BUY FARM IN UKRAINE
WITH PROFESSIONAL BUSINESS BROKER



Buying Business in Ukraine

 

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  This section provides important information for buying businesses in Ukraine. If you're thinking of visiting Ukraine to buy a farm or any other business, please read it carefully before you go. There are two main ways to buy Ukrainian Company.

First is the way when clients visit us and purchase.

Second is a Remote Purchase. This is when the client doesn't visit Ukraine immediately, but buys from outside of the country. This latter option is popular with lower priced business offers and enables people to secure a bargain and then plan their trip. However, we always recommend visiting before purchase.

The information on these two options is stated below.

Choose Your Business

Go through our website and chose the businesses or farms that you are interested in and send us the reference numbers. Please note that in most cases it is possible to view no more than one or two farms in one day. Our web site shows all current businesses and farm offers and is updated constantly. But still, some offers we do not advertise widely, so please contact us, and we may offer you some good deals based on your requirements.

If you do not find any appropriate farm among those, listed in our catalog, we will be glad to assist you with a personal search. For ordering the personal search, you’ll need to go to “Our service” -> “Personal Search” and fill up the appropriate form. From our experience, the best deals come up when we perform a personal search.

Our Offers

FarmOffer.com is a website that offers farms and other businesses from all over Ukraine. All the businesses are offered through our company IGP Ukraine LLC. We take responsibility for the content of our adverts. If you require us to work for you in purchasing of somebody else’s farm or company, just ask us and we may be able to help.

Arrange Your Visit

There are two ways to arrange visiting farms and businesses.

     1. Full service. We’ll meet you at the airport, drive to the hotel and organize all the trips and viewing. Basically, all you need is to buy a ticket and fly to Ukraine. The price is 1000EUR a week + cost of accommodation.

     2. Part service. We can agree a date and time of your visit to view a business or a farm. Then you need to arrange your own flights and accommodation. In the day of the viewing, we pick you up at your hotel or if you rent a car, we can meet on the way to the farm and organize viewing and meeting with the owners. This service will cost 90EUR a day + all the appropriate expenses (cost of petrol, accommodation, etc).

When you decide to purchase a business we’ll help you with Audit, Appraisal, Legal checks and assist you to go through the purchase process.

How long should you stay? That depends, of course, on your plans, but it will take about 2 days viewing a farm and about a month to do the legal paperwork and checks if you decide to buy it. Please note: As the solicitor and Notary office aren't open on a week-end, make sure you stay for at least one working day to do any legal paperwork.

If you already have plans to be in Ukraine, then all we need to do is fix a time for you to meet one of our representatives. Our staff speaks English and Russian. They are friendly, with expert local knowledge, and will look after you.

Transport

Once in Ukraine, you can hire your own car and our representative will accompany you to view without car charges. Or we can hire a car for 50 Euro + petrol. Payment for this can be made to our representative. When you order a “Full service”, you will not pay for the car.

Accommodation

We can arrange accommodation for you, in a hotel or apartment

Once you have visited your selected farms and made your selection, it is the time to set in motion the legal process.

The Buying Process

Foreign citizens have the right to buy and own property, commercial land, and a business in Ukraine. Your rights are set forth in the Constitution of Ukraine and law of Ukraine "On Ownership". The law permits owners of property (including foreign investors and joint ventures) not only to own property but also use such property for commercial purposes, lease property, and keep the revenues, profits, and production derived from its use, after all necessary taxes are paid.

1. If you are buying remotely or visiting for less than 3 weeks, we recommend you having a Power of Attorney drawn up by your local solicitor, authorizing IGP Ukraine ltd to complete the legal formalities in your absence. Full details will be given to visiting clients.

2. When you are in Ukraine, before going to see the chosen farms, you are required to sign a Broker Agreement with us. All the broker’s fee will be stated in the agreement.

Beautiful_Ukraine23. We show you all the farms you are interested in. Once you’ve chosen a business, you will sign a Preliminary sale/purchase agreement and pay a deposit of 5% - 10% or minimum $50000. This agreement sets out the terms of purchase, including date of full contract signing and completion. The agreement is signed in the presence of a Notary officer.

4. We’ll do Due Diligence and provide you with auditors, lawyers and appraisals, who will check the company. If everything is clean and clear, you sign the main sale agreement, if something wrong, you’ll get back your deposit and we come back to step 3.

