News date: 22 May 2019
Discussing the legal regulation of investments abroad, Nina Bets spoke of developments in the European investment law.
“When investing abroad Ukrainian business should take into account the requirements of EU law and the requirements of Ukrainian currency legislation, which are constantly changing. Today, investment abroad is possible in the legal field only. Banks and registration agents, being afraid of high penalties, thoroughly study their clients to establish identity of the ultimate beneficiary, as well as the sources of funds. Our company, as the holder of license for the right to provide legal address in Estonia, also studies the compliance of its clients in detail, – noted Nina Bets. – Estonia is one of the most beneficial EU states in terms of investments: no currency control rules, no mandatory economic presence of the company at the place of its registration and, most importantly, no income tax”.
The panel participants discussed recent changes in the currency legislation of Ukraine, legal regulation, structuring of investments in the EU and the USA, frequent mistakes and ways to avoid them.
Intax Forum Ukraine has been held since 2011, and is aimed to discuss topical issues in the fields of corporate finance, private and corporate structuring, national and international taxation, investment and cross-border trade in goods and services. The event is annually visited by more than 400 participants from more than 20 countries of the world.