31.05.2016 Supreme Rada of Ukraine approved at the plenary session a draft law number 2763 “On amendments to certain Legislative Acts of Ukraine concerning the abolition of mandatory state registration of foreign investments.”
The main purpose of this draft law is the maximum simplification of the investments order that are extremely important for entering to the Ukrainian market foreign investments.
Obligation of such registration additionally made the barriers for doing business in Ukraine.
The document is aimed before all at improving the promotion of foreign investments in Ukraine economy by simplifying the procedure of their involvement, including the introduction of application principle of state registration, that is supplying only appropriate forms and timing of statistical reporting of foreign investments which already done.
However, achieving this goal is only possible through the abolition of the relevant articles regarding mandatory state registration of investments, including foreign ones.
In this way, we can conclude that a draft law number 2763 will allow to attract foreign investments through the elimination of pre-registration, which will also facilitate the procedures for entry of foreign investments into the Ukrainian market.