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On October 12, Ukraine signed a Common Aviation Area Agreement (CAAA) with the European Union. Since Ukraine was the 13th largest extra-EU market in 2019, with 9.8 million passengers, the European Commission highlighted this agreement as a significant “milestone”.   

According to the Prime Minister Denys Shmyhal:

“It is a free visa regime in the aviation domain for both Ukrainian and European air carriers. The Governments will no longer provide permission for one route or another as airlines will be able to negotiate the possibility and number of flights directly with the airport”.  

The CAAA foresees mutual opening of markets for passenger, freight and postal transportation between Ukraine and the European Union. Therefore, EU carriers would be able to fly to Ukraine without the necessity to apply for permission. The officials expect it will have a positive effect on trade, tourism, aviation and commerce overall.  

At a first stage, Ukraine will implement legislation to guarantee “freedom of traffic rights”. It will relieve current travel restrictions from EU carriers and support flights between Ukraine and any EU state. The second stage will allow inbound flights by EU carriers within Ukraine.  

For further information on how you or your business can prepare for the new standards or to discuss your potential actions, please contact our Kyiv Tax and Legal Department at kyiv@eurofast.eu. Remember, Eurofast is here to support your every step. Get in touch with our consultants to obtain a personal plan, support and guidance today.

Eurofast is a regional business advisory organization employing local advisors in over 23 cities in South East Europe & the Middle East (SEEME). The Organisation is uniquely positioned as a one-stop-shop for investors and companies looking for professional services in Tax & Transfer Pricing – Payroll & Employment – Accounting & Audit –Advisory & Corporate. 

Alex Maistrenko 
Tax & Legal Associate 
Eurofast Kyiv 
kyiv@eurofast.eu