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The mandatory state registration of foreign investments may be canceled.

The mandatory state registration of foreign investments may be canceled.

Posted in News.

The Verkhovna Rada adopted in first reading a bill on the abolition of mandatory state registration of foreign investments.
The Verkhovna Rada intends to cancel the mandatory state registration of foreign investments. For the adoption of the first reading of the bill №2763 voted 261 deputies at the minimum required 226.
The document provides for the abolition of Article 395 of the Commercial Code regulating the procedure of state registration of foreign investments, as well as the introduction of relevant amendments to the Law “On Foreign Investment”.
Thus, the proposed state records to attract foreign investment to lead on the application principle and leave mandatory statistical reporting of enterprises with foreign investment and banking institutions of foreign investments already implemented in accordance with the law.
According to the explanatory note, the adoption of this bill as much as possible to simplify the attraction of foreign investments into Ukraine’s economy.
The authors of the bill №2763 are 7 deputies, the project has been registered in the parliament on February 3.

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