Much has been done recently to facilitate the policy of currency control in Ukraine

The NBU has revised the Instruction On the Procedure for Opening and Closing Bank Accounts and Correspondent Bank Accounts - Residents and Non-residents.  With the perspective of a gradual transition to the free floating of the capital, the NBU granted non-resident legal entities, including investment funds and the asset management companies which act in the name of such funds, the right to open accounts in the Ukrainian financial institutions. The simplified procedure for opening the bank accounts would have a positive impact on the business activities in Ukraine. Learn more about the amendments adopted by the NBU and be up to speed on the current situation with the Moore Stephens-Kyiv team.

Explore our newly launched website on IFRS reporting transformation

We are delighted to share with you our newly launched website highlighting the latest line solutions as to the transformation of IFRS financial reporting! EU has obliged Ukrainian government to harmonize Ukrainian accounting policy with that of EU. It is against this background that in October 2017 Verkhovna Rada approved a package of legislative changes introduced to the Law “On Accounting and Financial Reporting in Ukraine.” Moore Stephens-Kyiv team has done its best to make amendments to the Law easy to comprehend.