On 26 June 2017, the President of Ukraine signed the Law “On Amending Certain Legislative Acts of Ukraine Concerning Reducing Barriers to Attraction of Foreign Investments”. The Law comes into force in three months after its publication.
For two years, the working group created within the EBA Western Ukrainian office had been working on this initiative. Together with professional lawyers from the EBA members, MPs, as well as many other participants, we made changes that simplified the basic procedural conditions for granting permits to foreign employees and for receiving residence permits.
Taking into account minimum wage requirements, it is anticipated that such changes will contribute to the attraction of foreign professional managers and specialists and increase international investments in Ukraine’s economy.
The EBA extends its gratitude to the experts of EBA member-companies and MPs for their active participation in improving the business climate in Ukraine!