Earlier this week the Verkhovna Rada, Ukraine’s parliament, approved amendments to the Ukrainian export legislation, which may facilitate the export of services. The new legislation will apply to all exporting companies, including service providers and freelancers from the IT industry.
The new legislation lifts the obligation to sign a paper contract, use a rubber stamp, provide a report of completion and translate documents from English to Ukrainian when delivering services to a client from outside the country.
Contracts, signatures and invoices in electronic form will be considered sufficient from the legal point of view.
A contract is not even legally required to export services: an “exchange of electronic messages” or a simple invoice sent by email are enough.
The amendments are yet to be signed by President Poroshenko.