Ukraine

Ukraine

Cancels the requirement for the registration of foreign investment and simplifies rules on the employment of foreigners

23 May 2017

On 23 May 2017, the Parliament adopted Law No. 4541 on amendments to some legislative acts on foreign investment. The bill cancels the registration requirement for foreign investment, replacing it with a formal notification for statistical purposes. It also regulates the basic aspects of hiring foreigners and persons without citizenship. Finally, the bill amends the procedures for issuing temporary residence permits, giving foreign investors who have substantial involvement in a Ukrainian enterprise, but are not employed in it, the right to reside in Ukraine.

  • Type:
    • Entry and establishment (Approval and admission)
    • Treatment and operation (Labor regulation)
  • Industry:
    • Not industry specific
  • Sources: