Ukraine Company Registration FAQ for Bangladeshi Founders

Can a Bangladeshi citizen be the sole owner and director of a Ukrainian company?

Yes. Ukrainian law allows a single foreign national to be both the sole shareholder and director of a TOV (LLC). No Ukrainian co-founder is required. However, as director, you will need a Ukrainian tax number (РНОКПП / ідентифікаційний код), which requires an in-person visit to the tax authority or advance preparation.

What is the minimum share capital for a Ukrainian TOV?

Ukrainian company law does not set a minimum share capital for a TOV. In practice, a nominal amount (e.g., UAH 1,000) is sufficient legally. For a founder TRP, however, your share in the charter capital must be at least EUR 100,000 (Law No. 3773-VI, Art. 4(12)) — a UAH 1,000 company gives no TRP ground.

Does registering a company automatically give me a TRP?

No. A founder TRP requires a share of at least EUR 100,000 in the charter capital (Law No. 3773-VI, Art. 4(12)); DMSU then decides on the application with the founding document, the company's undertaking and proof of the share (Resolution No. 322, para. 33, item 9). A smaller company gives its founder no TRP ground.

How long does company registration take?

See /library/processing-times/company-registration-timeline. Summary: 7–21 working days for the registration itself. Add bank account opening (3–14 days for foreign directors) and Ukrainian tax number acquisition if you do not have one.

What is an EDRPOU code?

EDRPOU (Єдиний державний реєстр підприємств та організацій України) is Ukraine's national business registry number — a unique 8-digit identifier for every registered entity. It is the primary verification tool. Anyone doing business with your company will check your EDRPOU at data.gov.ua. See /library/legal-definitions/edrpou-explained.

What taxes does a Ukrainian TOV pay?

Options: (a) єдиний податок / single tax system Group 3: 5% of revenue (VAT-free) or 3% (VAT-payer). Simple bookkeeping. (b) General system: 18% corporate income tax on profit + 20% VAT if turnover exceeds threshold. For a small operation, Group 3 single tax is simpler. A Ukrainian accountant is essential — budget UAH 3,000–8,000 per month.

Can I open a Ukrainian bank account as a foreign director?

Yes, but it is increasingly complex post-2022. Ukrainian banks require enhanced due diligence for foreign nationals. Plan for 1–4 weeks and have apostilled corporate documents and a certified translation of your passport ready. Some banks are more foreign-director-friendly than others.

Do I need to be physically in Ukraine to register a company?

For most steps, yes — notary visits and state registrar filings typically require in-person presence or a Ukrainian-licensed power of attorney (notarised and apostilled). It is possible to register via POA, but the director tax number registration usually requires an in-person visit to the Ukrainian tax authority.

What happens to my company if I leave Ukraine?

The TOV continues to exist and has ongoing tax and reporting obligations regardless of where the director is physically located. A founder TRP rests on the founder status and the EUR 100,000 share; trips abroad still count for continuous residence if you later apply for an immigration permit (Law No. 2491-III, Art. 1). Discuss continuity planning with your accountant and legal adviser.

Can I sell goods or services to customers in Bangladesh from my Ukrainian TOV?

Yes — a Ukrainian TOV can enter into foreign contracts and receive foreign currency. Currency control regulations apply to foreign receipts. Consult a Ukrainian tax adviser on the correct invoicing and tax treatment for cross-border transactions.

What happens if I register a Ukrainian TOV but never actually conduct business?

The State Tax Service monitors registered entities: unfiled returns create penalties and can lead to the company being flagged or struck off, and a liquidated company ends a founder TRP and any work permit tied to it. Keep filing nil returns or liquidate formally.

Can I have employees in my Ukrainian TOV as a Bangladeshi director?

Yes. A Ukrainian TOV can hire employees regardless of the director's nationality. However, employment triggers a set of Ukrainian Labour Code obligations: you must issue formal employment contracts, register the employment relationship with the tax authority (повідомлення), process payroll in UAH, deduct personal income tax (18%) and military levy (5% since 1 December 2024, Law No. 4015-IX) from salaries, and pay the unified social contribution (ЄСВ) at 22% of gross salary to the social insurance system. Managing all of this correctly requires a Ukrainian accountant — the penalties for payroll non-compliance are significant. Budget UAH 4,000–10,000 per month for accounting services if you have employees.

What is the difference between TOV and FOP for immigration purposes?

TOV (Товариство з обмеженою відповідальністю) is a limited liability company — a separate legal entity with its own EDRPOU code, bank account, and legal standing. FOP (Фізична особа-підприємець) is a sole trader registration attached directly to your individual identity. For immigration purposes, a TOV provides a stronger TRP ground: DMSU views a TOV as a more substantial economic presence because it is a distinct corporate entity with potential employees, premises, and contracts. A FOP is easier and faster to register (often 1–3 days), but DMSU may scrutinise FOP-based business TRP applications more closely because a sole trader registration alone demonstrates less economic substance. For most Bangladeshi nationals seeking a durable TRP ground, a TOV is the more defensible basis — at the cost of higher setup complexity and ongoing accounting obligations.

Do I need to be physically in Ukraine to renew my TRP if I own a Ukrainian company?

The founder ground is the stake of at least EUR 100,000 in the charter capital (Law No. 3773-VI, Art. 4(12)); for the exchange you file the current TRP, the base documents, insurance for the new period and the founder documents (Resolution No. 322, paras. 39–40, 33). Time abroad matters for a later immigration permit: a single private trip over 90 days, or more than 180 days abroad in a year, breaks continuous residence (Law No. 2491-III, Art. 1).

Can a Ukrainian TOV own property or sign leases?

Yes — a Ukrainian TOV can own real property (purchase, hold, and sell it), sign commercial leases for office or business premises, and enter into contracts in its own name as a legal entity. A lease for real business premises helps with banks and counterparties; the founder TRP itself rests on the EUR 100,000 stake. If your company operates from your residential address, ensure this is permitted under Ukrainian zoning rules and is clearly described in the company charter.

TOV vs FOP — Quick Comparison Table

Key Dates and Deadlines to Track

Ready to register your Ukrainian company?

We coordinate company registration for Bangladeshi founders — from EDRPOU to tax number to bank account. Our flat-rate package covers the full registration process.

Further reading — company registration in context

A company gives a TRP ground only to founders with a share of at least EUR 100,000 (Law No. 3773-VI, Art. 4(12)); the other main TRP routes are employment (work permit) and study. For most applicants, the employment route is more straightforward and carries lower compliance obligations. Company registration makes sense when you have a genuine business purpose in Ukraine — consulting, IT services, trade, or a product business — and the business can demonstrate real revenue-generating activity from day one. If your primary goal is to obtain a TRP while employed by a Ukrainian company, the employment-based route avoids the tax, accounting, and substance obligations that come with running a Ukrainian TOV.

If you are uncertain which route best fits your situation, an eligibility assessment will map your specific circumstances to the available TRP routes and give you a clear recommendation before you commit to the registration process.

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