The National Bank will allow businesses to translate foreign dividends for 2023 within the general limit, which still equates to 1 million euros per month.
Since August 6, the National Bank of Ukraine has introduced a new package of money liberalization, providing permission to restore dividends for 2023, expanding forward transactions, support for the jewelry industry and additional opportunities for companies that support Ukraine’s armed forces. The NBU reported it.
It is noted that the National Bank will allow businesses to transfer dividends abroad for 2023 within the general limit, which is still EUR1 million in equivalent each month.
In the past, a chance of income received only from January 1, 2024. According to the regulator, this step will not cause a significant increase in demand for money, but increases the confidence of foreign investors and will help attract new capital. The business will also use repatriated money overseas for other needs, including repaying debts.
Also expanding capabilities for the fence of foreign exchange risks. In the framework of partnership with the IMF, the NBU continues to introduce measures to restore the foreign exchange derivatives market. In particular, bank customers can end the passage of contracts for sale of money without physical delivery of a property, while earlier it is only allowed to deliver.
Legal creatures and FLPs can also buy money on forward contracts with risk insurance for imported contracts. Banks can perform such operations only within the limits of money purchased at the striker, so this will not create additional pressure on the market.
In addition, the NBU is making changes about foreign currency translations overseas to increase confidence in topics from Ukraine. The regulator allows legal creatures and individuals to return funds to foreign currency, mistakenly credited to their accounts. To do this, you must apply for a refund within three business days from the date of receiving a notice from a non-resident bank. Such a step will contribute to observing international payment standards and strengthening the Ukrainian banking system.
Residents -Sea agents can conduct overseas transfers to restore the balance of funds received from foreigners with -the -ships or other principals if these funds are not used. This will allow agents to fulfill their contractual obligations without creating pressure on the foreign exchange market and supporting the functioning of sea logistics in the ports of Ukraine.
The national bank also takes steps to support the domestic jewelry industry, which introduces the opportunity for legal creatures and the FLP is engaged in the sale of jewelry, to buy metal banking for non -cash hryvnias, subject to certain requirements. In particular, the volume of such purchases in a calendar month may not exceed 1/12 of the total annual volume of jewelry in the retail retail in 2021.
The basis for the purchase of metal banking should be a concluding agreement on their transfer to the jewelry manufacturer, as well as documents confirming the actual transfer of metals in recent times.
These steps are aimed at developing domestic production and reducing the shadow of the jewelry market segment. It is expected that thanks to the use of official channels, the pressure on the foreign exchange market will remain minimal.
The regulator also united the regulatory techniques of external loans, expanding the capabilities of businesses to repay the loans provided by consortiums of foreign creditors along with the participation of International Financial Organizations (MFIS). Now companies will be able to make payments not only in favor of the MFIs themselves, but also other credit pool participants, if they are reliable foreign banks with a rating of at least “A”.
It is also allowed to transfer funds from Ukraine to cover the regulative requirements of foreign guarantees, guarantees or insurers that have fulfilled pain resident obligations to such loans.
It has been noted that such policies are valid for loans with participation agencies participating, and their distribution in loans with MFI participation should simplify the participation of financing and the structure of new loans.
The National Bank continues to introduce the stimulation of money liberalization. Legal creatures are allowed to restore dividends of super-current currency restrictions within the investment limit, which is equal to the amount of foreign investments involved in the authorized business capital from May 12, 2025.
Also, companies moved to the NBU from August 7, 2025 to support the armed forces of the armed forces, can perform additional currency operations for the appropriate amount. Such a transfer should be carried out only at the expense of its own money and can be used for: Payment for importing goods delivered before February 23, 2021; refund of prepayments to non -No recognizable for unfinished contracts; Repayment of loans received until June 20, 2023; funding costs for maintaining foreign representative offices; Repatriations of dividends.
The NBU also creates conditions for converting external investment debt: the non -resident can credit the cost of the Ukrainian Enterprise capital, and the banks, accordingly, will record a reduction in deadline for fulfilling accounting system obligations for external loans.
Earlier it was reported that Rada was offered to the National Bank to conduct foreign exchange liberalization.
Remember that in May the NBU softens money restrictions and begins the implementation of the stimulation of money liberalization. The purpose of the steps is to contribute to the flow of additional capital in the Ukraine economy.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.