Registration of “FOP” in Ukraine

An independent business entity is an individual entrepreneur. Registration of a private entrepreneur it is your choice if you decide to open your own business, without creating, of course, a legal entity. You need to decide, even before the registration procedure itself, what you will do while running your own business. Within a period of no more than three working days from the deadline for submitting documents to the tax administration at the place of permanent registration of an individual, state registration of an individual as a private entrepreneur is carried out.

According to temporary registration, the option of opening an individual entrepreneur is likely, but in this case, the passport must not have a stamp of your permanent registration, or you will need to be discharged from your permanent place of residence. Registration with personal participation and by notarized power of attorney are common and cost-effective options for registering an individual entrepreneur.

Registration of a private entrepreneur with personal participation

Register an individual entrepreneur with personal participation, at a time when the applicant submits documents with his own hands and personally purchases ready-made documents from the tax office. You have the opportunity to prepare the documents yourself, but in this case you should read the practical guidance in a separate article. Either order a set of documents from a law firm, or open a turnkey individual entrepreneur through a law firm. Individual entrepreneur is one of the most comfortable and well-known forms of entrepreneurial activity.

• Individual entrepreneur does not request the formation of authorized capital;
• The reporting procedure is simplified as much as possible;
• the possibility of choosing the optimal taxation system;
• minimum financial resources for registration (which is important at the initial stages of business activity).

Upon completion of the registration procedure for an individual entrepreneur (PE), you will be given a document in the form of an extract from the public register, which contains information about all registered individuals and legal entities-entrepreneurs. Taking into account all of the above, in addition, such a simple procedure as registering a sole proprietor will require significant participation from you in terms of time. It is recommended that you fill out the documents in accordance with the rules, select the form of taxation and the required type of activity, register and purchase a book, find a printing company, and register with the tax office. You can safely entrust all this to the specialists of the ViConsult company.