Accounting services for representative of foreign companies

Since 2005 our company renders professional services on outsourcing of accounting and financial management for the Non-residents’ representatives. We know the specific features of the activity of the Non-residents’ representatives in, special features of accounting and tax accounting.    

According to the article 5 of the Law of Ukraine on Foreign economic activity the foreign subjects of economic activity, which conduct the foreign economic activity at the territory of Ukraine, have the right to establish their representatives. According to the Ukrainian legislation Representative is separated department of the legal entity.    

According to the article 5 of the Law of Foreign Economic Activities the foreign subject of economic activity, acting at the territory of Ukraine, have to establish their representatives. According to the legislation of Representative is a separate division of the legal entity beyond its location and represents and defends interests of legal entity. Representatives are not the legal entities and do not conduct the business  activities by themselves. They have some property of the legal entity, which created these representatives, and conduct their activities on the basis of the approved Statute. The heads of non-residents’ representatives are assigned by the legal entity and conduct their activities on the basis of power of attorney.    

Non-residents can establish their representatives in with different goals: for conduction of simply non-commercial tasks of the non-resident or full business with elements of trading or even production. In all cases Non-residents’ Representatives are obliged to keep the accounting and to prepare financial reporting. There are reduced financial reporting for Representatives which includes balance sheets and report on financial results. Besides, non-resident’s representatives use reductive Plan of accounts. Non-resident’s representatives have to be registered in tax authorities, in the pension fund, in the state trust funds, which shall be confirmed by appropriate certificated. In non-residents’ Representatives conduct business activities at the territory of Ukraine, they also have to be registered as VAT payers.   

We render permanent services in the sphere of outsourcing of accounting processes for the Non - residents’ representatives in Ukraine, mother companies of which are in Russia, Poland, Slovak, Finland, Switzerland, UAS, Netherlands, Germany, Great Britain.    

The guarantee of the quality of services, rendered by the Audit company “UHY Prostir Ltd”, is the professional liability insurance of the company by one of the leading insurance companies of . The sum of the company’s insurance amounts 1 000 000 UAH.    

Specialists of the outsourcing of accounting processes departments are the certified accountant (certificates CAP/CIPA, ACCA DipIFR) with knowledge of English/German and significant practical work experience in the sphere of accounting and tax accounting, finances and economic law.