Ukraine

Ease of Doing Business in

Ukraine

This page shows summary Doing Business 2012 data for the Ukraine. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Eastern Europe & Central Asia
Income Category Lower middle income
Population 45,759,961
GNI Per Capita (US$) 3,010.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
152 149 down -3
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 112 118 up 6
Dealing with Construction Permits 180 182 up 2
Getting Electricity 169 169 No change
Registering Property 166 165 up -1
Getting Credit 24 21 up -3
Protecting Investors 111 108 up -3
Paying Taxes 181 181 No change
Trading Across Borders 140 136 up -4
Enforcing Contracts 44 44 No change
Resolving Insolvency 156 158 up 2

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 112 DB 2011 Rank 118 Change in Rank up6
Indicator Ukraine Eastern Europe & Central Asia OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
9 6 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
24 16 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
4.4 8.3 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
1.8 10.0 14.1
No. Procedure Time to Complete Associated Costs
1 Notarize company charter and execute premises (if needed) 1 day UAH 600
2 Open a bank account for initial capital 1 day no charge or up to UAH 100
3 Pay registration fee at the bank 1 day nominal
4 Register at the Registration Office 5 days UAH 170
5 Register at the State Statistics Committee 1 day UAH 25.94
6 Register VAT at the State Tax Authority and obtain a VAT number 10 days UAH 17
7 Prepare a seal 2 days UAH 190-250, depending on the complexity of a seal
8 Open a permanent bank account 1 day bank’s charge or no charge
9 Notify the District Tax Inspectorate of the opening of the permanent bank account 2 days no charge

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