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The President of Ukraine signed the Law № 1792-VIII «On provision of the large-scale export expansion of Ukrainian producers through insurance, guarantee and making cheaper the export credit.” Particularly, the document provides the establishment of the Export Credit Agency to encourage the export of Ukrainian goods (works, services). The Agency will develop insurance, reinsurance,
Sole proprietors in Ukraine are able to close their businesses with the help of the state portal iGov. In order to pass the termination procedure is necessary to carry out a few simple steps: prepare a statement on the portal receive information regarding a prepared statement by the sole proprietor from the register The
“Scire leges non hoc est verba earum tenere, sed vim ac potestatem”, literally means the following: “Knowledge of the laws is not understanding the words, but the understanding of the meaning”. There are two bills under consideration by the Verkhovna Rada (Ukrainian Parliament) “About Mediation» № 2480 from 27.03.2015 and bill № 3665 from 17.12.2015.
As of January 4, 2017, FEA-contract can be concluded in written or electronic form, and for services – by adopting a public offer or invoice. It was established by the Act № 1724-VIII from March 13, 2016, with the title “On Amendments to some Laws of Ukraine regarding the elimination of administrative barriers to
The law brings a simplification of the conclusion of foreign trade agreements, as well as financial statements for exported services and abolishes exchange controls for operations with exports of services. The simplification does not target only the foreign trade field, but it is also a way to attract investors. The bill №4496 from 21.04.2016
Verkhovna Rada of Ukraine adopted the law about the moratorium for the government planned inspections of SMEs to 30.06.2017, namely the law “On peculiarities of State Supervision (Control) of economic activity” №3153. The adoption of the Act №3153 will reduce the pressure on businesses by the regulatory authorities. However, it should be noted that
During the meeting with representatives of the Ukrainian Council of Churches and Religious Organizations, the president signed the Law “On Amendments to the Tax Code of Ukraine concerning the clarification of certain provisions of the taxation of non-profit organizations.” This law allows the use of the income of non-profit religious organizations not only to
On November 2, the law number 1666-VIII “On amendments to some legislative acts of Ukraine concerning improvement of the state registration of rights to immovable property and property rights protection,” came into force, designed to eliminate raider schemes, the most widely used in the current year and related to facilitate the procedure of property
According to the paragraph 1 article 36 of the Labour Code, one of the reasons for employment contract termination is an agreement of the parties. Recently, the Civil Cases chamber of the Supreme Court of Ukraine during the consideration of the case 10.26.2016 number 6-1269цс16 made the following legal conclusion: “By itself, the consent
During the past few years, Ukraine has become a reliable supplier of organic products in the EU, due to the quality of its products and competitiveness. The Ministry of Agrarian Policy assured that the work on further reduction of regulatory barriers for the import of Ukrainian organic products to the EU countries continues. One
UA-2016-10-24-Posting-of-employees-in-Ukraine-Overview-EN Employees can be posted abroad by a Ukrainian company, in the same way as they can be posted to Ukraine from a foreign company. The following eBook brings you towards information concerning minimum legislative requirements, obligations related to posting employees, also the working conditions. Subscribe to our newsletter for more regional updates! More articles on the
The reduction of the authorized capital is an ordinary procedure for the legal entities. Generally speaking, the capital reduction is the process of decreasing a company´s shareholder equity through share cancellations and share repurchases. The reduction of capital is done by companies for numerous reasons including increasing shareholder value and producing a more efficient capital structure.
Unscheduled inspections may be held based on the decision taken by the head of the Supervisory authority in case of failure or late submission of tax reports. A number of reasons for this unscheduled inspection are specified in subsection 78.1 of the Tax code of Ukraine. (Hereinafter the “TCU”). Particularly, according to the paragraph