Introduction of one-stop-shop alone cannot ease the administrative burden
accompanying registration. As the Ukrainian experience has demonstrated so far, the
number of procedures matters, since each of them requires some paperwork and the
collection of accompanying documents, which also involve some costs. An investor who
decides to register a company in Ukraine has to deal with 15 procedures and this number
places Ukraine close to the end of the list of 155 countries for which this data has been
collected.42
Only five countries: Belarus, Brazil, Paraguay, Uganda and Chad require more
procedures to get a limited liability company registered than does Ukraine, while four
countries: Argentina, Bolivia, Greece and Guatemala have the same number of formalities.
Let us also notice that the average number of registration formalities in the CIS countries43 is
8.3 - close to two times lower than in Ukraine. At the other extreme, there are countries with
the most friendly environment for business, where only two (in Australia, Canada, New
Zealand), three (in Denmark, Finland, Ireland and Sweden) or four (in Belgium, Norway)
formalities need to be passed to start a business.
The registration process in Ukraine is time- and money-consuming, since prior to
visiting the one-stop-shop an investor who wants to establish a limited liability company or a
joint stock company has to notarize the company’s charter and open a temporary bank
http://www.un.org.ua/brc/ua_wdp_src/Ustenko324.pdf
account, in which 50% of the initial capital has to be deposited in advance. Next, and before
going to a registration office, an investor has to fill in all application forms and collect required
documents in order to have a business registered at (1) the Unified State Register, (2) the
State Statistics Committee, (3) the Pension Fund, (4) the Employment Fund, (5) the Social
Insurance Fund, and (6) the Industrial Accidents Fund. The next two formalities, which are
registrations at the Tax Police and at the State Tax Administration, are not covered by the
one-stop-shop and require visits to the respective offices.
After processing all the applications by respective governmental bodies, a business is
registered and then an entrepreneur, or his/her representative, must visit a local police office
and apply for permission to produce a seal44. Having the permit in hand he/she may have a
seal made and next he/she must return to the bank in order to open a permanent bank
account for a registered business. District Tax Inspectorate must be notified of the opening of
this bank account; however, this formality does not require a visit to the inspectorate, but
may be fixed by mail.
accompanying registration. As the Ukrainian experience has demonstrated so far, the
number of procedures matters, since each of them requires some paperwork and the
collection of accompanying documents, which also involve some costs. An investor who
decides to register a company in Ukraine has to deal with 15 procedures and this number
places Ukraine close to the end of the list of 155 countries for which this data has been
collected.42
Only five countries: Belarus, Brazil, Paraguay, Uganda and Chad require more
procedures to get a limited liability company registered than does Ukraine, while four
countries: Argentina, Bolivia, Greece and Guatemala have the same number of formalities.
Let us also notice that the average number of registration formalities in the CIS countries43 is
8.3 - close to two times lower than in Ukraine. At the other extreme, there are countries with
the most friendly environment for business, where only two (in Australia, Canada, New
Zealand), three (in Denmark, Finland, Ireland and Sweden) or four (in Belgium, Norway)
formalities need to be passed to start a business.
The registration process in Ukraine is time- and money-consuming, since prior to
visiting the one-stop-shop an investor who wants to establish a limited liability company or a
joint stock company has to notarize the company’s charter and open a temporary bank
http://www.un.org.ua/brc/ua_wdp_src/Ustenko324.pdf
account, in which 50% of the initial capital has to be deposited in advance. Next, and before
going to a registration office, an investor has to fill in all application forms and collect required
documents in order to have a business registered at (1) the Unified State Register, (2) the
State Statistics Committee, (3) the Pension Fund, (4) the Employment Fund, (5) the Social
Insurance Fund, and (6) the Industrial Accidents Fund. The next two formalities, which are
registrations at the Tax Police and at the State Tax Administration, are not covered by the
one-stop-shop and require visits to the respective offices.
After processing all the applications by respective governmental bodies, a business is
registered and then an entrepreneur, or his/her representative, must visit a local police office
and apply for permission to produce a seal44. Having the permit in hand he/she may have a
seal made and next he/she must return to the bank in order to open a permanent bank
account for a registered business. District Tax Inspectorate must be notified of the opening of
this bank account; however, this formality does not require a visit to the inspectorate, but
may be fixed by mail.
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