The National Bank of Ukraine (NBU), continuing its currency rules liberalization policy, has announced the cancellation of limits on transferring dividends abroad or to the accounts of non-resident shareholders in Ukraine. This decision came into effect as Regulation of the NBU No. 91 on July 10, 2019. Previously there was a limit of EUR 12 mn per month that could be transferred as a dividend for each Ukrainian legal entity.
According to the NBU, more than 30 restrictions have been removed in Ukraine as of the beginning of 2019. It will continue the liberalization of currency rules along with the improvement of the economy to reach the final strategic goal – the free movement of capital. Until recently, restrictions on dividend payouts were considered one of the major showstoppers for foreign investors entering Ukrainian market.
If you would like more information on the liberalization of currency rules in Ukraine, please feel free to contact SCHNEIDER GROUP in Kyiv.