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flag Ukraine Ukraine: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

Private Limited Company
Number of partners: No minimum. Max: 10
Capital (max/min): Minimum: around EUR 81.82
Shareholders and liability: Limited to capital
Public Limited Company
Number of partners: No minimum nor maximum
Capital (max/min): Minimum: around EUR 89,600
Shareholders and liability: Limited to capital
Joint-stock company
Number of partners: From 1 to 100 shareholders.
Capital (max/min): No minimum capital requirement.
Shareholders and liability: Liability is limited for some partners and unlimited for others.
The Competent Organization
The formation of a company with foreign shareholding has to be registered with the local administration where the headquarter of the company being formed is situated.
It is also necessary to register with the Ministry of Foreign Relations and Trade.
 
Setting Up a Company Ukraine Eastern Europe & Central Asia
Procedures (number) 7.0 6.0
Time (days) 22.0 14.0

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Ukraine.
Business Support Department

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The Active Population in Figures

201120122013
Labor force 22,060,00022,060,00022,170,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -58.10%59.30%
Men activity rate 65.40%66.20%66.60%
Women activity rate 52.00%53.00%53.30%

Source: UN - United Nations

 
Employed Persons, by Occupation (% of Total Labor Force) 2008
Education 8.1%
Transport and Storage 7.0%
Health and Social Work 6.5%
Real Estate, Renting and Business Activities 5.5%
Construction 5.0%

Source: International Labor Organization (ILO)

 
For Further Information About the Labor Market
COE, Labor migration
Statistics on the Ukrainian labor market

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Working Conditions

Legal Weekly Duration
44 hours for services and trade and 48 hours for industry.
Retirement Age
55 for women and 60 for men.
Working Contracts
Employment contracts are regulated by law, collective agreements and individual negotiations. An employee is on probation of 1 to 3 months. During this period, the employee can be dismissed or confirmed.  There are three employment contracts: Permanent, temporary and provisional.
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

Minimum Wage
UAH 1,004 per month (source: ILO, 2011).
Average Wage
Gross average monthly wage of men: UAH 3,035 (source: ILO, 2011);
Gross average monthly wage of women: UAH 2,272 (source: ILO, 2011).
Social contributions
Social Security Contributions Paid By Employers: 47.5 %.
Social Security Contributions Paid By Employees: 1.5 %.

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Social Partners

Social Dialogue and Involvement of Social Partners
The Federation of Ukrainian Trade Unions, which unites 44 unions and 26 regional associations, brings together more than 10 million members.
Unions
Ukrainian Trade Union Federation
List of Ukrainian trade unions
Unionization Rate
The Ukraine has nearly 15 million unions for an active population of 22 million people.
Labor Regulation Bodies
Ministry of Labor and Social Policy

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Learn more about Operating a Business in Ukraine on Globaltrade.net, the Directory for International Trade Service Providers.

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Last Updates: February 2015