Lviv Oblast State Administration by Governor Oleg Synyutka
together with all executive state bodies in Lviv invited investors
to meeting about investment climate and barriers operating in
Ukraine.
Danish Business Association raised several issues to be "worked
with and solved" during the time until the next meeting on April
21.2015.
1. A few companies have delay on VAT
2. The new tax implementation has created huge administrative
burdens for all companies
3. NBU restrictions are harmful for the foreign investment
climate and Investors are having extra thought if investing in
Ukraine.
a. 75% of incoming foreign capital is automatically exchanged
into UAH
b. Dividends cannot be paid for shareholders
c. Huge extra administrative burdens are tight up on the
currency issues
4. Working permit for foreigners which is very complicated
5. Corruption and anti-corruption
6. Extra taxes on imported goods and raw materials
Above issues will be worked out for that can be solved on the
Oblast level. Other will be written in the protocol and forwarded
to Kiev level.
The general view was a supportive meeting from all state bodies
to succeed with supporting foreign companies whom are paying taxes
and giving work for Ukrainian people. It was told that the only way
to grow economy is through keep focus on helping investors.