Accounting company in Ukraine: accounting experts for foreign-owned businesses and NGOs in Kyiv
MK Audit is a Kyiv accounting company working with foreign-owned businesses since 2000: bookkeeping and tax compliance in Ukraine, payroll outsourcing, IFRS reporting for the parent company, accounting for representative offices, subsidiaries and internationally funded NGOs. Monthly reporting in English, communication with your head office in English, an auditor’s view of every ledger we keep.

- Full bookkeeping under Ukrainian standards and all tax returns filed on time
- Payroll for Ukrainian staff: salaries, taxes, social contribution, payslips, HR records
- Monthly management pack and IFRS or group reporting in English
- VAT, corporate income tax, withholding tax and transfer pricing compliance
- A named accountant plus an auditor reviewing the books each quarter
What we do for foreign-owned entities in Ukraine
Day-to-day bookkeeping, primary documents, bank, contracts with counterparties, statutory financial statements. Details: accounting outsourcing.
Monthly payroll, personal income tax, military levy and social contribution, sick leave and vacation, HR files, reporting to the tax authority: payroll outsourcing.
Books kept under IFRS or transformed from Ukrainian standards for consolidation by the parent: IFRS bookkeeping, IFRS transformation.
VAT registration and returns, corporate income tax, withholding tax on payments abroad, controlled transactions and transfer pricing reporting: tax and statutory audit.
Project-based grant accounting, donor reports in the budget format, humanitarian aid, non-profit status: accounting for NGOs and business.
Registration of an LLC or representative office, opening bank accounts, restoring books after a previous provider: company registration, accounting restoration.
Four steps to a working accounting function
You describe the entity, headcount and reporting needs; we send a proposal with scope and monthly deliverables.
We collect the books from the previous accountant, reconcile balances, register access to tax systems and the bank.
Documents, payroll, tax returns and the management pack on a fixed calendar, in English for the head office.
Statutory statements, IFRS package for the group, support during the group audit and tax inspections.
What a foreign owner should know before the first month closes
Charged on accounting profit adjusted for the tax differences listed in the Tax Code. Companies with annual revenue above 40 million hryvnia report quarterly, smaller ones once a year. Dividends paid abroad carry a 15% withholding tax unless a tax treaty lowers it.
Registration becomes compulsory once taxable supplies exceed 1 million hryvnia over 12 months; voluntary registration is possible earlier. VAT invoices are registered in the state electronic register, and the return is filed every month within 20 days after the month end.
A company with revenue up to roughly 10 million hryvnia a year and no excluded activities can pay a single tax of 5% of revenue instead of income tax and, in most cases, VAT. Whether it suits a subsidiary depends on its customers and its cost structure; we model both options before registration.
Personal income tax 18% and military levy 5% withheld from employees, unified social contribution 22% paid by the employer. Salaries are paid at least twice a month and reported monthly. The full picture is on the page payroll services in Ukraine.
Books are kept in Ukrainian under national accounting standards, with annual financial statements due by the end of February. A parallel set under IFRS or in the group’s format is a separate deliverable we prepare in English.
Under martial law the National Bank limits certain cross-border payments, including some dividend and loan repayments. Before a foreign payment is planned we check the current rules, so that the transfer is not returned by the bank.
Subsidiary, representative office or contractors: how the accounting differs
Its own books, income tax or single tax, VAT, payroll and annual statements. The most common form for a foreign-owned operating company. Registration and bank account: see company registration in Ukraine.
A non-commercial office keeps books for its own costs and payroll; an office that trades is taxed as a permanent establishment. The line between the two is where the tax risk sits, and we review it before the year end: representative office taxes.
Ukrainian specialists engaged as private entrepreneurs or through a Diia City resident need no local entity of yours, but the arrangement must stay a genuine services relationship. We explain what it may and may not look like before the first contract is signed.
What the head office receives every month
- Trial balance and a management report in English, in the group’s chart of accounts if required
- Tax calendar for the coming month with amounts to pay and the dates
- Payroll summary: gross, net, employer cost and the payment file
- List of open items: missing documents, unconfirmed balances, questions for the head office
- Filed returns and the acknowledgements from the tax authority
The account is run by a named accountant and reviewed by an auditor of the firm every quarter. MK Audit has been on the Register of auditors and audit entities since 2000 under No. 4624 and belongs to DFK International, so the reporting formats are the ones a group auditor already knows. Questions from the head office are answered in English, in writing, usually the same day.
An accounting firm with an auditor’s discipline
We are a licensed audit firm listed in the Ukrainian audit register, so the books we keep are prepared to withstand an audit, a tax inspection or a donor review.
Reports, correspondence and calls with your head office in English. We work with subsidiaries and representative offices of companies from the EU, the UK, the US and Asia.
Member of an international network of accounting firms, which means familiar standards for your group auditor and a partner firm in your home country if needed.
Accounting services in Kyiv and remote work across Ukraine
Our office is on Tarasivska Street in Kyiv, and most clients come to us for accounting services in Kyiv: a meeting, handover of documents, signing of monthly acts. At the same time we keep books remotely for companies anywhere in Ukraine and for representative offices whose head office sits abroad. Secure document exchange, qualified electronic signature and the monthly reporting pack work the same way for a client in Kyiv and for a client in Lviv or Odesa.
Day to day bookkeeping, primary documents, bank operations, statutory financial statements and all tax returns filed on time by a named accountant.
