From now оn, international contracting will pass in both printed and electronic formats. These documents may be signed by personal or similar electronic signature. Also, in a case both original documents are composed in English, the banks are not allowed to request the Ukrainian translation.
This is stated in the law “On Amending Some Legislative Acts of Ukraine About the Liquidation of Administrative Barriers to Export Services”, signed by the President Petro Poroshenko on November 30.
The law minimizes administrative barriers for international business contracts, currency incomings due to the export of goods and services, and also accounting and financial reporting.