Some Ukrainian legal news
May 7, 2010
Loans from non-residents
Other piece of changes concerned the amendments to the foreign loan policy. Under new Law “On amendments to certain laws of Ukraine on crediting and promotion of foreign investments” the next restrictions were canceled: [Read more]
Mandatory registration of foreign investments is cancelled
May 6, 2010
Supreme Council (Verkhovna Rada) passed the Law “On amendments to certain laws of Ukraine on crediting and promotion of foreign investments”, excluding from the law “On the regime of foreign investments” the provisions stipulating the investments in Ukraine using special investment accounts and the 1st group of Classifier, etc: [Read more]
What amount shall LLC statutory capital be reduced to?
May 6, 2010
State Committee of Entrepreneurship in its letter №4573 from April, 13th, 2010 regarded the issue on the limit, used for the reduction of the statutory capital of the limited liability company (LLC). [Read more]
Questions upon entering into franchising agreement (commercial concession)
May 6, 2010
Franchising. Franchising agreement is usually the Agreement of commercial concession, determined by Art. 1115 of the Civil Code of Ukraine. Under the Agreement of commercial concession one of the parties (proprietor) shall be obligated to entitle the other party (user) for extra charge with the right to use under its requests the complex of proper rights in order to produce and (or) sell certain goods and (or) services. [Read more]
Currency for investment in Ukraine
May 6, 2010
Due to certain amendments to the legislation made by the Law “On the Introduction of Amendments to Certain Laws of Ukraine for Overcoming the Negative Consequences of the Financial Crisis” for the Law of Ukraine “On the regime of foreign investments”, Art. 2: [Read more]
Payments for use of object of intellectual property right
April 23, 2010
License fee is a payment for the entitled right of use of object of intellectual property right, a subject of the license agreement.
Clause 5 of Art. 15 of the Law of Ukraine “On Copyright and Related Rights” dated 23.12.1993 defines the following forms of fees, paid to the proprietor by the user:
- single (lump-sum) payment;
- royalty
- combined payments. [Read more]
VAT taxation procedure for expeditors-residents in FEA (Foreign Economic Activity)
April 22, 2010
STAU (State Tax Administration Of Ukraine): VAT taxation procedure for expeditors-residents in FEA (Foreign Economic Activity) [Read more]
ІX International Economic Forum in Lviv
September 3, 2009
ІX International Economic Forum: Investments. Innovations. Competition (October, 1-2)’, which was traditionally conducted in Lvov this year will take place in Truskavec’ (L’viv region), “Riksos” hotel. Forum in 2008 was visited by President of Ukraine Victor Yushchenko, ministers of regional development and transport, European high-level officials, lead business leaders and experts. In 2008 year in-process Forum 500 participants took part from 20 countries.
Expected, that in-process the Economic forum will take part approximately 200 persons . In his basis is the idea of searching the answers for an issue how the Ukrainian regions must «go out renewed from an economic crisis». The forum is traditional place of meeting investors, interesting projects which need investments and authorities. And exactly due to such combination the high results of leadthrough of economic forum are reached. [Read more]
Investment in Lviv airport
August 23, 2009
Request for investing in building of Lviv (Ukraine) air-port is possible to September, 14
The Ministry of Communication of Ukraine decided to indulge possible investors for building of new air terminal of Lviv (Ukraine) air-port by prolonging the terms of requesting for participating in investment auction to September, 14. About such decision press-service of Cabinet declared the day before. [Read more]
Doing business in Ukraine
July 31, 2009
Set up business in Ukraine
1. The business environment
General information
Geographical position
Ukraine occupies an advantageous economic, geographic and geopolitical position in Eastern Europe at the crossroads of major railways and motor roads, oil, gas and product pipelines, and systems of communication between Western Europe (European Union), regions of Russia and Asian countries. [Read more]