Setting Up Operations in Ukraine

January 31, 2017

With the ongoing conflict with Russia and a high level of corruption, doing business in Ukraine is unlike anywhere else in Europe, so GO SLOW!  Here are some helpful guidelines:

  • Check if the Ukrainian party is registered as a legal entity or entrepreneur (otherwise they cannot effectuate or receive payment).
  • Meet with your Ukrainian partner (and inspect their office/place of doing business) before you sign any agreements.
  • Know your agent! Trust is not enough (background research in state registers on company legal status, bankruptcy status, debtor status, enforcement proceedings status, etc.).
  • Enter into several small contracts instead of one large, long-term transaction.
  • Start small (test) and gradually increase (re-invest profits).
  • Register Ukrainian presence only when absolutely necessary.
  • Always hire a good lawyer to draft/review your agreement to make sure it complies with Ukrainian laws (i.e., do not use standard global forms). 

Last Updated on Thursday, 02 February 2017 16:27

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Ukrainian Immigration Rules in 2016

Once upon a time, Ukraine established a so-called “visa-free” regime, allowing citizens of certain countries to enter its territory without a visa for a period of up to 90 days, followed by an obligatory departure for the next 90 days before such citizens could return on the “visa-free” status.  In reality, foreigners routinely overstayed their allotted time without any real consequences (at most, paying a nominal fine upon exiting the country).  It was that easy...

Last Updated on Tuesday, 05 April 2016 14:43

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Criminal Defense Practice Area

The law office of Frishberg & Partners are pleased to announce the formation of Criminal Defense Practice Area, headed by Mr. Nikolai Alexandrovich Goraschinkov.  Before joining our law firm as Of Counsel on Criminal Defense Cases, Mr. Goraschinkov worked as the Head of the Criminal Investigation Department of the City of Kiev.   To learn more about Mr. Geraschinkov and our new practice area, please see http://frishberg.com/index.php/en/criminal-defense.

Last Updated on Tuesday, 10 November 2015 17:22

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Ukrainian Economy and Finance in 2015

February 25, 2015

Professor Alexander Savchenko

Back in 2014, I considered three distinct scenarios for Ukraine’s economic development in 2015.  The first was an “optimistic” scenario, which entailed the formation of a professional government and a revamping of the leadership of the National Bank by adding qualified specialists who would commence with economic reforms.  Today, however, we are seeing that reforms are not being carried out and, therefore, this scenario of economic development has fallen by the wayside. 

Last Updated on Thursday, 26 February 2015 02:01

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