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Legal definition · Entity type

The Ukrainian LLC (TOV), explained.

Definition page · 7-minute read

100% foreign ownership of a Ukrainian LLC is permitted. The legal mechanics resemble most European LLC frameworks: separate legal personality, limited liability for members, internal governance defined by the charter.

Ownership and members

One or more members ('учасники'), each with a percentage of the share capital. Members can be individuals or legal entities, resident or foreign. No statutory minimum capital.

Governance

Governed by the charter ('статут') and the general meeting of members. Day-to-day management is by a director (одноосібний виконавчий орган) or a board, depending on size. The director's authority is defined in the charter.

“A Ukrainian LLC is an instrument. Whether it produces residence depends on whether it produces business.”
Charter and founders' decision — the two foundational documents of a Ukrainian LLC.

Tax regimes

General corporate tax or simplified single-tax, depending on activity and revenue. Single-tax has restrictive eligibility — KVED activity codes matter.

Residence basis

Founder-route residence is available where the LLC demonstrates genuine economic activity. Shell-company structures aimed solely at residence are detected and refused.

uavisa.pk · Legal definition · Entity type · Reviewed February 2026

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