Ukraine is famous for its culture, cuisine, beautiful landscapes, fertile land, and rich natural resources. Being a plentiful and means rich country, Ukraine came up under the control of the group of oligarchs. Since the national independence referendum in 1991,…
On May 24th, the president of Ukraine, Volodymyr Zelenski, signed a law that will facilitate a land decentralization program. During his speech on the Ukraine 30 forum, he presented Law #2194, known as the Land`s constitution. Moreover, the Parliament recently…
Despite the third wave of COVID-19 and strict quarantine restrictions, April in Ukraine was very rich in news, bill proposals and law amendments. The President of Ukraine, Volodymyr Zelensky, approved important laws about security, courts, and Russian sanctions. Moreover, amendments in Tax Legislation, card fees policy and…
On March 15, the Ukrainian Cabinet of Ministers implemented Decree #278, allowing for e-passports to equate to regular passports. E-passports are digital analogues of paper documents and are currently available in the government based app – “Dija“. According to officials, the main goal of “Dija” is to introduce a…
On March 22, the president of Ukraine, Volodymyr Zelensky, signed the Law relating to The Bureau of Economic Security. As we wrote previously, the main function of the Bureau of Economic Security (BES) will be to provide analysis, not to put in force. The Bureau will analyse the beneficiaries…
State support of investment projects plays a significant role for both investor and the local community. Governments try to attract investments by different incentives: tax deductions, reimbursements, exemptions and state guarantees. On February 13, 2021, the newly introduced Law “On State Support…
During the past year, Ukraine implemented land reform, adopted new AML Law, drastically amended its tax system with the new Anti-BEPS Law, introduced CFC rules and created a basis for a new legal framework for the IT industry. These achievements declare Ukraine`s continuous move towards prosperity…
Business always follows the basic economic principle being that of maximizing revenue and minimizing expenses. Governments are always interested in the development of business via the creation of new jobs, higher productivity, GDP as well as taxation implemented via special…
According to the International Data Corporation, the IT industry seems to have been less hit by the COVID-19 crisis compared to other business sectors worldwide. The experience gained in 2020 will help to reshape not only companies but also governments…
Times magazine recently announced that 2020 is the worthiest year in world history. For Eurofast, 2020 brought a number of challenges as well as plenty of opportunities. Throughout the past year, Ukraine officially launched the land market, the pilot project of E-residency, took a step forward in establishing the Bureau of Economic Security, introduced the new Anti-BEPS Law with the CFC rules and…