Cabinet simplifies registration of foreign companies' representations

According to the Prime Minister, this will somewhat "ease" the investors' life in Ukraine.

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The Cabinet of Ministers of Ukraine has simplified the procedure for the opening and registering in Ukraine of foreign companies' representative offices, Prime Minister Oleksiy Honcharuk told a briefing after a government meeting on Wednesday.

"The procedure for opening and registering representative offices of foreign companies has been simplified. This will make life easier for our foreign investors," Honcharuk said.

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"In our opinion, this is a step, albeit a small one, to demonstrate that we are thinking of how to attract investment," he said.

As UNIAN reported earlier, in late September, Honcharuk said that Ukraine should attract $50 billion in investment to achieve the goal of 40% GDP growth in the next five years.

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