Legislation

Legislation Framework

The Law of Ukraine "About Regime of Foreign Investments" is the principal legislative act governing foreign investment in Ukraine

Ukraine has also adopted legislation dealing with issues such as anti-monopoly, corporations, bankruptcy, pledge, currency regulation, corporate taxation, international arbitration and other areas of importance to foreign investors
Restrictions on Foreign Investment

Restrictions exist for foreign investments in the publishing and broadcasting sectors, and foreigners are not allowed to participate in the manufacturing of weapons

Investment Incentives

Ukraine eliminated all investment incentives in March 2005
In August 2006, Parliament supported a draft resolution recommending that special tax regimes in free economic zones and tax incentives for technology parks be restored

Repatriation of Capital and Earnings

Foreign investors are entitled to repatriate profit, income or other funds relating to investments without any restrictions, after the payment of applicable taxes

Although not strictly required under the law, registration of the foreign investment may reduce complications in the future (withdrawal of capital, for example). This involves submitting a prescribed set of registration documents to the regional (oblast) state administration, the Kyiv or Sevastopol state administration, or the government of the Autonomous Republic of Crimea, as appropriate

Guarantees and Rights

Foreign investments are not to be subject to nationalization, expropriation, requisition, or any other measure of similar effect, except when this is in the public interest Compensation must be provided to the investor based on the property market value