The national Bank of Ukraine (NBU) has cancelled the monthly limit in the amount of EUR5 million on the repatriation of funds from the sale of securities, corporate rights, as well as funds received as a result of reduction of Charter capital of legal entities and exit of business entities foreign investors, the report said the NBU on the website.
The NBU has also extended the list of operations allowed on the accounts of non-residents. In particular, current accounts of physical persons-non-residents the Central Bank has allowed transfer of funds in UAH received as dividends, interest income on securities and other income on the objects of property rights in Ukraine, which are not connected with their alienation, sale, removal or reduction of share capital.
“These weakening together with the previously abolished restrictions on the repatriation of dividends allow residents flexibility to manage own funds both in foreign currency and in local currency. Simplification of procedure of return of foreign investments will also contribute to further inflow to Ukraine,” – stated in the message.
In addition, for the avoidance of doubt, the Bank said that the current e-limit of EUR2 million / year for investments of legal entities-residents abroad also extends to the purchase of securities of foreign issuers and bonds of external government loan of Ukraine.
The next monetary easing approved by the NBU Board resolution No. 113 of September 9, 2019 “On approval of amendments to the Regulation on the protection measures and determine the order of execution of certain transactions in foreign currency”, which shall enter into force on 10 September 2019.