Termination of the individual entrepreneur’s activity

Termination of the individual entrepreneur's activity is a procedure that is necessary when you decided to stop your entrepreneur's activities. The procedure itself is also called the liquidation of the Individual Entrepreneur, the termination of the  Individual Entrepreneur, the closure of the  Individual Entrepreneur - but all these terms entail the appearance of a notification in the USREOU - the  Individual Entrepreneur is terminated.

All information about the activities of your business is stored in the Unified State Register of Enterprises of Ukraine. Upon termination of the individual entrepreneur’s activity, making changes to the Unified State Register is obliged.

Price of service - Termination of the individual entrepreneur's activity:

The price of the service - 3000 UAH.

The cost of this service includes:

• Client questionnaires: providing details about the closure of  Individual Entrepreneur
• Filling out registration cards
• Submission of documents to the state registrar
• Obtaining an inventory of documents
• Obtaining an extract from the USR
• Issuance of a package of documents to the hands of the client

Additionally paid:

• notarization of the signature in case of issuing a power of attorney from  Individual Entrepreneur - 500 UAH
• departure of the notary to the client - by agreement, depending on the location of the client at the rate of 1000 UAH/ hour of work of the notary (minimum order - 2 hours)

Consultation on the Termination of the individual entrepreneur's activity:

Service price - 1500 UAH

The cost of this service includes:

• detailed advice on closing an individual entrepreneur
• practical advice on documenting the closure of an individual entrepreneur
• algorithm for generating a package of documents for closing an individual entrepreneur at the state register

An important condition is the filing of reports to prevent the occurrence of additional fines. In the case of ordering a service for passing a tax audit, filing reports for  Individual Entrepreneur before the end of reporting periods, and other related services for closing an Individual Entrepreneur on a turnkey basis, the price for closing an  Individual Entrepreneur on a turnkey basis is from UAH 10,000.

To order the service of changing the closing of an individual entrepreneur, you must contact the representatives of Pravelon and provide the following information:

•  Individual Entrepreneur statement to be closed
• Passport and tax number of  Individual Entrepreneur
• Power of attorney for Pravelon employees

Procedure for cooperation with the client:

1. Client's request to close an individual entrepreneur
2. Client questionnaires: providing details about the closure of an individual entrepreneur
3. Preparation of all necessary documents
4. Support during state registration of the closing of an individual entrepreneur
5. Issuance of a package of documents to the hands of the client

In what cases is it necessary to close the activities of an individual entrepreneur?

• An individual has decided to close the sole proprietorship
• The owner is no longer interested in running the business
• Death of a company owner
• Judgment
• Other cases

How to close Individual Entrepreneur?

Provide originals/scanned copies of registration documents to sole proprietors. You also need to issue a power of attorney for the employees of Pravelon at a notary public or personally sign the necessary documents.

Is it possible to liquidate an  Individual Entrepreneur if I am abroad?

Yes, it's possible. To do this, you need to contact the Pravelon company, get detailed advice on the preparation of a power of attorney for closing a sole proprietorship based on the specifics of the particular country in which the client is located, prepare a power of attorney and send it to the address of the Pravelon company. In the future, on the basis of this power of attorney, the company's employees will liquidate the sole proprietorship.

I want to close Individual Entrepreneur, are there any requirements for the territorial submission of documents?

At the moment, based on the legislation of Ukraine, there are no territorial requirements for filing documents. You can apply for the liquidation of sole proprietorship service in any city of Ukraine.