Entering Ukrainian market - current challenges and the way to success
Entering any foreign market demands full scope analysis and complicated preparations to be successful and to meet the expectations. The whole batch of issues related to elaboration of the business strategy in a new market, establishing a legal entity, adapting to the regulations, fulfilling the compliance demands, dealing with all tax matters can be a significant challenge for any international company expanding its business.
At PwC Ukraine we are capable of guiding you through this challenging landscape to success in doing business in Ukraine. Our experts are exactly the team that you need to mitigate risks, achieve the results you expect from investment in Ukraine and to make your global business even more successful in the constantly changing business environment.
A key added value of working with PwC Legal is the global business insight we bring to all our engagements.
We are a part of the largest professional network of over 55 000 tax and legal experts across the globe. Our global Tax, Legal and People practice includes a network of corporate secretaries, lawyers and corporate governance specialists across over 83 countries. It is ideally positioned to assist multinational companies considering expanding into the Ukrainian market, or moving some operations to Ukraine.
If you are considering about investing in Ukraine, our team of experienced professionals can help you to establish and maintain legal presence in the country in the most efficient way, deal with local tax regulations, and provide up-to-the-point responses to all local challenges. Our main benefit is our integrated approach to delivering services and our commitment to delivering a simpler, faster, smarter experience: we offer legal, tax, accounting and reporting services with a seamlessly coordinated team and one point of contact for you.
How we can help
Our comprehensive support for entering the Ukrainian market encompasses a wide range of services, including expert guidance on tax and legal matters such as:
- Legal Presence Set-up
- Development of business operating model
- Internal policies
- Regulatory issues
- Tax benefits analysis
- Customs regulations
- Turn-key Transfer pricing services
- International Tax Structuring
- Tax Controversy & Tax Litigation
- IP issues
- Employment and immigration matters
- Accounting services
Legal Presence Set-up
- Advice on the appropriate form of legal presence, including tax issues, development of structure of the corporate governance according to the needs
Drafting a set of documents to establish a legal entity, representative office, joint venture or other business vehicle, arranging for its registration with the state authorities
Assisting in registration as a VAT payer
Assistance with bank account opening
Assistance with registering a legal address in Ukraine
Interim director and interim shareholder functions; corporate secretarial services
Development of business operating model
Consulting on various legal matters regarding operation of business in Ukraine
Operating model analysis from the tax and legal standpoints and providing recommendations on structuring business operations in Ukraine
Analysing and developing the contractual framework in response to business needs, drafting templates of contracts with counterparties (clients, vendors, business partners etc.), intra-group and cross-border contracts
Assistance in negotiations with counterparties and company’s subsidiary during the contracts
Internal policies
Policy on business trips
Accounting policy
Code of Conduct
HR Policies
Internal Working Regulations
Collective Agreements
Transfer pricing policy
Regulatory issues
- Consulting and assistance with obtaining licenses, permits and approvals, passing other regulatory procedures in front of Ukrainian public authorities
Tax benefits analysis
- Advice on possible tax incentives and benefits according to the clients’ business and chosen operating model
Customs regulations
- Our Customs Team is ready to provide general practical recommendations related to the specifics of customs formalities in Ukraine for release goods into free circulation and/or any customs regime which company is going to apply for its activity
- Also we are able to prepare high-level comments/recommendations on documents confirming compliance with non-tariff regulations (licences, permits, etc) and with respect to the documents which are necessary for the customs clearance
- Apart from that, our team has the greatest experience in providing services for obtaining AEO (authorised economic operator) and simplifications
Turn-key Transfer pricing services
- Various range of TP services from TP policy development to benefit test analysis and full TP compliance
International Tax Structuring
- Advising on shareholding and financing structures, IP ownership models that add value to your business
Tax Controversy & Tax Litigation
- Outsource of your communication with tax authorities: analysis of the requests, preparation of the replies, risk analysis of the requested documents & data
IP issues
- Registration of trademarks
- Rafting templates of licensing agreements
- Consulting on various IP issues
Employment and immigration matters
- Drafting templates of employment agreements with employees of the company, employment contracts management
- Advice on dealing with internal HR documents
- Consulting on labour law matters, obtaining work permits and temporary residence permits for foreign employees
- Registration of the residence permits with the local immigration authorities
- Advice on visa issues and other assistance
Accounting services
- Accounting and tax compliance services, including CPT, VAT, payroll related matters and HR administration support
Contact us
Director, Market Entry & Exit, Employment & Immigration practice, Attorneys Association "PwC Legal in Ukraine"
Tel: +380 44 354 0404
