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Business without stamps?.

A draft law “On amendments to legislative acts concerning stamps used by legal entities and private entrepreneurs” foresees decreasing of stamps use in everyday life of Ukrainian companies. If adopted, the law would set the following rules: 1)      Responsibility (a fine) for public officials requiring documents from business subjects only with stamps of these subjects, as well as for those publi...

Residence registration in a new way.

Haven’t we got used to new rules for registration of rights to real estate, the President signed a new law changing the procedure of residence registration. As we know, currently the territorial subdivisions of the State Migration Service of Ukraine have been empowered to register a place of one’s residence for several years. However, from April 2016 one shall have to apply to the local governmen...

New tax surprises by the Supreme Rada.

This time there is a new draft-law at the Supreme Rada, entitled “On zero declaration”. The key-idea is – every Ukrainian resident is to declare not only his incomes but also his expenses. If such expenses are higher than the official income, one will have to pay income tax. If the law is adopted, the system would work according to the algorithm: every citizen will be required to submit personall...

The National Bank of Ukraine has simplified the order of money transfers abroad.

Today, on the 2nd of March, the NBU has introduced the next innovation to the Rules of money transfers, which seem to be positive for Ukrainian residents. It shall be clarified that the rules deal exclusively with non-commercial transfers. First, the National Bank now has its own interpretation of who are "relatives" in the legislative sense. This clarification was necessary because the rules cov...

Videolink with the Court of Great Britain.

The "Legalaid" team gained a unique experience when accompanying a Ukrainian witness questioning in a British court via videolink.The Birmingham County Court was hearing a debt recovery case. Either Claimant or Defendant were in Great Britain, but one of the Claimant's witnesses resides in L'viv region, Ukraine. Thus going abroad was both financially and time-consuming. And questioning via videoli...

The National Bank of Ukraine has simplified the foreign exchange control for service-traders via Internet.

July 8,the NBU decided to say "no" to bureaucracy and to meet those who are doing business via Internet. Usually, when making transactions in banks, residents are obliged to submit copies of contracts with non-residents, certificates and other documents confirming the performance of works, services provision, transfer abroad of intellectual property, etc. Now, to meet the requirements and at the ...

The court fee will be raised from 1 September 2015.

Parliament adopted the draft law On amendments to some legislative acts of Ukraine concerning payment of court fee number 2862 from 15.05.2015.The main change is that if the fee is legal property claim is estimated at 1% of the claim, but not less than 0.2 salary size and no more than 3 salary size, it is proposed to install a 1.5% of the claim, but not less than 1 min. salary size for a legal ent...

Confirmation of beneficiaries is extended for 4 month.

Today, problems with confirmation of final beneficiaries would disappear, because yesterday Parliament passed a law that extends the filing confirmation from May 25 for another 4 months.Besides the law simplifies the procedure, because now is not required to submit proof companies founded by physical persons only, because information about them is already available in the registry. To this list ar...

Taxation of individuals has been changed.

The threshold of 20% tax on income of individuals raised. The bill number 2576 from 04.07.2015 g. was passed in Parliament, envisaged that the 20% tax on personal income should be used if individual income exceeds 17 times minimum wages (wihin 1 calendar month). Before that, the 20% tax rate applied when the income of physical persons amounted to more than 10 times the minimum wage.Also the use of...

Citizenship in Ukraine: simplified procudere for serviceman.

As known, citizenship in Ukraine may acquired in cases provided by the Law of Ukraine "On Citizenship", among them: the birth (from parents Ukrainian), territorial origin (born in Ukraine), as a result of the establishment of the child care, the citizenship as a result of obtaining immigration permit (permit for permanent residence).The authors of the bill number 2847 from 14.05.2015r. believe tha...