The NBU allows e-residents to transfer currency received from non-residents abroad

The NBU allows e-residents to transfer currency received from non-residents abroad

Implementation of the e-residency project will help attract additional revenues to the state budget

Цей текст також доступний українською

The National Bank of Ukraine (NBU) allows e-residents to transfer funds in foreign currency received on accounts in Ukrainian banks from non-residents for services or work rendered to their accounts abroad, after paying taxes in Ukraine.

This is reported by the NBU press service.

"The relevant changes will not put pressure on the foreign exchange market and Ukraine's international reserves, as such transactions will not involve the purchase of foreign currency – the transfer will be made at the expense of foreign currency received by the e-resident from abroad," the statement says.

It is pointed out that the implementation of the e-residency project will help attract additional revenues to the state budget, promote Ukraine as a global IT brand, and improve Ukraine's position in international rankings.

The NBU clarified that the relevant changes were enshrined in Resolution No. 53 of 20 April.

Previously. To recap: The NBU has allowed banks to sell 20% more cash currency than purchased non-cash currency. 

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