Business of Foreign Citizens in Ukraine

More and more foreign citizens consider Ukraine not only as a place of business, but also as a place of a permanent residence for themselves and their families. Why do they choose this country rather than Eastern Europe or, say, America, with its "dream"? After all, the bureaucracy Ukraine inherited from the Soviet Union and the intractable officials have already become known far beyond its borders. But, nevertheless, the very conditions for developing their business interest those who have already decided to start a business, while not breaking off ties with their homeland.

If we look at the latest statistics regarding the number of non-residents registered with the SMS as well as the number of permits issued and renewed for the employment of foreigners, we can conclude that this is not a decreasing trend. In Europe, in order to start a business, you need at least a start-up capital of EUR 200,000 euros, not to mention the collection of necessary documents, etc. Of course, we should not forget about the economic situation, which is not very positive. There are also difficulties in Ukraine, but if you clearly define the direction of activity, properly execute the minimum (now) package of documents for registration of your business, the result will not keep you waiting. It should be noted that most non-residents coming to Ukraine for economic activities already have experience in such activities and are familiar with the process to the extent necessary to form the right set of questions at the initial stage of communication, and this is very important. Ukraine itself evokes quite contradictory feelings among non-residents. But those who have been here more than a year dispels any negative stories about the attitude to the foreigner in Ukraine by their established way of life. The Constitution of Ukraine guarantees equal rights to all citizens who are in its territory regardless of cultural, religious, political or other views. In order to receive a temporary residence permit a work permit is required as one of the conditions of legality of stay in the territory of Ukraine. Lack of such a permit enables a foreigner to stay only for a certain period of time. If there is a visa, then for the period of its validity. In case there is an international agreement on visa-free entry into the territory of Ukraine, the stay of a foreigner is subject to a specific period of stay. And if a foreigner is from the former CIS countries, the term is usually not more than 90 days of continuous stay. After expiration of the term of stay, foreigners are obliged to leave the territory of Ukraine.

As practice and experience shows, in case a foreign citizen has decided to organize his own business in Ukraine, he needs qualified assistance from specialists who have certain skills and experience in this field. Initially such communication is based only on trust. This condition is very important and the lawyers of Lion's Mark fully justify it by their constant support and long-time relations with the clients.

Lion's Mark Company is always ready to give the full range of services for non-residents, from consultation to further support of economic activities, and the provision of all other legal and translation services, necessary for their unobstructed activities in the territory of Ukraine.

Lion's Mark Law Company is always aware of the changes and current trends in the process of doing business in Ukraine.


Top