Are you thinking on establishing your own limited liability company alone or together with your partners? Let us consider some key aspects of registration of such type of legal entity.
Firstly, it should be mentioned that according to the legislation of Ukraine in force, starting from 01.01.2016, the registration of legal entities may be performed by notaries. Moreover, the notaries register the legal entities irrespective of the actual place of business (i.e. if the legal entity will be located in Odesa, it may be registered by the notary of Kyiv).
Please pay attention that the natural person is entitled to establish solely the one company only, and this should be taken into account when establishing and registering the legal entity.
One of the essential developments that facilitate the procedure of documents preparation lies in the fact that LLC may operate on the basis of the Model Charter approved by the Cabinet of Ministers of Ukraine, Decree No.1182 dated 16 November 2011 “On Approving the Model Articles of Association of the Limited Liability Company”. However, you as a founder has no right to amend the provisions of approved model articles of association.
Shall you decide to operate on the basis of such model articles of association, the decision on LLC establishment, signed by all of the founders, is to state that the Company will operate on the basis of the model charter. Moreover, the decision shall include the following information: type of the company, name, location, subject and purposes of its activity, full list of its founders, procedure of making contributions.
In case one of the founders is a foreign citizen, such person shall translate identification documents into Ukrainian (such translation must bear the notarial certification of translator’s signature), then obtain the registration number of the taxpayer identification card (formerly called individual taxpayer number).
Having all the listed documents submitted and verified, the notary registers the Company by making records in the Single register of legal entities, natural persons-entrepreneurs and public organizations.
Now, the limited liability company is registered. The last stages is to decide on the seal and opening the bank account.
The seal is made at the discretion of the legal entity managers, whereas according to the legislation of Ukraine the legal entity is not obliged to have a seal.
As to the bank account, the first step is to choose a bank, and then you must submit the bank card with the notarized authentic signature of the LLC director and its seal (if available).
Our specialists eagerly assist you in establishment of your own limited liability company.