In Ukraine, foreign companies and investors have the opportunity to open corporate bank accounts, which allows them to conduct financial operations on the territory of the country.
However, this process is accompanied by a number of legal and practical aspects that require attention and professional support.
Our law firm specializes in opening corporate accounts for non-residents in Ukraine and is ready to provide you with comprehensive assistance in this process.
In these cases necessary to discover corporate accounts in Ukraine for non-residents
Opening a corporate bank account in Ukraine for non-residents may be necessary in various situations.
This may include the following:
- Doing business in Ukraine. If you plan to expand your business on the Ukrainian market, you will need a corporate account for financial transactions and settlements with Ukrainian counterparties.
- Investments in Ukraine. Foreign investors who intend to invest in Ukrainian projects must also have a corporate account to transfer funds and receive profits.
- Tax optimization. A corporate account can also serve as a means of optimizing taxes and avoiding double taxation.
There may be difficulties for non-residents of Ukraine with the opening of a corporate account
Opening a corporate account in Ukraine for non-residents can be a difficult task due to a number of factors, including:
- Legal context. Ukrainian legislation can be difficult to understand, especially for foreigners. Violation of legal norms can lead to undesirable consequences.
- Choosing a bank to open an account with is important and can be an important step in the process.
How to choose a bank for opening a corporate account in Ukraine for non-residents
Choosing a bank to open a corporate account in Ukraine is an important and strategic step for non-residents. The decision about a bank is determined by a number of factors, which include the bank’s reputation, services provided, customer requirements, tariffs, and location.
Let’s consider this process in more detail.
- Reputation and reliability of the bank.
The first step in choosing a bank is to analyze the bank’s reputation and reliability. It is important to consider the long-term operation of the bank in the market, its history, and stability.
Make sure the bank has a good reputation for non-resident services and places emphasis on providing a high level of privacy and security for customers.
- Services and requirements.
Different banks may provide different services and have different requirements for their customers.
Carefully check whether the bank provides the services you need, such as currency exchange, internet banking, the ability to open an account in foreign currency, and others.
Compare minimum deposit requirements, final balance levels, and other restrictions.
Evaluate the rates and commissions that the bank charges for maintaining a corporate account.
It is important to understand the costs associated with opening and maintaining an account.
Be aware of charges such as monthly service fees, transaction fees, account opening and closing fees, and the cost of statements and other services.
It can be important for ease of maintenance.
Choosing a bank with offices or branches in the places where you plan to expand your business can simplify interactions and reduce the cost of transporting funds.
Finally, an equally important factor is the possibility of receiving professional support from the bank.
This includes advice on the selection of a suitable account and opening procedures, as well as assistance with the development of the necessary documentation and solving other issues.
Which are needed documents for opening corporate accounts in Ukraine for non-residents
The following documents are usually required to open a corporate account in Ukraine:
- Company charter.
- Passport of the director and other authorized persons of the company.
- Account opening decision.
- Power of attorney for a representative of a law firm (if a law firm is used to open an account).
How our law firm helps
Our law firm is ready to provide full support at all stages of opening a corporate account for non-residents in Ukraine.
Our lawyers have in-depth knowledge of the law and experience working with foreign clients, which will allow you to avoid complications and ensure the correct process of opening an account.
Opening a corporate account in Ukraine for non-residents is an important step for the development of business and investments in this country.
Our law firm is ready to provide you with the necessary support to make this process as simple and reliable as possible.
Do not hesitate to contact us for additional information and advice on opening corporate accounts in Ukraine for non-residents. Our lawyers are always ready to help you make
For consultation or calculation of the price of opening corporate accounts in Ukraine for non-residents, fill out the form below.