Рopular news

New provisions of state registration of real estate

The government presented a new edition of Order of real estate ownership state registration (Resolution №553 of August 23, 2016). The new provisions, in particular, define list of cases where the application may be submitted in electronic form. Also the registrar now independently checks the registration the completion of construction in…

Decentralization of the Ministry of Justice of Ukraine

The Ministry of Justice of Ukraine gradually decentralizes its powers. Delivering of administrative services to citizens smoothly goes into the competence of local authorities and notaries. After transferring the real estate and business entities registration to local authorities the next step will be transferring the functions of civil registration. The…

The abolition of pensions taxation – to be or not to be?

Yesterday (May 19th, 2016) the draft-law on this issue was adopted. Now there exists an article 164.2.19 of the Tax Code of Ukraine, which says that month pensions (if their sum is more than 3 minimum salaries) is a basis for taxation. The draft-law proposes to abolish this norm and…

A new Law on LLCs

A new draft-law is on examination now in Ukrainian parliament, entitled “On limited liability companies and additional liability companies”. Its adoption will cause further amendments to the Civil Code, Economic Code, Law “On Notary Service” etc. For example, it is proposed: -       To abolish the maximum quantity of participants of…

New applications for legal entities

…Recently we have been submitting “registration forms No…” to the State Registrar, in November’15 they turned into “Applications”, and in 10 days since today they will be changed again. Now the reforms deal with registration of legal entities’ separated units. In particular, Ministry of Justice approved new blanks for: a)     …

VAT and the place of supply of services of employment agencies

There is  explanations  on the VAT taxation of the activity of employment agencies. This procedure of taxation depends on the place of supply of services. For the secondment  the place of supply of services set forth in this clause shall be the place of registration of the service recipient as…

Changes concerning the compulsory registration of foreign investments

On May, 10 Ukrainian Parliament approved the bill, which proposes changes to the legislative provisions concerning the compulsory registration of foreign investments. It is proposed to delete Article 395 of the current edition of the Business Code of Ukraine, which stipulates that foreign investments  must be obligatory registrated and the absence of…

The Ministry of Justice declared the completion of reform in the field of business and real estate state registration

The Ministry of Justice  officially completed reformation  state business registration and rights to real estate, which lasted almost one year. Now, instead of the state registrars, these functions are performed by local governments and private notaries. For the first time introduced the principle of extraterritorial registration, which provides the registrations regardless…

The parliament legalized farms as full participants in the agricultural market

05.01.2016  came into force the law №1067-19, which (in opinion of creators of this law) started the process of implementing the European model of agriculture and  create conditions to start own agribusiness. The law provides that a farm can be registered in accordance with the law only if the person, who wishes to establish a farm…