Analysis of goods import from China to Ukraine

Building an effective business structure, taking into consideration the tax burden and Customs duties when importing goods from China to Ukraine, considering future development of the business in Europe.

In the process of working on the project, we analysed the Ukrainian legislation on importing goods into the Customs territory of Ukraine.

In addition, we analysed the structure of the business with the participation of a company registered in EU.

Main jurisdictions that had been selected for the company’s incorporation were Cyprus, Estonia and Andorra.

The choice of these jurisdictions was not accidental, they were selected because these countries provide low tax rates in comparison with other European countries and have acceptable conditions for business development.

Regulations of each chosen state in the area of companies incorporation, taxation, as well as the conditions for business management were analysed.

Also, the tax burden on the gross business income was calculated taking into account international agreements on the double taxation avoidance.

In addition, to the analysis provided, we had established contacts with our partners, in each of the jurisdictions and performed a detailed calculation of the cost of incorporation and maintenance of the foreign company.

We paid close attention to the issue of declaring foreign income of a tax resident of Ukraine on the territory of Ukraine.

Analysis of the business activity of importing goods from China to Ukraine had been presented to the client, including the possibility of business development in the EU and obligation of declaring personal income in Ukraine.