NBU cancels limit on repatriation of dividends
Ukrinform
From July 10, 2019, business with foreign capital is no longer subject to the limit on the transfer of dividends abroad or to nonresident accounts in Ukraine, according to the press service of the National Bank of Ukraine (NBU).
“In line with the currency liberalization and for improving the investment climate, the National Bank of Ukraine has cancelled all limits on repatriation of dividends. From 10 July, business with foreign capital is no longer subject to the limit of EUR 12 million per one legal entity on transferring dividends abroad or to nonresident accounts in Ukraine,” reads the report posted on the NBU website.
Cancelling the limit on repatriation of dividends became the third major currency easing over the last three weeks, the central bank added.
Previously, the NBU cancelled the foreign currency surrender requirement and the limit on funding foreign representative offices of Ukrainian businesses,
