Now LLC can be registered online

It was on April 28, 2019, that the Resolution of the Cabinet of Ministers of Ukraine dated March 27, 2019 No. 367 “Certain issues regarding deregulation of economic activity” entered into force, which approved a new version of the model statute of LLC and unlocked the possibility of registration of LLC, both at the request to the state registrar and online.

As a result, on July 9, 2019, the Ministry of Justice of Ukraine announced that new electronic services in the field of registration of legal entities were launched in Ukraine on the portal “Online Justice House” and the web-portal of the Cabinet of Ministers of Ukraine in the section “Electronic Services”.

This allows one to register an online limited liability company operating under a model statute.

New services apply not only to the newly established, but also existing LLCs, since they provide the opportunity to remotely choose a management model, name, executive management, activities, the procedure for payment of dividends, increase the authorized capital amount and convene a general meeting, as well as choose a system of taxation.

Thus, the introduction of these services greatly simplifies the conditions for the arrangement of conducting its own business in Ukraine, and reflects the relevance of e-government for reforming the Ukrainian system of public administration at all levels.

– Vladimir Tabachinsky, a lawyer at the “Dynasty” Law Firm.

 

Publications 19 July, 2019

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