Legal expert Andrew Savarets explains in a Forbes column the innovations in the law, which domestic services exporters have waited for a long time for.
Getting rid of need to find ‘workarounds’ for receiving their own earnings will reduce the cost of doing business for services exporters. Legalization of foreign currency earnings will contribute to the active flow of currency into the country, which will help stabilize the balance of payments and the hryvnia correspondingly.
A rejection of the excessive red tape and use of ‘gray’ schemes while cooperating will enhance the attractiveness of Ukrainian freelancers as business partners for foreign clients. That will, in turn, contribute over time to the revival of Ukraine`s investment attractiveness.
Read the full article [in ukrainian].