Ukraine is bordered by Belarus to the north, Russia to the east, the Sea of Azov and the Black Sea to the south, Moldova and Romania to the southwest, and Hungary, Slovakia, and Poland to the west.
Situated between two big economic blocs, the European Union and the Eurasian Economic Union, Ukraine is the second biggest country in Europe after Russia.
The currency of Ukraine is the Hryvnia (UAH).
Ukraine has been ranked on the 71st place among 190 economies in the ease of doing business, according to the latest World Bank annual ratings.
Since January 1, 2016, Ukraine is part of the European Union’s free trade zone, which obligates the EU to provide it with a higher level of economic assistance.
Limited Liability Company – Ukrainian TOV
LLC is the most common form of legal entity in Ukraine. More than 90% of legal entities in Ukraine are limited liability companies.
A legal entity is only required to have 1 director on the board. Directors should not have an expectation of privacy, as they are not kept private in Ukraine. The rights and obligations of Limited liability company Director (CEO) are imposed by articles of association (charter).
goods. For export of goods and other services defined by law, 0% rate applies under special
the scope of VAT, depending on the place of supply.
Ukraine is a signatory to a Treaty for the Prevention of Double Taxation with many countries all over the world. Ukraine is a potentially attractive country for virtually any kind of business since it has an available large-scale domestic market and a developed transport infrastructure.