Liquidation of a foreign representative office

The law firm "RegService" offers a range of services for closing a representative office of a foreign organization in Ukraine.

Among the reasons for the liquidation of branches of foreign companies:

• the decision of the owner (the most common reason);
• liquidation of a foreign company - the head office;
• expiration of the period for which the subsidiary was established;
• termination of the international agreement under which the company's subsidiary was opened in Ukraine;
• violation of legislative norms by the parent company or branch.

National legislation has virtually no regulations governing the liquidation of a representative office. Domestic laws are used as a basis, which are applied by analogy, taking into account legal traditions. Therefore, in this case, it is advisable to transfer the decision on the closure of the division to the hands of specialists in the field of corporate law.

Algorithm for closing a representative office of a foreign company

1. Making a decision to terminate the activities of a branch of a foreign commercial organization (executed in accordance with the laws of the country of residence).
2. Appointment of a liquidator or liquidation commission, preparation of a protocol, execution of powers of attorney for the liquidator and authorized persons.
3. Publication of a notice in the media to notify creditors and debtors.
4. Notification of the Ministry of Economy.
5. Dismissal of personnel.
6. Closing bank accounts (except for the liquidation account).
7. Inventory of property.
8. Deregistration with the tax authorities, pension and social insurance funds (with obtaining certificates).
9. Settlements with debtors and creditors.
10. Closing a liquidation account.
11. Transfer of documents to the archive.
12. Decision of the Ministry of Economic Development to exclude the subdivision from the register of representative offices of foreign legal entities.
13. Exclusion from the Unified State Register.
14. Destruction of seals.
15. Cards of foreign employees are transferred to the Ministry of Economy.

What documents are required

To register the termination of a representative office of an LLC or a commercial organization of another form of ownership, you will need:

• constituent documents;
• decision (minutes of the meeting) of a non-resident company;
• registration certificate (original);
• extract from the bank or main register for the main legal entity;
• power of attorney for representation from the parent organization;
• accounting documents;
• certificates of registration as a taxpayer, payer of the Single Social Contribution;
• notification of registration in funds;
• a certificate from the statistics department.

You will also need bank account statements, information about the officials and employees of the liquidated branch. Documents in a foreign language must be translated into Ukrainian, legalized at a consular office or apostilled. You will need a minimum of documents, and our employees will take care of obtaining certificates and issuing a power of attorney.

What is included in the services for the liquidation of a foreign representative office

• Consultations on legal and accounting issues.
• Preparation of documents, translation, apostillization.
• Support during inspections by regulatory authorities, deregistration with tax authorities and funds.
• Closing bank accounts.
• Interaction with government agencies.

We provide a full range of services for

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