Most changes came into effect on May 4, but the ability to repatriate new dividends will begin on May 13, 2024. It is emphasized that these changes aim to improve the conditions for conducting business activities in Ukraine and the entry of domestic businesses into new markets, to support the economy’s recovery, and to promote the inflow of new investment.
The following changes are being implemented:
- All currency restrictions for the import of works and services are abolished.
- Businesses can now repatriate new dividends.
- Entrepreneurs will be able to transfer funds abroad for leasing/renting without additional restrictions regarding the subject of leasing/renting and the date of the contract’s conclusion.
- Restrictions on the repayment of new external loans are eased.
- It will be possible to repay interest on old external loans.
- Restrictions on foreign currency transfer in favor of parent companies are eased.
The head of the NBU, Andrii Pyshnyi, added that this step, along with other measures, will allow Ukrainian businesses “to breathe fully“ and promote the involvement of private capital in the economy’s recovery.