A sole proprietor (SP) is a popular form of doing business for freelancers in Ukraine. Opening a sole proprietorship It allows you to work legally, earn income, and pay taxes. In this text, we will examine the main documents required to open an SP for a freelancer.
Required documents
To open an SP, you need to prepare and submit a number of documents to government authorities. Below is a list of the main documents:
- Application for SP registration
- Passport of a citizen of Ukraine
- Identification code (TIN)
- Application for the choice of taxation system
Step-by-step guide to opening an SP
The process of opening an SP consists of several stages. Let's look at each of them in more detail:
- Document preparation. Gather all necessary documents. Make sure all copies are notarized.
- Submission of the application. Visit the administrative services center (ASC) or submit documents online through the government services portal.
- Obtaining an extract. After submitting the application, you will be issued an extract of state registration of the SP.
- Choosing a taxation system. Submit an application for the choice of taxation system (single tax or general system).
- Registration with the tax office. Visit the tax inspection to register as a taxpayer.
Additional documents and steps
In addition to the main documents, additional information and steps may be required:
- Bank account – to carry out financial transactions, it is recommended to open a current account in a bank.
- Seal – although having a seal is not mandatory, it can simplify doing business.
- Income and expense accounting book – for bookkeeping and reporting.
Advantages of opening a sole proprietorship for freelancers
«Opening a sole proprietorship allows freelancers to legally work with clients, enter into contracts, and receive payment for their services. It also contributes to business development and simplifies interaction with government authorities.»
The main advantages of opening a sole proprietorship for freelancers include:
- Legal work and the ability to enter into contracts.
- Simplicity of accounting and reporting.
- The ability to choose the optimal tax system.
Opening a sole proprietorship for a freelancer is an important step towards legalizing their activities and gaining numerous advantages. Preparing all necessary documents and following a step-by-step guide will help you successfully register a sole proprietorship and start your business.
