Register foreign representative offices in Ukraine

Accreditation of representative offices is the most expensive of all forms of presence of foreign companies in Ukraine and is now used mainly for reasons of prestige. A number of tax benefits saved only for foreign nationals, employees of the mission.

Under the permanent establishment of foreign legal entity in Ukraine is understood - the "permanent place of business through which wholly or partly carried on business activities of non-residents in Ukraine. Go to the Permanent Missions, inter alia, include: a place of management, branch, office, factory, factory, workshop, mine, oil or gas well, quarry or other place of exploration or mining. In order to tax the permanent missions equated residents who authorized to act on behalf of nonresident ... "- The Law of Ukraine" On taxation of income of enterprises ", Article 1, p.1.17.

Thus, the tax status of a permanent establishment can occur regardless of whether it is formalized representation of the structural, that is held or not its registration.

Registration of a foreign entity can:

    * To receive official status in Ukraine for foreign legal entities and foreigners - employees representative (card with a photograph);
    * Open an account type "N" or "P" in the authorized Ukrainian bank;
    * Put on the account in GAI to 5 cars with the "representational" numbers;
    * Obtain visa support MFA - disposable and reusable visas for members of the mission and their family members, invitations to foreigners.

Compared with the Ukrainian enterprises - residents, offices also have the following benefits:

    * Foreign exchange earnings are not subject to mandatory conversion;
    * Wages to employees resident may be paid in foreign currency;
    * Means of importing goods and services received on account of representation, may be listed outside Ukraine.

Establishment of a foreign company can open an account hryvnia type "N" and type "P", as well as currency current accounts with authorized banks in Ukraine.

Hryvnia accounts such as "N" opened representative offices of legal persons - non-residents, which represents the interests of legal persons - non-resident and is not engaged in business activities in Ukraine. On account of the "N" for doing calculations related to the content representation may be credited to funds:

    * From sales on the interbank currency market of Ukraine of foreign currency received from the respective legal entity - non-resident;
    * Received for payment of costs upon the occurrence of insurance claims;
    * On the accrued interest on balances in the account;
    * From the sale of the territory of Ukraine of wealth that belongs to the representation.

Funds from the account type "N" can be used representative of a legal entity - non-residents for:

    * Holding of the calculations relating to the content of representation (including salaries, rent, purchase and maintenance of equipment and vehicles, maintenance of buildings or premises of the mission, etc.);
    * Insurance in Ukraine, wealth and vehicles, as well as life and health of workers;
    * Enumeration representation of charitable contributions for legal entities - residents.

Hryvnia accounts such as "P" opens offices of foreign companies, through which wholly or partly carried out business activities in Ukraine.

Account type "P" is used in accordance with the rules established for the current accounts of residents of Ukraine, except in cases of purchasing foreign currencies on the interbank currency market of Ukraine.

Funds from the account type "M" can be used representative of a legal entity - non-residents to purchase on the interbank currency market of Ukraine of foreign currency with a view to transferring only:

a) the legal person - resident, which is the territory of Ukraine is a representation of the amount of funds:

    * Derived from the holding of the transactions of sale of goods (works, services);
    * Account Balance (after paying the mandatory taxes and charges) in the event of the completion activities on the territory of Ukraine, which is confirmed by relevant documents;

b) own a foreign currency account at an authorized bank of Ukraine for use in:

    * Compensation of employees - non-residents;
    * Payment of funds for travel abroad;
    * Representation expenses abroad in accordance with Ukrainian legislation.

Investment in Ukraine Account type "P" not allowed.

In addition to the current account in domestic currency may open representative office in Ukraine's current authorized banks foreign currency accounts. Current foreign exchange account is required primarily for the transfer of funds from abroad to cover the costs associated with the content of the representation.

Representative offices of foreign legal entities - residents register MVESTorg (Ministry of Foreign Economic Relations and Trade). When making the documents for registration, the applicant shall be issued bank account for payment of state fee of $ 2500.