second quarter of 2012. [Read more]
Individual persons-entrepreneurs who provide accounting services may be single tax payers
The letter N 432/6/15-2216 from 06.01.2012, the State Tax Department considered the separation of accounting and auditing services for tax purposes. [Read more]
Forms of business in Ukraine
The choice of legal forms of business in Ukraine is a very important issue before starting business. Short description of possible ways of conducting economic activity in Ukraine is below, including most popular and widespread in Ukraine – individual entrepreneur and legal entity.
A legal entity may conduct business in the form of private enterprise, limited liability company or additional liability company, general partnership, limited partnership, joint-stock company etc. [Read more]
MPs prepare for candidates for judges special trained
MP Serhiy Kivalov and Dmitry Shpenov presented to parliament a bill number 9740 on changes in the law “On judicial system and status of judges.” [Read more]
Investing in Ukraine
Investments into Ukraine can be performed in such forms:
• Partial participation in the enterprises which are created together with Ukrainian legal and physical persons, or buying a part of workable plants;
• Creation of the enterprises which completely belong to foreign investors, branches or buying in the property the whole workable plants;
• Acquisition of immovable or mobile property by direct reception of property and property complexes or in the form of shares;
• Acquisition of the rights to use the earth and use natural resources in the territory of Ukraine;
• Acquisition of other property rights;
• Economic activity which basis on agreements and goods distribution;
• Other forms which aren’t prohibited by laws of Ukraine, including forms without creation of the legal entity only making contracts with subjects of economic activities from Ukraine.
The basic legal form of realization of investing in Ukraine is the agreement. Therefore during realization of investment projects act the rules, which usually accepted for the contractual agreements.
[Read more]