Salaries, personal income tax, military levy, social contribution, sick leave and annual leave, plus HR records. More: payroll outsourcing in Ukraine.
We are an audit firm first, in the Ukrainian auditors register under No. 4624 and a member of DFK International, so every ledger we keep is reviewed the way an auditor would review it.
What we need from you at the start
Taking over the books takes up to 30 days, including the reconciliation of balances. To keep to that, we ask for six groups of documents, none of which takes your accountant more than a day.
The state register extract or the accreditation file of the representative office, the charter or statute, and the beneficial ownership details.
E-signature keys or a power of attorney, access to the taxpayer portal and to online banking, and authority to file returns.
The accounting database or a trial balance, balances at the handover date, and filed returns with their acceptance receipts.
Employment contracts, orders, the staffing table, payroll data, and the files and work permits of foreign employees.
Current contracts, including with the parent company, invoices and acceptance acts, and records of cross-border and currency transactions.
The head office reporting template, the group chart of accounts, the reporting calendar and the language the reports are needed in.
What foreign clients ask first
Accounting services: the full list
- Accounting outsourcing in Ukraine
- Bookkeeping services in Ukraine
- Payroll services in Ukraine
- HR records and administration
- Accounting restoration
- How much accounting restoration costs
- Accounting services cost
- IFRS accounting and reporting
- IFRS transformation
- Accounting for NGOs and foundations
- Representative office accounting
- How to choose an accounting firm
Do you provide accounting services in Kyiv only, or across Ukraine?
Both. The office is in Kyiv, so meetings and document handover happen there, and we keep books remotely for clients in any Ukrainian city as well as for representative offices of foreign companies.
Can we outsource only part of the accounting function?
Yes. Payroll and the primary documents ledger are the parts most often outsourced on their own. We agree the journal entry format with your accountant at the start.
Can you keep the books in English and report to our head office?
Statutory books and tax returns are kept in Ukrainian as the law requires, but the monthly management pack, IFRS package and all communication are in English. Your head office deals with us directly.
Do you handle payroll for a small Ukrainian team?
Yes. Payroll outsourcing in Ukraine is a standard part of our service for teams from one employee upwards: salaries, taxes, social contribution, sick leave, vacation and the related reporting.
We have a representative office, not a company. Does that change anything?
A representative office has its own tax and reporting rules in Ukraine. We keep books for representative offices and know the specifics of their registration, taxation and reporting to the parent.
How quickly can you take over the accounting?
Usually within 30 days: we collect the books, reconcile balances with the previous provider, set up access and start the monthly cycle. If the books need restoration, we agree a separate plan first.
Do we need a Ukrainian director or an in-house accountant?
A company needs a director registered in Ukraine; a resident is not required by law, but banks and the tax authority work far more smoothly with one. An in-house accountant is not required at all: the accounting function can sit entirely with an accounting company in Ukraine under a contract, which is the arrangement most foreign-owned entities choose.
Which accounting software do you use?
Ukrainian statutory books are kept in the systems the tax authority and banks integrate with. For the head office we export to the group’s format or work in your ERP through remote access. The choice is made at the handover and written into the engagement letter.
Can you take over from our current accountant without a gap?
Yes. We collect the database, the source documents and the filed returns, reconcile the opening balances and record the state of the books at the handover date in writing. The first month runs in parallel where the previous provider is still available.
How does communication with the head office work?
A named accountant on your account, e-mail and calls in English, a monthly reporting pack on a fixed date and a secure file exchange for documents. Meetings online or at the office in Kyiv.
How much do accounting services cost in Ukraine?
The fee depends on the number of transactions and documents per month, the tax regime, headcount, foreign trade and currency operations, and whether the head office needs reporting in English. The components are explained on the page accounting services cost in Ukraine; we send a proposal after reviewing the task.
Do you charge per hour or a fixed monthly fee, and is there a price list?
Ongoing service is a fixed monthly fee for an agreed scope, so the budget is known in advance. An hourly rate applies to one-off tasks outside the scope, such as a reply to a tax office request or a certificate for a bank. There is no table-style price list because every company’s volume differs; instead you receive a proposal with a specific list of work.
Are you an international accounting firm?
MK Audit has worked since 2000 and is a member of DFK International, a network of independent audit and accounting firms in more than 90 countries. For a foreign owner this means group-format reporting in English, clear communication with the head office, and an auditor and an accountant in one firm.
Get a proposal
Tell us about the entity, headcount and reporting you need. We reply within 1 business day.
More in this section
We keep the books of LLCs and sole traders in Kyiv, plus a quarterly check by an auditor.
Bookkeeping in UkraineA bookkeeping month in Ukraine: source documents, VAT, payroll and what the owner sees.
Choosing an accounting companyFour types of provider in Ukraine, what to check before signing, what to ask on a call.
Payroll services in UkrainePayroll runs, taxes, unified social contribution and military levy, reports filed on time.
HR and personnel recordsContracts, HR orders, timesheets, leave, sick leave and military records that avoid fines.
IFRS accountingInternational standards: books and a reporting pack an investor or group auditor accepts.
Restoring the booksWhen the records are gone: we rebuild the data, correct returns and file what was missed.
Accounting fees in UkraineWhat the monthly fee depends on and what it includes.
The whole accounting sectionSection overview: where an NGO, a foundation or a company starts with us.