Eases foreign exchange restrictions to promote inward and outward investment
04 May 2024
On 4 May 2024, the National Bank of Ukraine (NBU) eased foreign exchange restrictions to improve business conditions, promote outward investment abroad, and support economic recovery and investment inflows. Key changes include allowing payments abroad for any services, works, and intellectual property rights rendered after 23 February 2021, and enabling the repatriation of up to € 1 million per month in dividends for the fiscal year 2024. For cross-border loans, interest payments on loans received before 20 June 2023 are now allowed under certain conditions, with a cap of € 1 million per quarter for overdue interest.
Ukrainian representative offices of international card payment systems and foreign airlines can transfer up to € 5 million per month to their headquarters, and leasing/rental payment restrictions have been lifted.
-
Type:
-
Treatment and operation (Capital transfer and FOREX)
-
Industry:
-
Not industry specific
-
Services (Transportation and storage, Financial and insurance activities)
-
Sources:
