In line with the currency liberalization and for improving the investment climate, the National Bank of Ukraine (NBU) has cancelled all limits on repatriation of dividends.
On 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.
This currency easing will not have any adverse impact on the macroeconomic stability. In H1, businesses transferred abroad dividends of USD 1.27 billion, whereof 1.07 billion of the account of purchased currency. The value of purchased and transferred currency in 2019 is respectively by 14% and 20% lower yoy, and at present account for only 4% of the total FX demand of bank customers.
The aforementioned amendments on the repatriation of dividends were approved by NBU Board Resolution №91 On Amendments to Some Regulatory Documents of the National Bank of Ukraine, dated 9 July 2019, that comes into effect on 10 July 2019.
