Remote vs in-person timeline differs significantly
Founders based in Bangladesh who register remotely face 3–5 weeks total due to document shipping. Founders physically present in Ukraine can complete registration in 7–21 working days. Bank account opening adds time in both scenarios — foreign nationals face longer KYC processing at Ukrainian banks.
Day-by-Day Timeline (Remote from Bangladesh)
| Days | Stage | What happens | What can cause delay |
|---|---|---|---|
| Day 1–2 | Statutory document preparation | Ukrainian lawyer drafts charter, founder decision, and list of participants for the TOV (Товариство з обмеженою відповідальністю — Ukrainian LLC) | Founder information incomplete; business activity codes (KVED) not agreed; registered address in Ukraine not yet secured |
| Day 3–5 | Notary certification in Ukraine | Ukrainian notary certifies charter and founding documents; for a remote founder, a notarised Bangladeshi passport copy with an MFA Bangladesh apostille and a certified Ukrainian translation | Wartime delays at notaries in certain cities; notary refuses to accept apostilled Bangladeshi documents without additional certification |
| Day 1–5 (parallel, Bangladesh) | Passport copy and apostille for a remote founder | Notarised copy of the founder's passport data page, apostilled by the Ministry of Foreign Affairs of Bangladesh, then certified Ukrainian translation; ask the Ukrainian notary what form they need | MFA apostille processing time per the MFA portal; no Ukrainian embassy step since Bangladesh joined the Apostille Convention (30 March 2025); start before Day 1 |
| Day 6–8 | Submission to state registrar | Application submitted to the state registrar via the Diia portal (online) or in person at a Centre for Administrative Services (CNAP); registration fee paid | Diia portal technical issues; registrar requests additional documents; discrepancy between founder details and the apostilled passport copy |
| Day 9–11 | EDRPOU code issued | Upon successful registration, the Unified State Register assigns an EDRPOU code (the Ukrainian company identification number); typically 1–3 working days after submission acceptance | Application returned by registrar (restarts clock); system errors in Diia portal registration flow |
| Day 12–15 | Tax registration | Tax registration is automatic upon EDRPOU issuance in most cases; company registered as a taxpayer with the State Tax Service; VAT registration (if needed) is a separate step | Automatic tax registration works for standard TOV; atypical tax arrangements (simplified system, VAT from day 1) require additional filing and add 3–5 days |
| Day 16–21 | Bank account opening | Ukrainian corporate bank account required for business operations; foreign founder identity documentation verified by bank KYC; account activated after compliance review | Foreign nationals face longer KYC processing (5–10 days at most banks); some banks require director to be physically present; smaller banks may refuse foreign-owned companies without established Ukrainian presence |
Remote vs In-Person: Side-by-Side
| Step | Remote (from Bangladesh) | In-Person (in Ukraine) |
|---|---|---|
| Passport copy | Notarised copy + MFA Bangladesh apostille + certified translation; MFA time per its portal | Notary appointment in Ukraine with original passport: same or next day |
| Power of Attorney | Required (apostilled, shipped to Ukraine): 1–2 weeks | Not required if founder attends in person |
| Document shipping | 5–10 days DHL/FedEx international courier | Not applicable |
| State registration | Same: 1–3 working days | Same: 1–3 working days |
| Bank account opening | Longer KYC for absent foreign founder: 7–14 days | Faster if director present: 3–7 days |
| Total | 5–7 weeks end-to-end | 7–21 working days |
Key Requirements for Foreign (Bangladeshi) Founders
Registering a Ukrainian company as a foreign national involves requirements that do not apply to Ukrainian citizen founders. Bangladeshi founders should be aware of the following before starting:
- Ukrainian tax identification number (РНОКПП / INN): The director of a Ukrainian company must have a Ukrainian tax identification number. For foreign nationals, this is obtained from the State Tax Service and requires a personal visit to Ukraine with a valid visa or valid TRP. Without this number, a foreign national cannot be registered as company director.
- Registered address in Ukraine: The TOV must have a registered legal address in Ukraine. This can be a real office, a home address (if the director lives in Ukraine), or a virtual office service. The address must be active and verifiable — state registrar checks are not uncommon.
- Wartime delays at notaries: Notary services in certain Ukrainian cities have been affected by wartime conditions. Western Ukrainian offices in Lviv, Ternopil, and Vinnytsia generally operate normally. Allow extra time if your Ukrainian lawyer is based in an affected region.
- Remote founder's passport copy: a notarised copy of the Bangladeshi passport data page with an apostille from the Ministry of Foreign Affairs of Bangladesh, then a certified Ukrainian translation. The Embassy of Ukraine step no longer applies. Start it before the notary appointment.
Total Timeline Summary
| Documents prepared (by lawyer) | Day 1–2 |
|---|---|
| Notary certification | Day 3–5 |
| State registrar submission | Day 6–8 |
| EDRPOU code issued | Day 9–11 |
| Tax registration (automatic) | Day 12–15 |
| Bank account opened | Day 16–21 |
| Total (in Ukraine, founder present) | 7–21 working days |
| Total (remote, from Bangladesh) | Add the MFA apostille time and courier to the 7–21 working days |
Related Pages
Ready to register a Ukrainian company as a Bangladeshi founder? Our legal team handles the full registration process remotely — from charter drafting to EDRPOU and bank account setup.