5. Signing of the main sale Agreement.

6. Registration of the purchase with state authorities. To save buyer's time is usually conducted by us by Power of Attorney.

7. When buying property in Ukraine, you have the option of insuring the contract for 1% of purchase price, as mentioned below in “Buying costs”.

Documents you need to have

To enter into a sale-purchase agreement, you need to have the following documents:

1) Your passport. And copy of your birth certificate

2) Your tax payer number on the territory of Ukraine.

The tax payer number on the territory of Ukraine can be obtained at a Tax Administration in any city of Ukraine. If short visit, you will need to give us Power of Attorney to receive it.

3) Power of Attorney certified by Apostile (legislation certificate) authorizing our company's employee to receive the tax identification code in Tax Inspection.

Apostile is an International legislation certification and means confirming that a signature, seal or stamp appearing on a document is genuine.

Address of Apostile legislation in London:

The Legisaltion Office

Foreign & Commonwealth Office

Old Admiralty Building

The Mall

London SW1A 2LG

By telephone:

020 7008 1111

The legal process is dealt by a lawyer nominated by our agency and known to be an experienced professional. It's normal for the Lawyer to represent both sides, as in France, for example, and the lawyer is legally bound to be diligent. If there is the slightest irregularity in a company's paperwork, you will be advised accordingly.

It's worth noting, that to involve another solicitor is unnecessary legally and is likely only to drag out a sale. In fact, in our experience you will most likely lose the deal. It is by avoiding such pitfalls as duplication of solicitors that we maximize your chances of a successful conveyance.

Most of our Ukrainian farms sales are done within 20 days to a month, with the odd one taking longer if some legal issue comes up. If a business title isn’t 100% in order, our solicitor will cancel the sale. Fortunately, this is very rare as all the businesses are go through due diligence.

Money Transfer

Payment of funds from abroad to Ukraine can be done through a currency specialist (as noted below) or from your local Bank. You will need to fill in a "Priority Payment" or "Electronic Transfer" form and the payment should take about 3 days. When you fill in the form with the Bank staff, please bear in mind that the slightest error can result in the payment not being made. This can be critical when making payment for the deadline on a Contract. So check the form carefully before signing it and give yourself plenty of time and transfer at least a week before the due date.

For rates better than the high street banks in the UK, we recommend contacting Ernie Enver at Currency Solutions on +44 (0)208 8502266. He offers a friendly and great value service.

Remote Purchase

We find a business that is so low priced that an immediate decision and fast purchase is often required. To enable our clients to secure such bargains, we offer a way of buying quickly without visiting Ukraine. It's called "Remote Purchase", when you authorize us to sign documents on your behalf and you are the named beneficiary on the Contract. A formal Power of Attorney will be needed.

In this process, you authorize us to act on your behalf. 5% of the purchase price is sent to us immediately and sale agreed with vendor. Remote purchase can be a simple and fast process that removes much of the stress from buying. No mad rush to get to Ukraine to buy before the farm is sold to somebody else. Just a call or e-mail along with the 5% deposit and its yours, subject to Due Diligence process.

But please bear in mind that sending your deposit starts the legal process, with attendant costs, and your deposit will not be refundable if you decide not to proceed, for whatever reason. So, be sure that you wish to purchase. Also, please do not treat the Remote Purchase deposit as a "property holding" tactic. We spend a lot of time doing the initial checking of documents and drawing up of the Preliminary Contract - work for which we will not get paid if you do not proceed (the seller gets the deposit in full, but not our Business Broker Company).

If the sale falls through due to actions other than your own, such as the seller not proceeding or the solicitor terminating the process as he's not 100% happy with the documentation, or after Due Diligence comes up some facts that affect the deal and you are not happy with, you will receive a full refund of your deposit. We don't deduct any costs, but refund in full.

We try to show all aspects of a business on our site, good and bad.

 

Reasons to Choose our company:

1. Lowest commission.

2. Genuine low local agricultural business prices.

3. Expert local knowledge and access to reliable building services

4. Help in every step of the business acquiring (form meeting at an airport and registering a new company, till helping with money transfer and final payments).

5. Confidence from dealing with one of Eastern Europe’s premier business agencies.

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