Setting Up a Company |
Working Conditions |
Cost of Labor |
Social Partners
Setting Up a Company
Legal Business Entities
| Types of Companies and Capital (Max/Min) |
Number of Partners/Shareholders and Liability |
|
Private Limited Company
Minimum: around EUR 81.82
|
No minimum. Max: 10
Limited to capital
|
|
Public Limited Company
Minimum: around EUR 89,600
|
No minimum nor maximum
Limited to capital
|
- The Competent Organization
-
The formation of a company with foreign shareholding has to be registered with the local administration where the headquarter of the company being formed is situated.
It is also necessary to register with the Minisry of Foreign Relations and Trade.
| Setting Up a Company |
Ukraine |
Eastern Europe & Central Asia |
| Procedures (number) |
10.0 |
6.3 |
| Time (days) |
27.0 |
16.3 |
Source: Doing Business.
- Business Setup Procedures
-
Consult Doing Business Website, to know about procedures to start a Business in Ukraine.
Business Support Department
Working Conditions
- Legal Weekly Duration
-
44 hours for services and trade and 48 hours for industry.
- Retirement Age
-
55 for women and 60 for men.
- Working Contracts
-
Employment contracts are regulated by law, collective agreements and individual negotiations. An employee is on probation of 1 to 3 months. During this period, the employee can be dismissed or confirmed. There are three employement contracts: Permanent, temporary and provisional.
Cost of Labor
- Minimum Wage
-
669 UAH (84 USD). It should be noted that salaries have to be paid twice a month: half the salary every two weeks.
- Average Wage
-
Average monthly gross earnings in Ukraine is UAH 2,083 (USD 268).
- Social contributions
-
Social Security Contributions Paid By Employers: 47.5 %.
Social Security Contributions Paid By Employees: 1.5 %.
Learn more about Operating a Business in Ukraine on Globaltrade.net, the Directory for International Trade Services.
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Last Updates: January 2012
Ukraine: Operating a Business