The National Bank of Ukraine (NBU) is making it easier for businesses to invest abroad as market conditions stabilize and restrictions ease up overall.
Businesses can invest $2 million per license for FX operations every year under the new rules, according to a press release on the bank’s website. The old limit was $50,000 per month. Obtaining a license for FX operations will also be simplified, with less paperwork required for businesses investing less than $50,000.
The NBU board has approved amendments to the new regulations and has already placed them into effect.