🟡 What activities in Ukraine are subject to licensing?

What activities in Ukraine are subject to licensing?

Some types of business in Ukraine are licensed. According to the Law of Ukraine “On Licensing Types of Economic Activities”, 34 types of economic activity require a license. These are, in particular, banking, media activities, activities in the electric power industry, educational activities, production and trade in alcohol, cryptographic information protection services, construction of objects of a certain class, production of medicines, firearms, explosives, fire fighting, production of hazardous chemicals. substances, medical practice, veterinary practice, lotteries and gambling, security activities, tour operator activities and a number of other types of business.

To obtain a license for an activity for which a license is required, the conditions for obtaining such a license must be met. For example, requirements may include a certain amount of authorized capital, the availability of employees of a certain qualification, organizational requirements, for example, ensuring a certain level of security or filing certain reports. Also, a company that has received a license for a certain type of business may be limited in other types of activities and can only work in this area. Payment is provided for the issuance of licenses. If you violate, say, conducting a business for which a license is required, without issuing this license, it is fraught with a fine. Sometimes the size of such fines is very large and provides for the confiscation to the budget of all income received from activities without a license.

More details in our video.
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