Liquidation of a sole proprietorship in Ukraine

Closing a FOP (sole proprietorship) may be necessary for various reasons. Entrepreneurs often shut down their businesses due to a lack of profit or when their business model no longer requires FOP registration.

For IT specialists and freelancers, transitioning to GIG contracts eliminates the need for a FOP status. Some entrepreneurs face financial difficulties, tax debts, or fines, which prompt them to close their businesses. Others may switch to an LLC (TOV) to scale their operations.

Additionally, FOP closure may be required due to emigration or personal circumstances, which make it impractical to continue business operations in Ukraine.

What is FOP liquidation?

Closing a FOP (sole proprietorship) is an official procedure that includes:

State registration of business termination
Filing final tax reports
Settling outstanding tax payments

To avoid fines and legal issues, it is crucial to follow all steps correctly and ensure compliance with tax authorities.

How to close a FOP?

There are several ways to close a FOP in Ukraine:

Self-closure via the “Diia” portal

Log in to Diia using an electronic signature (KEP)
Submit an application for business termination
Receive a confirmation of closure

Through a State registrar or notary

Visit the Administrative Services Center (CNAP) or a notary
Submit an application for termination of FOP
Obtain an official extract confirming business closure

Through a Legal Firm or accountant specialists

By outsourcing the process, entrepreneurs can close a FOP smoothly and without legal complications

How to Order a FOP Closure with Finevolution?

Choose a preferred communication channel on our website and submit a request. Receive a consultation from our specialists

Accountant submits an application to the state registrar for FOP termination

Settle all tax obligations, including Unified Social Contribution, Single Tax or Personal Income Tax (PIT), and Military Tax

Accountant files final liquidation reports with the tax authorities

Close all FOP bank accounts

Congratulations! Your FOP is closed

Destroy the company seal (if applicable)

Choose a preferred communication channel on our website and submit a request. Receive a consultation from our specialists

Settle all tax obligations, including Unified Social Contribution, Single Tax or Personal Income Tax (PIT), and Military Tax

Close all FOP bank accounts

Destroy the company seal (if applicable)

Accountant submits an application to the state registrar for FOP termination

Accountant files final liquidation reports with the tax authorities

Congratulations! Your FOP is closed

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Accounting for sole proprietorships FOP

Professional accountants will help you manage your FOP

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Annual reporting of sole proprietorships in Ukraine

We will help you prepare the necessary reporting on time

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Zero report for sole proprietors

We will help to file a zero report for a sleeping FOP

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What Tax Reports need to be filed for FOP liquidation?

Single Tax Declaration + Single social contribution report (for the simplified tax system)
Income Declaration (for the general taxation system)
VAT Declaration (if the FOP was a VAT payer)

What Taxes must be paid before liquidation?

Single Tax (until the last operational month)
Unified Social Contribution (ESV) – UAH 1,760/month (minimum rate for 2025), payable until the end of the activity period
Personal Income Tax (PIT) – 18% + 5% Military Tax (for general taxation system)
VAT (if the FOP was a VAT payer)

What documents are required for FOP liquidation?

Passport and Tax Identification Code (for identity verification)
Application for business termination (if filing in person)
E-Signature Key (ECP) or Diia.Sign activation (for online submission)
Bank statements for the closure year
Electronic Income Ledger (if applicable)

What confirmation documents does the FOP receive?

Our specialist will provide:

An extract from the Unified State Register confirming FOP termination
Final liquidation reports with tax office receipts

Finevolution ensures a hassle-free FOP closure with minimal bureaucracy and maximum efficiency. If you’re transitioning to another business model, we can help update your business activity codes (KVEDs), change your registration address, contact details (phone, email), or correct personal data, and handle company registration updates & modifications

Our team is ready to assist. Working hours: Monday – Friday, 9:00 AM – 7:00 PM. For consultation, submit a request via the form below or contact us via Telegram, Viber, or WhatsApp.

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