Setting Up a Business with a Foreign Element in Lviv: Your Path to the Ukrainian Market
Today Lviv is not only a cultural capital but also a powerful business hub on the EU border. IT,
logistics, manufacturing and services attract foreign capital like a magnet. Yet between the wish to
invest and the first profit lies a complex maze of Ukrainian law.
Setting up a business with a foreign element in Lviv is not just a standard LLC registration.
It is an equation with many unknowns: from obtaining a tax number for a non-resident to the nuances
of currency control and immigration law. The O'LAW team specialises in turning this process
into a clear algorithm.
Foreign investment
LLC registration
Tax number (RNOKPP)
Immigration law
What Counts as a "Business with a Foreign Element"?
By this term we mean the registration of a Ukrainian legal entity (most often an LLC) whose founder is:
Non-resident individual
A foreigner who wants to open a business in Ukraine. To start, a passport and a Ukrainian tax number are required.
Non-resident legal entity
A parent company abroad opening a subsidiary. Documents on the company's registration in its country of origin are required.
The Foundational Stage: Document Preparation
Most mistakes happen before arrival in Ukraine. The Ukrainian state registrar will not accept documents issued in another country without proper formalisation (apostille or legalisation).
Step-by-Step Registration Algorithm in Lviv with O'LAW
1
Obtaining the RNOKPP
A foreigner cannot become a founder without a Ukrainian tax number. We obtain it by power of attorney within 3-5 days.
2
Document preparation
Drafting the LLC Charter (bilingual), the meeting minutes and the ownership structure with the foreign investor's interests in mind.
3
State registration
Filing documents with a notary or registrar in Lviv. The company appears in the state register within 24 hours.
4
Opening an account
Help passing financial monitoring (KYC) for companies with foreign capital and opening multi-currency accounts.
Critical nuance: Foreign director
A foreigner is not entitled to be the company's director immediately upon registration
without a work permit.
O'LAW solution: We provide a "temporary director" service. Our lawyer heads the company at
the registration stage, obtains the permit for you, and afterwards you take the position.
FAQ: Popular Investor Questions
Planning to invest in Ukraine?
We will help you open a business safely and obtain work permits and residence permits for founders.
Phone: +38 063 404 67 68
Email: o3law.company@gmail.com
We communicate in Ukrainian and English. Confidentiality guaranteed.
