Starting from the 1st of January 2021, Ukrainian Parliament has increased the amount of minimum wage and minimum living wage in accordance with the new Law of Ukraine “On the …
Ukraine Adopts Land Reform: New Law Opens the Farmland Market
On March 31, 2020, the Verkhovna Rada finally approved the new Law “On Amendments to Certain Laws of Ukraine on the Conditions of Turnover of Agricultural Land” (hereinafter, “Law 552-IX”), …
Ukraine Starts COVID-19 Quarantine Exit
On May 04, 2020, the Ukrainian Government decided to extend quarantine till May 22, 2020, but relaxed a number of quarantine restrictions beginning May 11. Starting May 11 it is …
Ukraine Enacts Laws to Ease COVID-19 Hardships
Following implementation of COVID-19 quarantine measures in Ukraine on March 12, 2020 (with a planned termination date of May 22, 2020), the Ukrainian Parliament has adopted several laws to help …
Ukraine Revises Currency Control Regulations
Starting from 7th of February 2019, new Law of Ukraine “On Currency and Currency Transactions” comes into force. It implements long-awaited currency reform in Ukraine and a new core principle …
How to Open an Escrow Account in Ukraine
Starting from 23rd of March 2017, Ukrainian government has introduced amendments to the Civil Code of Ukraine and allowed to open and use escrow accounts. Escrow account is a type …
Doing Business as Private Entrepreneur in Ukraine – Q&A
In today’s society, an increasing number of people are deciding to work on a freelance basis or to build a small business of their own instead of taking on traditional …
Ukraine Removes Limits on Foreign Currency Cash Withdrawals
The National Bank of Ukraine (hereinafter – NBU) has canceled limits on withdrawals of cash in foreign currency from bank accounts in Ukraine. Such decision was reflected in the Regulation …
Ukraine and India: Business Opportunities
Which country is famous for Bollywood movies, dazzling dances and colorful Holi festivals, invented yoga, chess, geometry and algebra and is the second most populous state in the world? Where …
Export of Services from Ukraine Simplified
Starting from 3rd of December, 2016 Ukraine has eliminated unnecessary bureaucratic procedures, which were applicable to settlements for Ukrainian service export. Namely, in accordance with the adopted Law of Ukraine …