Hi,
I am starting a web-page startup in Poland, and I would like to start it in Ukraine at the same time. Here in Poland I have a Limited Liability Company which is responsible for the start-up.
I am considering ways of entering the ukrainian e-market. One option is to establish a LLC in Ukraine (but it takes money and time). Another option is to just do business over there - but this option is limited, as I would like to have the possibility to have a local bank account and the possibility to issue invoices as a local company.
So I thought about another option (and here comes the questions - is this legal? Ist this feasable?)
1) I am finding a local partner (LLC company preferabely) in Ukraine
2) I am signig a contract with the local partner for the use of my webpage. The contractor will be using my webpage on my domain (but the domain will be .com.ua of course) but he has no job to do - just issuing invoices and doing the taxes for those invoices. Each month my company is issuing one invoice for the local partner for my share of the profit (income minus taxes paid, minus additional cost of book-keeping if applicable : the rest is shared 50/50). From my point of view it good option as I am able to enter the market and build the position of this business, the local partner has a few more paperwork to do but earns money for basically doing nothing...
So my questions:
1) Is it legal?
2) Will it work?
3) Where to look for this partner?
Thanks in advance!
Disclaimer: The same situation is regarding the Russian market, so I will be posting the same topic on the UA forum!