Repatriation of dividends by businesses in 2017 slightly exceeded the forecasts of the National Bank of Ukraine and amounted to $1.8 billion, according to Deputy Governor of the NBU Oleh Churii.
The National Bank of Ukraine (NBU) has expanded opportunities for businesses on repatriating dividends abroad in foreign currency, allowing companies to pay dividends for 2013, in addition to dividends for 2014-2016, within US$2 million a month per legal entity (issuer, depository institution, or foreign investor), according to the NBU website.
Ukraine’s parliament voted on Thursday to remove a tax for foreign investors on profit earned on debt swap operations, after Prime Minister Volodymyr Groysman said this was needed to allow Ukraine to borrow in September, according to Reuters.