On 30 November 2016 the President of Ukraine signed Law of
Ukraine "On Amendments to Certain Laws of Ukraine on
Elimination of Administrative Barriers to Export of Services"
No. 1724-VIII (the "Law") that aims to simplify
regulatory requirements related to export of services.
Currently Ukrainian businesses that render services to their
foreign clients are facing a number of obsolete administrative
barriers and regulatory restrictions, including currency control
requirements. The Law is targeted to remove some of such
burdensome barriers and to facilitate international trade
(especially in the IT sector).
Specifically, the Law establishes the following:
- The parties to a cross-border contract will be able to conclude
it in the electronic form. Although the Law does not elaborate on
peculiarities of the electronic form of a contract, it seems to
imply that such contract is be concluded with due account for
formalities of the so-called electronic document signed by
