Ukraine: The purchase of foreign currency is liberalized for companies

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In short

The National Bank of Ukraine (NBU) further relaxed its foreign exchange regulations and relaxed restrictions on the purchase of foreign currency by local businesses (companies and individual entrepreneurs).

From July 20, 2021, Ukrainian companies will be allowed to purchase foreign currency up to an amount equivalent to EUR 100,000 per day without having to justify this purchase by contractual obligations and submit supporting documents to their account banks .


  • Until recently, only purchases of foreign currency by companies for amounts not exceeding the equivalent of UAH 400,000 (approximately USD 14,630) were exempt from the requirement of justification by the contractual obligations of the buyer and the provision of supporting documents. In addition, the purchased foreign currency was subject to the mandatory transfer requirement requiring companies to use (transfer) the foreign currency within 10 business days of its purchase.
  • With the entry into force of new regulations, companies will be able to use foreign currencies purchased within the daily limit of EUR 100,000 discussed above for their business purposes without having to justify such a purchase, and the mandatory transfer requirement will not be required. will not apply to those foreign currencies purchased.
  • At the same time, for most of the transfers of foreign currency from Ukraine to abroad (including foreign currency purchased within the aforementioned limit), Ukrainian companies will still be required to justify such transfers with contractual obligations and provide the relevant supporting documents to the banks.
  • In addition, cross-border transfers of foreign currency purchased within the aforementioned limit for the purpose of investing abroad, making loans to foreign borrowers or allocating funds to foreign bank accounts will always be limited by the limit. cumulative statutory of 2 million euros per calendar year. .
  • The NBU intends to gradually lift the requirement to justify foreign currency purchases, subject to the health of the financial sector.

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