Liberalization of repatriation of investments in Ukraine

The National Bank of Ukraine decided to abolish a EUR 5 million limit per calendar month on the repatriation of proceeds from foreign investments with the effect on 10 September 2019. The limit used to apply to proceeds from securities and equity rights sales as well as to funds from the capital reduction or a foreign investor's withdrawal from an Ukrainian company or partnership.

The relaxation of regulations of cross-boarder payments is yet another measure adopted in Ukraine aimed at liberalizing the foreign exchange regime and improving the regulatory climate for foreign investors. Since February 2019, the National Bank of Ukraine lifted or eased many restrictions, including the EUR 12 million limit on transferring dividends abroad or to non-resident accounts in Ukraine.

• Type:

  • Treatment and operation (Capital transfer and FOREX)

• Industry:

  • Not industry specific

• Sources:

  • National Bank of Ukraine, NBU Cancels Limit on Foreign Investors’ Repatriation of Proceeds from Selling Securities and Equity Rights, https://bank.gov.ua/news/all/inozemni-investori-zmojut-repatriyuvati-koshti-vid-prodaju-tsinnih-paperiv-i-korporativnih-prav-bez-limitiv, 09 Sep 2019
  • National Bank of Ukraine, Limit on Repatriation of Dividends Cancelled, https://bank.gov.ua/news/all/limit-na-repatriatsiyu-dividendiv-ostatochno-skasovano, 09 Jul 2019
  • Baker McKenzie, Ukraine Liberalizes Repatriation of Investments, https://www.bakermckenzie.com/en/insight/publications/2019/09/ukraine-liberalizes-repatriation-of-investments, 10 Sep 2019