Business facilitated the mechanism of investing abroad

The national Bank of Ukraine has simplified the procedure of investing legal entities abroad.

This was reported on the website of the NBU with reference to the decree No. 51, which will come into effect from June 12, transfers UNIAN.

Now businesses can invest abroad up to $ 2 million per year on the basis of one currency license, and earlier limit for such transactions amounted to 50 thousand dollars a month.

The national Bank has established a simplified procedure for obtaining a license for investment up to 50 thousand dollars, but the investment in excess of this amount provides a detailed list of documents.

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“Such steps will improve the terms of reference of legal entities of foreign economic activity and, along with that will facilitate economically unjustified operations of withdrawal of funds outside Ukraine,” – said the regulator.

We will remind, the Verkhovna Rada abolished the mandatory registration of foreign investments. Rada adopted in the second reading the bill No. 4541 “On amendments to certain legislative acts of Ukraine on reducing barriers to foreign investment”. The adoption of the draft voted 239 deputies. According to the draft law, provides for the cancellation of registration of foreign investments is replacing its formal notification for conducting state statistics and the provision of residence permit in Ukraine by foreign investors, who are not officially employed in Ukraine.