In order to assist banks and their clients on this issue, the National Bank drafted a memorandum available on the website of the Regulator (Ukrainian version only). The regulator reports that bank clients: will be able to receive the information on the current account switch…
Category: Legal News
The NBU Сanceled the Deadlines for the Settlement of a Number of Export-Import Operations
As part of currency liberalization, the National Bank has simplified currency oversight of compliance with the deadlines for payments for the export of works, services and intellectual property rights, as well as a number of export and import operations of goods that are important, in…
The National Bank Raised the Limit on Repatriation of Dividends from 7 to 12 Million Euros per Month
Within the limits of currency liberalization, the National Bank raised the limit on repatriation of dividends from 7 to 12 million euros per month. This relaxation will not be critical for maintaining macro-financial stability, at the same time it will help to improve the investment…
The National Bank Сanceled the Mandatory Sale of Foreign Exchange Earnings by the Business
In order to liberalize the implementation of certain foreign exchange operations, the National Bank cancels the requirement for the mandatory sale of foreign exchange earnings. The norm obliging entrepreneurs to sell 30% of foreign exchange earnings in the interbank foreign exchange market ceased to operate…
Six Months Left to Amendments of the Rules of Importation of Animals and Products in Ukraine
The Ministry of Agrarian Policy has defined new requirements for importing animals and products in Ukraine. The relevant order “On Approval of Requirements for the Importation (Transfer) into the Customs Territory of Ukraine of Live Animals and their Reproductive Material, Food of Animal Origin, Feed,…
The List of Construction Works with No Permission Required is Expanded
The Cabinet of Ministers has expanded the list of construction works requiring no more permission to perform some type of works and prior subject of no acceptance for exploitation if missing. The relevant Government Decree No. 236 of March 20, 2019, has already entered into…