Registration of IT companies

When a businessperson or an IT specialist considers incorporating (registering) an IT company, several questions arise:

  1. What is an IT company and in what way does it differ significantly from an “ordinary” company?
  2. Which jurisdiction is it best to register an IT company?
  3. What taxation system is applied to an IT company?
  4. What is the best proceed – on your own or with lawyers’ assistance?

An IT company by its legal nature is no different from an “ordinary” company, therefore, the procedure for its registration is standard for chosen legal entity form (limited liability company, stock company, additional liability company or their analogs in other countries). The primary difference between an IT company and any other is the purpose of its activity – making a profit from the IT business, that is, a business in the field of information technologies – creating, managing and processing of various data, using a computer or other computer technology.

Incorporation of an IT company is not just technical registration and obtaining a company number, it is something more

Get a consultation

    At the same time, it should be clear that incorporation of an IT company is not a technical registration and obtaining a company number, it is something more. Even at the initial stage, it is necessary to understand exactly in what legal form and jurisdiction it is most profitable to establish a company and which taxation system are best to apply.

    In light of the latest global trends in deoffshorization, bygone are standard solutions to incorporate in low tax jurisdictions, because of the fact that it can, at least, create additional problems with opening bank accounts, settlements, and conducting business activities. Unfortunately, not all take notice of the latest changes in the legal regulation of the EU, theUSA, and Ukraine, and not everyone is aware of the possible negative consequences of company’s incorporation in a “incorrect” jurisdiction for the company and business in general.

    Without an accurate answer to such questions, it is very easy to make a mistake choosing a jurisdiction, create a company, and ultimately face the daily hindrances of doing business. That’s why we endorse to contact specialists, and not to engage in impromptu.

    VigoLex team specializes not only in IT law but also in the intricacies of tax legislation of Ukraine and other countries, so it may, with consideration of the particularities and needs of the Client, help to select the most profitable jurisdiction for incorporating of an IT company, correctly draw up and submit documents, as well as start business processes as quickly as possible.

    When discussing incorporation of an IT company in Ukraine, most often those are legally registered in Kyiv, Kharkov, Lviv, Dnipro, or Odesa, since in these are the cities where a large number of IT specialists are concentrated. And their number, as well as the number of such companies are constantly growing. So, by the end of 2019, the total number of IT companies in Ukraine was over 1600.

    Below are approximate VigoLex tariffs[1] for the most common services associated with the IT company registration in Ukraine.

    The cost of registering an IT company in other jurisdictions is determined depending on the particular jurisdiction and the specific wishes of the Client.

    Additionally, VigoLex IT lawyers are eager to assist the established IT company in the drafting and entering specific IT contracts, formalizing legal relations with IT specialists, supporting the conduct of IT business, etc.

    Our prices

    Incorporation of a company (based on a model statute)

    100 USD

    Selection of KVED (NACE) classification

    Free

    when registering a company

    Incorporation of a company (based on an individual statute)

    250 USD

    Registration of an Individual entrepreneur

    80 USD

    Registration of amendments to company constituent documents

    $ 50

    (depending on nature of amendments)

    Registration of amendments to documents of Individual entrepreneur

    от $ 30

    (depending on nature of amendments)

    Registration of an electronic signature

    40 USD

    Accounting services for a company

    from $ 150

    (depending on the number of transactions per month)

    Accounting services for a company

    from $ 20

    (up to 10 transactions per month)

    * [1] Tariffs for services may differ in each case, taking into account the characteristics and needs of the client.

    * [2] Payments are made in UAH at the NBU exchange rate on the day of payment.

    The cost of registering an IT company in other jurisdictions is determined depending on the particular jurisdiction and the specific wishes of the Client.

    Additionally, VigoLex IT lawyers are eager to assist the established IT company in the drafting and entering specific IT contracts, formalizing legal relations with IT specialists, supporting the conduct of IT business, etc.

    Why VigoLex

    proffesional

    Professional

    The VigoLex team has many years of experience and unique knowledge in IT law, online and offline gambling, as well as other high-risk business and e-commerce areas.

    creatives

    Creative

    We do not have conventional solutions and traditional approaches, whereas every task is considered comprehensively with all traps and pitfalls.

    Flexible

    We are not afraid of changes and new challenges. We are ready to improve and adjust in accrodance to the time-being requirements and client’s needs.

    responsibility

    Responsible

    We understand that our client is interested not in the process but in the result. The result of the client is our reputation.

    Our team

    Ganna Buiadzhy
    Ganna Buiadzhy
    Managing partner
    Read more
    Serhii Buiadzhy
    Serhii Buiadzhy
    Partner
    Read more
    Aleksandr Golbart
    Aleksandr Golbart
    Partner, Leader of Criminal Law and Procedure Practice
    Read more
    Lilia Degovets
    Lilia Degovets
    Practice Leader in Construction and Real Estate
    Read more
    Genadii Chebanov
    Genadii Chebanov
    Head of a section on issues relating to franchising and work with public figures (PEP)
    Read more
    Volodymyr Kochetkov
    Volodymyr Kochetkov
    Senior associate, IT practice
    Read more
    Liudmyla Dovhopola
    Liudmyla Dovhopola
    Lawyer
    Read more
    Snizhana Tkachuk
    Snizhana Tkachuk
    Lawyer
    Read more

    Get a consultation

      +38 (068) 520-88-88