Our definition: Interim Management
Temporary transfer of management competence of a subsidiary or representative office.
Local characteristics: The application process for a work permit for non-Ukrainian directors is cumbersome and time consuming
After the foundation of a Ukrainian subsidiary or a representative office non-Ukrainian directors require a work permit. The application for this permit, however, can only be initiated after the business has been registered. The application process takes at least a couple of weeks. In the meantime the subsidiary needs to be operated by an officially determined manager.In case of the manager’s sudden dismissal (e.g. due to loss of trust) it is rather difficult to find a reliable replacement - especially during liquidation.
Our solution: Appointment and supervision of a temporary director
Otten Consulting offers interim management through our Ukrainian personnel. We obligate ourselves to exclusively act on behalf of the holding company supervising the appointed management board accordingly.With regards to the application of the work permit we kindly refer you to our experts, who have many years of experience in this area.
