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 …
Ukraine Guarantees Deposits of All State Banks: Who Will Pay for Privatbank Debts?
On December 20, 2016, the Ukrainian Parliament urgently adopted draft law of Ukraine # 5553, which introduces state guarantees of all the deposits of individuals in state banks. It is …
Highlights of EEA Real Estate Forum 2016
“The market will go up, so we want to be here.” These optimistic words from Arie Schwarz, CEO of Seven Hills Group of Companies in Ukraine, were the key takeaway …
Ukraine Judicial Reform 2016 – Quick Summary
Finally this autumn several laws came into force as implementation of long-awaited judicial reform in Ukraine, adopted by Ukrainian Government on the 2nd of June, 2016, namely, Amendments to the …
Ukraine Labor Market Updates 2016
Over the last several years, as a result of the unstable political and economic situation in Ukraine, salaries levels and consuming capacity of Ukrainian people have dropped significantly. According to …
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