Key Differences Between an LLC and Sole Proprietorship Under uResidency

Creating an LLC is an important yet sometimes complex process that requires time and effort. But is it necessary for a uResident to register an LLC?

With the uResidency program, foreign entrepreneurs can register as sole proprietors. This process is quick and avoids the typical bureaucracy and paperwork. Registering as a sole proprietor is a part of the uResidency status, allowing entrepreneurs to conduct business efficiently in Ukraine.

What Can uResidency Offer?

Simple Registration Without Excessive Paperwork: Through an online process, registration as a sole proprietor can be completed quickly, avoiding complex bureaucracy.

No Need for an Accountant: Partner banks handle basic tax calculations, significantly simplifying business management.

Electronic Signature for Remote Document Signing: Each uResident receives a personal electronic signature, enabling them to sign contracts and other documents online. This is convenient and secure for remote operations.

Don’t hesitate! Join the uResidency program today and streamline your path to business success in Ukraine.