President Poroshenko signs law on removing administrative barriers to exports of services

Ukrainian President Petro Poroshenko signed the law “On amending some legislative acts of Ukraine on the elimination of administrative barriers to exports of services”, the president’s press service reported on Wednesday evening.

The law minimizes administrative barriers during signing international contracts, as well as accounting and financial reporting.

According to the president’s press service, from now on, conclusion of foreign economic treaties will be available not only in written, but also in electronic form. The law also forbids the banks to require Ukrainian translation of documents concluded in English. The invoice will be recognized primary document and can be signed via personal signature, analogue of personal signature, electronic signature, electronic digital signature, and electronic signature with single-use identifier.


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