What do you need to know when opening a bank account?

What is a bank account?

Lots of people want to do business and make big money. To do this, you first need to find a product or service that will sell well. After the problem with the products is solved, it is necessary to make your activity legal. This issue is closed by a simple registration of the enterprise through a lawyer, notary and state registrar. Further, it is necessary to issue a key for the electronic signature of the company and open a current account in the bank. If the first task is completed within a few hours, then the second requires attention from several days to several weeks and maybe even months.

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How to do Liquidation of a legal entity

Why liquidate a legal entity?

First, you need to remember why entrepreneurs create companies at all? For profit! Someone is good, and someone is bad. But in the first and second options, after a while a person needs to close the organization. There is also a third option, when people give up cantors. But in the latter case, the fiscal services begin to charge penalties for non-filing of tax reports, and the VAT payer certificate is canceled. And they may even block the activity, in such a situation it will be difficult for the enterprise to restore or terminate.

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Online store taxation

What is Internet trading, taxation in Ukraine?

From the end of the twentieth century, more precisely, from the mid-nineties, the Internet began to develop intensively in the United States of America, which implied relatively fast, remote access to documents without the need to visit archives, libraries. Over time, approximately, at the beginning of the two thousandth, this so-called miracle began to be used throughout the developed world. All sorts of sites and search engines have appeared.

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What taxes are paid by a non-resident of Ukraine

What are the taxes for foreigners in Ukraine?

When considering this issue, first, it is worth paying attention to the constitution of our country. The main law says that all people are equal, citizen, foreigner and stateless person. This means that a non-resident has the same rights and freedoms as everyone else. And this, in turn, implies that such a person bears responsibility on an equal footing with everyone. That is, the taxation of foreigners is not subject to benefits and special preferences.

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Taxation in IT sphere

Taxation of information services in Ukraine?

The Cabinet of Ministers, together with the fiscal services, is constantly trying to create conditions in order to attract additional funds to the country’s budget. Since the information sphere is developing at a great pace every year, it is logical that officials wanted to get this pie under control, or as they say: “Proper administration”. But this market segment is extensive and the state simply does not have enough strength and resources to cover it completely. First, they took under the guardianship of news agencies with digital publications and the Ministry of Justice is now successfully issuing registration certificates to such organizations with the right to broadcast on the territory of Ukraine. As a rule, such companies choose the general taxation system. Secondly, they are trying to control online stores. Now, in order to sell goods, services online, you need to at least open an individual entrepreneur and keep records of the products sold and report once a quarter through the taxpayer’s electronic account. Naturally, it is necessary to pay a single social contribution, regardless of whether there was a profit or not. But an online store is a separate topic, today we will only talk about virtual products, and specifically, about software development services and VAT for them.

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Law of Ukraine “On the Ukrainian language”, what does a business owner need to know?

Law of Ukraine “On the Ukrainian language”, the consequences for the re-registration of the charter?

The Law of Ukraine “On ensuring the functioning of the Ukrainian language as the state language”, which entered into force on the territory of our country on January 16, 2021, led to numerous disputes. If everything is clear for state structures (everything should work in Ukrainian), then there are many disputes among entrepreneurs. Especially, the media add fuel to the fire. Many LLC have names in foreign languages, often in English, Russian. Most also have the official Internet resource of the company with a link to the Russian version. The founders rushed en masse to re-register the company’s charter, so that everything was in the state language. It is believed that in this way the firm will avoid a fine. But in reality, this is not worth doing!

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Do I need to stamp outgoing mails

Are outgoing mails stamped?

This is a frequently asked question by aspiring and even experienced secretaries, directors and accountants. It is worth remembering that in 2014, amendments were made to the legislation of Ukraine regarding the rules for the production and use of printing in document flow at enterprises and government agencies. The essence of these innovations lies in the fact that the licensing system has been abolished in the manufacture of various kinds of stamps. Now every citizen can independently and without the knowledge of the owner of any company make a seal.

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Change of legal address and tax office

What is a change of legal address and tax office?

Experienced and novice businessmen know that during the initial or secondary registration of a company it is necessary to indicate the location of the company. This information is entered into an open database of the Ministry of Justice of Ukraine called the Unified State Register of Enterprises and Organizations. The location is indicated so that the taxpayer can be easily found to transmit requests and other official documents. If the office changes its location, then you will have to go through the re-registration procedure so that government agencies know where to send letters or where to carry out a scheduled, unscheduled check.

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Consent to provide a legal address sample

Consent to provide a legal address, where can I find a sample?

On the market of services for entrepreneurs in Kyiv and throughout Ukraine, there are many offers of a virtual office for companies that are just planning to register. But do not forget that renting premises is one of the most important stages in creating a new company. Letters from government bodies and courts will be sent to the director’s official office. If the correspondence is not handed over and returned to the sender with a note: “Not located at the place of registration”, big problems may begin in the form of blocking tax invoices. And this is already responsibility not only to the government of Ukraine, but also to contractors.

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