The Ministry of Economic Development and Trade and the Better Regulation Development Office (BRDO) presented the Draft Law “On Amendments to Some Legislative Acts of Ukraine to Improve the Investment climate in Ukraine.” According to the First Vice Prime Minister – Minister of Economic Development and Trade of Ukraine Stepan Kubiv, adoption of these Amendments will allow Ukraine to enter the top-40 DoingBusiness ranking in 2018. This year Ukraine has got the 80th place in DoingBusiness.
To implement such significant changes and increase economic attractiveness of the country it is planned to improve protection of shareholders rights, simplify the process of legal persons registration, organise work without seals. The Draft Law aims to simplify the procedure of business lending through the introduction of the institute of trust ownership for insurance of liabilities to banks and facilitation of access to information on integrity of borrowers.
Moreover, the Amendments will simplify the process of obtaining building permits, exclude the possibility of unjustified reclamation of expert money estimation of land during notarization of contracts on alienation alienation.
Source: the Ministry of economic development and trade of Ukraine