Private persons from Ukraine invested USD 9mln in foreign lands in 2017 upon electronic license from NBU via designated banks. The regulator proceeded with the anew initiative starting last summer.
NBU’s e-license confer a right on transfers abroad for the licensee to the tune of not more than USD 50 000 a year. Only three type of payments are eligible therein ─ investment, depositing to private accounts in foreign banks, and life insurance transfers for non-residents in Ukraine.
In order to receive such a license, one has to file for it in a bank holding foreign currency account for a customer. Later the bank itself makes an inquiry to the currency board for the license. The client has to present an official proof of the legal origin of the deposited amount and only.
As a result, NBU issued 402 electronic licenses for sending money abroad, out of which 370 licenses opted for transfers amounting to USD 9mln.
