Law on elimination of barriers to foreign investments became effective
PwC, Kyiv, Ukraine
Thu, Sep, 28, 2017
On September, 27 2017 the Law of Ukraine* designed to eliminate barriers to foreign investments became effective.
The law includes, among others, provisions that significantly simplify the process of hiring of foreign individuals by Ukrainian legal entities.
According to the new Law, from now on there will be no requirements to the qualifications of perspective foreign nationals to be employed in Ukraine. Practically it means that Ukrainian legal entities will be able to hire foreigners regardless of availability of higher education or the length of their previous professional experience.
At the same time, there are certain categories of foreign nationals who can benefit from the simplification of the employment procedure in Ukraine (e.g. graduates from top tier world universities, highly paid professionals, shareholders and/or beneficiaries (controllers) of Ukrainian legal entities, etc.).
PwC Ukraine will additionally issue a newsletter addressing the respective changes in more detail shortly.
*The Law of Ukraine “On introduction of changes to certain legislative acts of Ukraine regarding elimination of barriers to foreign investments” No 2058-VIII, dated 23.05.2017.
Camiel van der Meij, Partner & TLS Leader, firstname.lastname@example.org
Andrey Pronchenko, Partner, Tax and Legal Services, email@example.com
Alexey Katasonov, Director, Tax and Legal Services, firstname.lastname@example.org
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