By Resolution No. 893 dated 23th of October, 2019, the Cabinet of Ministers of Ukraine simplified the procedure for registration of Representations of foreign companies in Ukraine. The document introduced the following changes:
• reduced official payment for registration of foreign missions to 1 subsistence minimum for able-bodied persons (in 2019 – UAH 1921), previously such payment was $ 2500;
• Reduced registration of foreign Representatives from 60 to 20 working days;
• for foreign economic entities resident of the aggressor state, the registration of a representative office in Ukraine will cost 30 subsistence minimums for able-bodied persons and last up to sixty working days from the date of submission of documents.
These changes greatly facilitate the procedure for registration of foreign Representations and are implemented by the Cabinet of Ministers of Ukraine as part of the removal of barriers to foreign investment in Ukraine.
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