A Ukrainian LLC, or TOV, is a company whose participants risk only their contributions. Under Law No. 2275-VIII it needs no minimum capital, contributions are paid within six months unless the charter says otherwise, and a foreigner can own 100%. A TOV carries residence only on a lawful ground: EUR 100,000 invested, or a job on a work permit.
TOV stands for товариство з обмеженою відповідальністю, the limited liability company of Ukrainian law. It is a separate legal entity, owned through shares, run by a director under a charter. Since June 2018 it has its own statute, Law of Ukraine No. 2275-VIII “On Limited and Additional Liability Companies”. This page defines the TOV, lists what the law requires of it, and explains where it meets the residence rules for a Pakistani founder.
- 01Charter and decisionFounders’ decision, charter, director, activity codes (KVED)
- 02State registrationRecord in the Unified State Register and an 8-digit EDRPOU code
- 03Tax and bankTax regime, bank account, owner’s KYC check
- 04Capital paid inWithin 6 months, unless the charter sets another term
- 05Residence groundEUR 100,000 stake, or a job on a work permit
The TOV at a glance
| Feature | What the law says |
|---|---|
| Legal basis | Law of Ukraine No. 2275-VIII “On Limited and Additional Liability Companies”, in force since 17 June 2018 |
| Who can be a participant | Individuals and companies, Ukrainian or foreign, in any combination; a foreigner can hold 100% of the shares. The law sets no cap on the number of participants |
| Minimum capital | The law sets none; the charter capital is the sum of the participants’ shares, in hryvnias |
| Paying in the capital | Each participant pays in full within 6 months of registration, unless the charter sets another term (Art. 14) |
| Liability | Participants bear the risk of losses within the value of their contributions |
| Management | General meeting of participants; a director or an executive board, as the charter provides |
| Registration | Entry in the Unified State Register; the registrar acts within 24 hours of receiving the documents, excluding weekends and holidays (Law No. 755-IV) |
| Tax | General regime with 18% corporate profit tax (Tax Code, Art. 136.1), or the simplified single tax where turnover, activity codes and headcount allow |
What a foreign founder brings
- Passport copy, translated into Ukrainian, with the translator's signature notarised.
- A Ukrainian taxpayer registration number for the founder, issued by the State Tax Service.
- A notarised and apostilled power of attorney, if a Ukrainian representative signs on your behalf.
- A registered address for the company in Ukraine.
- Beneficial owner details for the register, and the source of the capital for the bank's KYC check.
For a company owned by a foreign company, the parent's registry extract is apostilled and translated as well. The full procedure, step by step, is in our company registration guide.
The TOV and residence in Ukraine
Owning a Ukrainian company and living in Ukraine are two separate questions. Law No. 3773-VI gives a temporary residence permit to a founder, participant or beneficial owner whose foreign investment in the company's charter capital is at least EUR 100,000 at the National Bank rate on the day it is made (Art. 4, part 12); that card is issued for two years. Below that amount, the founder works for the company like any foreign employee: the TOV applies for a work permit, pays at least the minimum wage, UAH 8,647 a month in 2026, and the residence permit follows the job (Art. 4, part 4; Law No. 5067-VI, Art. 42-2). Both routes are compared in the founder route, step by step, and the residence card itself in the temporary residence permit, explained.
A company that has to work
Every TOV leaves a public trail: its record in the Unified State Register, tax filings, payroll and contracts. A company registered only to hang a residence permit on it shows no turnover and no staff, and the migration service sees the same records anyone can. On the work route, the permit rests on a real position: when the contract ends, the company asks for the permit to be revoked (Law No. 5067-VI, Art. 42-10). Offers of a ready-made company “with residence included” are covered in fake visa agents.
Questions about the Ukrainian LLC
What is a TOV in Ukraine?
Can a Pakistani citizen own 100% of a Ukrainian LLC?
What is the minimum capital for an LLC in Ukraine?
How long does it take to register a TOV?
Does owning a Ukrainian LLC give me a residence permit?
How much does company registration cost with uavisa.pk?
Read next
- Company registration in UkraineCharter, register, tax and bank, with a $600 deposit
- Residence through your own companyThe EUR 100,000 ground and the work-permit route
- Business immigration explainedHow ownership and residence interact
- Company registration FAQShort answers on documents, tax and banking
Sources
Set up your TOV, with the residence ground settled first.
Company registration opens with a $600 deposit: structure, name, activity codes and charter. If the residence ground is still open, the $99 eligibility assessment settles it first.
Last reviewed: 30 October 2026. General information, not legal or tax advice for your case. Registration and residence decisions rest with the Ukrainian authorities. Travel to Ukraine is restricted by the war; check current advisories before planning.