The Verkhovna Rada on Friday, 31 months after its registration, adopted as a whole the government bill “On regulating the activity of separate subdivisions of a legal entity formed in accordance with the legislation of a foreign state” (No. 4482).
According to information on the website of the Rada, 254 people’s deputies voted in favor of it with the necessary minimum of 226 votes.
“The bill provides a comprehensive approach to the regulation of all aspects of legal relations (civil, labor, financial) related to the creation and termination of separate subdivisions of a legal entity formed in accordance with the laws of a foreign state”, – commented on the adoption of the document government representative in the Rada Taras Melnychuk in Telegram.
According to him, the requirements of Directive (EU) 2017/1132 of June 14, 2017, concerning certain aspects of corporate law (Codification), in particular, the rules of disclosure of information applicable to branches of companies from other Member States, are also taken into account.
As Melnychuk noted, according to the draft law, branches and representative offices of foreign enterprises are subject to state registration under the same rules as Ukrainian legal entities and public formations that do not have the status of a legal entity, and their termination is carried out by liquidation.
Data on establishment and termination are entered into the Unified State Register of Legal Entities, Physical Entrepreneurs and Public Formations.
The Law also prohibits the establishment of a branch or representative office of a company from an aggressor state or occupant state.
The fee for state registration is set at 1 living wage for able-bodied persons, and for the registration of changes – 0.3 living wage.
