The national Bank of Ukraine increased the limit on elimination of dividends from Ukraine with 7 to 12 million euros per month.
The corresponding decision was approved by NBU Board resolution of may 7, which shall enter into force on may 8, said in a statement on the regulator’s website.
“In the framework of the exchange rate liberalization, national Bank increased the limit on the repatriation of dividends from 7 to 12 million euros per month. This indulgence will not be critical to preserve macro-financial stability. At the same time, it will contribute to improving the investment climate in Ukraine”, – noted in the national Bank.
This is the second limit increase during the year. In February, the NBU together with the introduction of about 30 other monetary easing increased the limit on the repatriation of dividends, with U.S. $ 7 million. USA to 7 million euros per month.
“Free management from Ukraine, income is an extremely important issue for foreign investors. Increased the limit of 12 million euros per month actually meets the needs of all working in Ukraine enterprises with foreign investment. However, we understand that the existence of this regulatory limitations, of course, is a definite barrier for new investors, and our goal is complete abolition,” – the press service quoted Deputy Chairman of the national Bank Oleg Churia.
The NBU added that, given the favorable macroeconomic environment, the facilitation of repatriation of dividends abroad remains one of the priority tasks of the road map the currency liberalization. The rate of introduction of new monetary easing will depend primarily on the rate of improvement of the macroeconomic situation and the financial market.