Choosing and changing KVEDs for limited liability companies has its own complexities and legal peculiarities, which are not always obvious to entrepreneurs. Find out more about how to choose the right KVED, avoid penalties and ensure the proper functioning of your business in Ukraine

Legal advice on doing business in Ukraine

GET

Selecting and changing KVEDs for a limited liability company is a complex process that requires in-depth legal knowledge and a professional approach. Ukrainian business legislation is quite complex, so it is very difficult to understand all the nuances of registration procedures on your own, especially for foreigners.

Entrepreneurs are constantly faced with many formalities, nuances of document flow and legal subtleties. Therefore, the most rational solution for business owners is to engage qualified lawyers who have practical experience in supporting companies. Professional assistance will help you avoid potential mistakes and save time and money.

We will tell you how to choose or change KVEDs for an LLC in this article.

How to choose KVEDs for a Limited Liability Company in Ukraine?

The process of selecting and changing qualified economic activities requires a careful approach. This process may seem complicated, especially for foreigners doing business in Ukraine.

Each KVED is not just a digital code, but an official definition of the direction of business activity. It is important to reflect the real scope of the company's activities as accurately as possible, as the wrong KVED may result in the following consequences:

- loss of the single tax payer status, which means that the company loses the simplified accounting and reporting system;

- transfer of the LLC to a more complex and costly national taxation system with high financial burdens;

- imposition of financial penalties by the regulatory authorities and increased scrutiny of the company's activities, which may be accompanied by lengthy and tedious documentary review procedures.

That is why it is worth trusting professional lawyers in this matter, who, first of all, will take all necessary measures to avoid troubles associated with doing business in Ukraine:

- thorough analysis and establishment of the most accurate KVEDs that fully correspond to the actual business profile of the company;

- preparation of a set of documents taking into account international requirements and peculiarities of foreign document flow;

- carrying out all the necessary administrative and registration procedures in Ukraine, including interaction with state authorities;

- examination of the areas of activity for the need to obtain special permits and licences, in particular for such areas as medicine, construction, security, etc. where the law provides for special conditions for conducting business.

It is important to note that when doing business in Ukraine, it is important to be aware of all the nuances of the law, as any inaccuracy can have serious consequences. That is why we advise you to seek the assistance of qualified lawyers who will put all documents in order and set up all legal processes in your company.

Don't want to miss important updates and useful articles? Subscribe to our weekly newsletter!

Professional advice on doing business: support from a qualified Visit Ukraine lawyer

Visit Ukraine lawyers specialise in comprehensive business support for both Ukrainian and foreign entrepreneurs. They understand the complexity of business registration and modernisation processes in the Ukrainian context.

We advise you to trust a professional who will help you avoid common mistakes related to registration procedures.

A qualified business lawyer provides a full range of services: from consulting and selection of KVEDs to support of all necessary registration actions.

We especially recommend that investors who are just starting their business in Ukraine seek legal advice. Visit Ukraine's lawyers have extensive experience working with international companies, know the specifics of the legislation and can quickly and professionally resolve any difficulties.

On the Visit Ukraine portal, you can order legal advice on business issues for both Ukrainians and foreigners.

Do not delay professional legal support for your business - each business project is unique and requires a deep expert understanding of the legal framework. Our experts create individual legal protection strategies, taking into account the specifics of your industry, form of ownership and potential risks. We not only help you avoid legal barriers, but also provide a solid legal foundation for the sustainable development of your company.

Just a reminder. Every year Ukraine becomes more and more attractive to foreign investors, tourists and professionals. Read more about professional legal assistance to foreigners in resolving migration issues in Ukraine, how to obtain a residence permit, citizenship, employment and other services and documents with the support of experienced lawyers here.

Photo: Freepik

Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.

We recommend purchasing it for a safe and comfortable trip to Ukraine: 

Visit Ukraine Insurance – insurance covering military risks for entry and travel in Ukraine;

Visit Ukraine Car Insurance – car insurance with extended coverage in Ukraine;

Visit Ukraine Legal Advice – comprehensive legal support on entry to Ukraine;

Visit Ukraine Tickets – bus and train tickets to/from Ukraine;

Visit Ukraine Tours – the largest online database of tours to Ukraine for every taste;

Visit Ukraine Hotels – hotels for a comfortable stay in Ukraine;

Visit Ukraine Merch – patriotic clothing and accessories with worldwide delivery.

© 2018-2024, Visit Ukraine. Use, copying or reprinting of materials on this site is permitted only with a link (hyperlink for online publications) to Visit Ukraine.

All rights reserved.