Ukraine, together with many other post-Soviet countries, has been known for excessive bureaucratic barriers making it more difficult to do business in the country. Today, the Ukrainian Parliament adopted a draft law* which makes it much easier to export goods and services from Ukraine.
In particular, according to the new law:
This is a major change compared with the currently existing rules. These require the parties to sign written contracts, in Ukrainian, and to also sign “acts of acceptance” in order to be able to execute the transaction, no matter how small.
As such, the draft law is another step towards making Ukraine a more business-friendly environment. It will become effective after it is signed by the President and published.
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* The draft Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine Regarding the Lifting of Administrative Barriers to Exports of Services”, No. 4496.