SIMPLIFIED PROCEDURE FOR OBTAINING PERMISSION FOR IMMIGRATION FOR FOREIGN INVESTORS

 On January 13, 2021, the Government of Ukraine made a decision that significantly simplifies the procedure for obtaining a permit for immigration to Ukraine for foreign investors.

 The most striking changes are that a foreign investor can now accumulate his funds to the flow account of his company, which is registered in the manner prescribed by the legislation of Ukraine, instead of an investment account. Previously, everything was complicated by the fact that foreign investors had to first transfer their funds from abroad to an investment account in a Ukrainian bank, and only after that - to the account of their company.

 Also, it should be noted that the old rule on the possibility of transferring funds to an investment account is not excluded. The choice remains with foreign investors.

 As before, banks or their divisions are obliged to issue a certificate for a foreign citizen who applied for an immigration permit on the basis of the legislation of Ukraine on the receipt of foreign investment in the form of funds, which contains information about the receipt from an immigrant (interested foreign investor ) foreign investment in the form of foreign converted currency of at least 100 thousand dollars from own account from abroad to an investment account in a Ukrainian bank or to a flow account of an enterprise in a Ukrainian bank created by a foreign investor.

 Before signing an immigration permit, the SMS must check the availability of money in the account for the fact that the money was not withdrawn from the company's account by sending a corresponding request to the bank or its division that issued the investment certificate.

 I would like to note that the Resolution of January 13 also contains a normative consolidation of issues that were not previously spelled out in the law, for example, if, during the consideration of documents regarding the issuance of a permit for immigration to Ukraine, documents or data in documents are changed to a foreign citizen , then the new documents must be submitted to the migration service within 10 days from the date of the changes in order to make the appropriate changes to the package of documents for an immigration permit and in order to take them into account when deciding on issuing an immigration permit; in case of a decision to cancel an immigration permit in Ukraine, a copy of such a decision is issued to a foreign citizen against a subscription within 2 weeks or by sending a recommended letter by mail.

 Also, this Resolution gives the employees of the SMS the right to access the "Arkan" system, which greatly simplifies the procedure for obtaining an immigration permit. It is possible not to send a request to the Border Guard Service to check if there are grounds for refusing to issue a permit for immigration to Ukraine.

 In the case of obtaining a permit for immigration to Ukraine, contact the specialists of the law firm "Prikhodko and Partners" for qualified help, we will do all the work for you.