Ukraine allows non-residents to lease state property

The State Property Fund of Ukraine (SPF) has allowed non-residents to lease state-owned property and liberalized the procedure for the submission of relevant documents, according to SPF First Deputy Head Dmytro Parfenenko.

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"The Ministry of Justice of Ukraine has registered an SPF order dated September 18, 2017, which gives non-residents the right to lease Ukrainian state-owned facilities. It will come into force soon, after publication in the government's official bulletin," Parfenenko wrote on Facebook.

In his words, the SPF's catalogue lists about 6,000 state-owned facilities for rent.

Read alsoState assets sales via ProZorro may start in Sept"We also work with the authorities so that they more actively update the list of property for rent. Today, there are 5,988 facilities on the list," the official wrote. "The Fund, in turn, will intensify the promotion of objects for rent," he added.

As UNIAN reported earlier, revenue from the lease of state property in 2016 amounted to UAH 1.02 billion ($38.4 million), which was 16% down year-over-year. The SPF expects to receive over UAH 1 billion ($37.6 million) from the lease of state property in 2017.

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