Share capital amount no longer needs to be indicated in the company charter

Establishing a company in Ukraine became somewhat easier due to a recent parliament decision. The Ukrainian Law on Limited Liability Companies never included a requirement to indicate the company´s share capital amount in its charter. However the Commercial Code did, and that´s why it was advisable to indicate it anyway.

From the beginning of February, the Commercial Code was amended so that the share capital no longer needs to be indicated in the charter. If you are starting a company in Ukraine, you can now feel free to leave it out. Additionally, you can remove the mention the next time you amend the charter. This also means that the charter does not need to be amended every time you decide to increase your Ukrainian company´s share capital.  

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