Support of foreign economic operations, Odesa, Ukraine

 YOUR GOAL

Register a company and conduct foreign economic activity (international trade operations).

How to become a participant in foreign economic activity legally?

You are an individual entrepreneur (sole proprietor) under the simplified taxation system, group 3, or a founder of an LLC — either under the general taxation system or simplified group 3 — and you plan to conduct foreign economic activity. You need to:

• Prepare and register a foreign trade contract in accordance with legal requirements.
• Open a foreign currency bank account for international settlements.
• Complete the customs registration procedure to submit customs declarations.
• Ensure correct customs clearance of goods and product classification under HS codes.
• Obtain the necessary certificates of conformity, certificates of origin, and other permits.
• Receive licenses and permits if your product is subject to licensing or quotas.
• Calculate and pay all customs duties, taxes, and fees (VAT, duty, excise).
• Organize logistics and transportation of goods: trucking, sea freight, or air delivery.
• Maintain proper accounting and tax reporting for foreign trade operations.
• Avoid fines and risks of blocked transactions thanks to foreign trade consulting from experts.
• If necessary, use the turnkey foreign trade service, where professionals fully manage export or import processes.

Then this service is for you!

 OUR OFFER

Organization and support of foreign economic activity (FEA) for your company or sole proprietorship:

• We draft and review contracts in compliance with international law and business practices.
• We prepare a full set of documents, advise on customs procedures, and assist with customs clearance.
• We conduct product expertise and determine the correct HS code to avoid fines and transaction blocks.
• We advise on currency control, opening letters of credit, and payment insurance.
• We provide comprehensive support for international trade: legal, customs, and accounting.
• We handle accounting for foreign trade operations in compliance with Ukrainian tax legislation.

Financial monitoring in foreign economic activity

Financial monitoring is an important stage of FEA that helps prevent payment blocking, fines, and ensures the legality and security of international operations. FEA support by our team of specialists includes:

• Ensuring transparency of financial operations in the export and import of goods.
• Checking counterparties for financial reputation and the presence of sanctions restrictions.
• Preparing documents for banking financial monitoring and currency supervision.
• Supporting currency settlements between residents and non-residents.
• Justifying the economic feasibility of operations within the framework of financial monitoring.
• Consultations on NBU requirements and international AML/CFT standards.

Do business with confidence: with our lawyers, foreign trade operations will become transparent and safe.

 CASE STUDY

Situation: A Ukrainian food manufacturer planned export to EU countries. German partners were ready to sign the contract but required compliance with European quality standards, certification, and correct customs clearance.

Problem: The company had never exported before, lacked experience in preparing customs declarations, did not know all the requirements for European certification, and was unfamiliar with the correct VAT refund process for export. Without professional assistance, the deal could have failed.

Our solution: The team of Eurovector Law Firm experts:

• Reviewed and adapted the foreign trade contract to meet Ukrainian and European legislation.
• Organized the process of obtaining required certificates for the products (certificate of origin, sanitary and epidemiological documents).
• Prepared and submitted customs declarations for export.
• Ensured correct tax documentation for VAT reimbursement.
• Provided accounting support for foreign trade to ensure transparent reporting and minimize tax risks.

Result: The deal was successfully concluded and executed. The Ukrainian manufacturer entered the European market, received positive feedback from partners, and signed a long-term contract for future deliveries. Thanks to our support, the client expanded sales geography and increased profit.

Foreign economic activity opens new opportunities. We will help your business unlock them! Legal support in international trade is your reliable shield against risks and your guarantee of success in the global market.

 CASE STUDY

Situation: A Ukrainian trading company imported electronic modules from a European supplier. After customs clearance, the regional customs office issued an audit report and charged additional customs duties and VAT totaling approximately UAH 1 900,000, citing undervaluation of the goods. Customs also temporarily blocked clearance of future shipments and referred the case to the tax authorities for further review.

Problem: The company faced double financial sanctions (customs reassessment + tax claims), logistical delays, and frozen working capital. It could not defend itself without professional legal and accounting support — judicial protection was required.

Our solution (defense strategy):

• Immediately collected the full set of documents: contracts, invoices, transport documents (B/L, CMR), payment records, certificates of origin, technical specifications, and correspondence with the supplier.
• Conducted a preliminary customs audit and identified methodological errors in the customs valuation report.
• Commissioned an independent market value appraisal (commodity and economic expert reviews) to confirm the declared price.
• Filed an administrative complaint with the higher customs authority requesting suspension of the enforcement of the audit report.
• After rejection of the complaint, filed an administrative lawsuit demanding that the customs decision be declared unlawful and the reassessment canceled.

The court process — step by step:

1. Preparation stage: drafting the claim, submitting the evidence (original invoices, payment orders, transport documents, certificates, expert opinions), and filing a motion for interim relief (suspension of enforcement).
2. Interim measures: the court suspended enforcement of the reassessed duties and prohibited customs from blocking subsequent shipments — this allowed the company to continue logistics and avoid immediate losses.
3. Expert phase: independent customs valuation and commodity experts confirmed that the customs authority used an incorrect valuation method without sufficient justification.
4. Court hearings: the attorneys presented the full chain of commercial relations, confirmed delivery terms (Incoterms, payment currency), demonstrated technical specifications, and compared market data; customs representatives and experts were questioned.
5. Court decision: the court ruled that customs unlawfully applied alternative valuation methods, canceled the reassessment, and ordered the authority to remove the blocks and refrain from similar actions.
6. Post-trial actions: our team ensured enforcement — restored the company’s customs status, lifted account restrictions, and oversaw the closure of the tax audit without penalties.

Timeline (approx.): filing the administrative complaint — 7 business days after receiving the report; filing the lawsuit — up to 30 calendar days; interim relief — within 10–14 days; hearings and judgment — 2–4 months; enforcement and operational recovery — 2–6 weeks after final judgment.

Result: The court fully satisfied the claim: the customs reassessment and VAT adjustments were canceled, blocks lifted, and the tax audit closed without fines. The company resumed import operations with minimal financial and reputational losses.

Key success factors:

• Rapid response — immediate document collection and motion for interim relief.
• Strong evidence — complete payment records, supplier correspondence, and expert reports.
• Professional legal argumentation — correct valuation method and international reference points.
• Integrated approach — simultaneous coordination with customs and tax authorities to prevent multiple risks.

Our lawyers defend businesses in complex customs and tax disputes — from urgent measures to full judicial protection, ensuring continuity and stability for your operations.

 DOCUMENTS

Documents required for conducting foreign economic activity

We will help you prepare all documents, complete registration procedures, organize customs clearance, and support your foreign trade operations at every stage.

 Price

Support of foreign economic activity operations – terms and cost of services

Support of foreign economic activity operations is carried out on the basis of concluding an agreement for legal and accounting services for the business.

The cost depends on the volume of services provided.

@  ADDRESS

LAW COMPANY EUROVECTOR