A noticeable share of Ukrainian businesses operate fully or partly in the shadow economy. Most of the shadow sector consists of micro and small businesses.
Business activity is, first and foremost, the sale of goods, works and services with the aim of earning income.
Because business activity is so varied, it is classified by type.
Types of business activity
Entrepreneurial activity can be of two kinds:
- commercial;
- non-commercial.
Commercial activity is carried on to make a profit.
Non-commercial activity pursues certain economic and social results with no profit motive.
Business activity is usually divided into the following sectors:
- manufacturing;
- trade;
- banking;
- insurance;
- innovation;
- concessions;
- joint investment, and others.
Bringing a business within the law in Ukraine is quite achievable with help from specialists in several areas of law. Once your operations are fully legal, you can work within the legal framework, rely on legal protection for your business and face inspections without fear.
The legal basis of the permit system for business activity, the procedures of the authorities that issue permits and the role of state administrators are set out in the Law of Ukraine "On the Permit System in the Sphere of Economic Activity" (Про дозвільну систему у сфері господарської діяльності).
Why Key Solutions?
We help you bring your business fully within Ukrainian law. Business (entrepreneurial) activity is allowed only after state registration in the manner prescribed by law and completion of the other required legal steps. Only a business that has met every statutory condition for obtaining the necessary certificates, licences (permits) and other documents may operate lawfully, count on state support and have its rights and legitimate interests protected.
As we bring your business within the law, our consultants will propose the best structure for its specific needs and a set of measures to optimise taxation under current legislation.
Remember that a business can scale only once every one of its transactions is fully legal. Let's create added value together!
Our offer
Professional accounting support. Your accountant always replies on Viber, Telegram or by phone within 3 minutes.
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