The Law of Ukraine
On Protection of Foreign Investments in Ukraine
Date of Entry into Force:
October 5, 1991
The Law of Ukraine “On Protection of Foreign Investments in
Ukraine” stipulates that investments, profits, legal rights and interests of
foreign investors on the territory of Ukraine shall be protected by its
laws.
Pursuant to the above Law foreign investments shall not be
subject to requisition by the state except for cases of natural disaster,
damages, epidemics and epizootics. Besides, it is established that requisition
of foreign investments in the mentioned cases may be conducted only under
decision of the Cabinet of Ministers of Ukraine and on condition of adequate
reimbursement that shall be paid to foreign investor.
The Law guarantees to foreign investors transfer abroad of
profits and other sums which they got on legal basis as a result of
entrepreneurial activity on the territory of Ukraine. Thereto foreign
investors have possibility to transfer the mentioned funds in national as well
as in foreign currency.
The Law also stipulates that with the purpose of national
economy development and creation of conditions for making foreign investors
interested in realization of structural investment projects in Ukraine,
foreign investors shall be entitled to reinvest the profits obtained on the
territory of Ukraine.
The Law charges the Cabinet of Ministers of Ukraine to
prepare and submit to the Verkhovna Rada of Ukraine suggestions dealing with
the types of activities which may be performed by foreign investors on the
basis of special permit (license) and with the procedure of such
licensing.
Summary is prepared by Yaroslav the Wise Institute
of Legal Information.
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Information.
All rights for the provided information are protected in
accordance with the legislation of Ukraine.
Reference to Yaroslav the Wise
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materials.
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Law of Ukraine of 10.09.1991 № 1540а-XII
