Registering a Limited Liability Company (LLC) is an important step on the path to doing business in Ukraine. However, registering a company on your own can take a lot of time and requires a detailed understanding of legal nuances. Opening an LLC by power of attorney is an optimal solution for entrepreneurs who want to minimize time spent and ensure full compliance with legal requirements. By entrusting the registration process to professional lawyers, you can avoid mistakes and unnecessary bureaucracy.
What Is Opening an LLC by Power of Attorney?
Registering a company by power of attorney means that the founder (participant) authorizes a representative — a lawyer or an agent — to perform all necessary registration actions on their behalf. Such representative prepares and submits documents to a notary or state registrar, who conducts the state registration, and also receives the extract from the Unified State Register after the procedure is completed.
Key Advantages of Opening an LLC by Power of Attorney
Many entrepreneurs choose this option for several reasons:
- Time savings. There is no need to study legal norms, collect documents, or visit a notary or state authorities—the authorized representative handles all formalities.
- Remote processing. This is convenient for people abroad or in another city who cannot participate in the process in person.
- Minimization of risks. UHY Prostir lawyers ensure correct preparation of documents and full compliance with legal requirements, preventing delays or the need to resubmit documents.
Main Stages of Opening an LLC by Power of Attorney
The registration process includes several important steps:
Consultation and planning
At the first stage, lawyers provide detailed explanation and advice. Key company parameters are determined: name, location, types of activities (KVED), tax regime, charter provisions, executive bodies, and limitations of their powers. Specialists help choose these according to the intended activities and taxation system. The ownership structure, management procedure, and specifics of future activity are also agreed upon to ensure compliance with the law and avoid issues later.
Preparation of documents
Lawyers prepare all necessary documents for LLC registration, including:
- company charter;
- founders’ minutes (decision) on the establishment of the LLC and appointment of the director;
- application for state registration;
- power of attorney for the representative;
- ownership structure;
- application for simplified taxation and/or VAT registration if needed.
Correct completion of all documents is crucial for successful registration.
Issuance of the power of attorney
To transfer authority, a notarized power of attorney must be issued, granting the representative the right to sign and submit documents for state registration on behalf of the founder. The document must clearly list the authorized actions.
Submission of documents
After issuing the power of attorney and preparing all documentation, the lawyer submits the package to the notary or registrar who performs the state registration. Our specialists supervise the process until the information is entered into the Unified State Register and confirmation of successful registration is obtained.
After registration, lawyers also submit mandatory notifications to tax authorities, including forms No. 1-OPP and No. 20-OPP.
Receiving statutory documents
After completion of the registration, the client receives:
- extract from the Unified State Register;
- charter (notarized copy);
- founders’ decision or minutes on establishing the LLC and appointing the director;
- ownership structure;
- other necessary documents.
These documents are essential for opening a bank account and conducting business activities.
Main Documents Required for Opening an LLC by Power of Attorney
For successful registration, the following documents must be prepared:
LLC Charter
The primary document regulating the company’s activities. It defines rights and obligations of participants, management procedures, profit distribution, and other important aspects.
Founders’ decision or minutes
This document confirms the decision to establish the company, identifies participants and their shares, specifies the company name, location, director appointment, powers of the executive body, profit distribution procedures, etc.
Ownership structure
A document required by law when registering an LLC. It lists company participants and ultimate beneficial owners, officially confirming business ownership.
Power of attorney for registration actions
A notarized document granting the lawyer authority to act on behalf of the founder.
Advantages of Professional Support from UHY Prostir
Working with a legal company simplifies the process and provides several benefits:
Reduced legal risks
UHY Prostir lawyers ensure correct document preparation and compliance with all legal requirements, minimizing risks during registration and future activities.
Time savings
The entrepreneur can focus on business while professionals handle legal matters.
Individual approach
The legal team helps choose the optimal business model and company management structure.
To receive a detailed consultation or order services, contact UHY Prostir specialists using the contact information provided on the website.
Frequently Asked Questions
- How long does it take to open an LLC by power of attorney?
On average, the registration process takes 3–5 business days depending on the workload of state authorities and the notary. - What documents are needed to issue a power of attorney?
A passport, tax identification code, and for ID-card holders, an extract with the place of residence. - Is the founder required to be present when submitting documents?
No. After issuing a notarized power of attorney, the lawyer submits all documents on behalf of the client. - What is the cost of opening an LLC by power of attorney?
The cost depends on the chosen service package and region of registration; details are discussed individually. - Can one of the founders issue a power of attorney for opening the LLC?
Yes, one founder may authorize another co-founder or an external lawyer. - How are the charter and minutes prepared?
These documents are prepared according to Ukrainian legislation and tailored to the company’s specifics. - Does the power of attorney need notarization?
Yes, it must be notarized to confirm the representative’s authority. - Can documents be amended after submission?
Changes are possible only by submitting a new document package through a separate procedure for amending the register or statutory documents. - How is client data confidentiality ensured?
We guarantee non-disclosure of information, including compliance with personal data protection laws. A separate NDA can be signed if needed. - Is ongoing legal support included after LLC registration?
No. Further legal support, including consultations, contract drafting, and legal analysis, is provided under a separate agreement.
