Recent Posts

1

Personal Banking and Finances / Re: Money import limitations

« Last Post by David Rochlin on 04:08 18-Oct-2020 »

This is registered. There is no problem with larger amount. But. This must be verified by identification, transfer bank notification, purpose of transaction etc. Best way to start is with your transfer bank. They can help and they are likely to have a correspondent bank. It is all about money laundring, and if you are fine - you will not have a problem. If you are uncertain you can check for bilateral tax agreement between you domestics and Ukraine. If the amount is higher I advice that you seek towards your normal legal and tax adviser.

Thanks for that.
One more question, if you would know ...
Bringing in money through e.g. Western Union, is that registered in the same way with similar limitations as such? How does that work in relation to money laundering?

Western Union will set monthly limits and ban customers from using the service, if they seem to use it too often.  So, only a money launderer transferring petty cash would try it with them.

2

Personal Banking and Finances / Re: Money import limitations

« Last Post by BobLviv on 16:17 16-Oct-2020 »

I think it is the same in principal, but not so interesting for the relevant authorities because the amounts are smaller and the identification requires more time since no tax code is required.  I have also noticed Ukrainians who I have transferred money to to be less concerned with Western Union, but they might just not know...

I just noticed the favourable low fee in my situation. Hence, I do use it as such. Since I'm not in a hurry, I could go step by step

3

Personal Banking and Finances / Re: Money import limitations

« Last Post by K24 on 13:19 16-Oct-2020 »

I think it is the same in principle, but not so interesting for the relevant authorities because the amounts are smaller and the identification requires more time since no tax code is required.  I have also noticed Ukrainians I have transferred money to to be less concerned with Western Union, but they might just not know...

4

Personal Banking and Finances / Re: Money import limitations

« Last Post by BobLviv on 19:08 15-Oct-2020 »

This is registered. There is no problem with larger amount. But. This must be verified by identification, transfer bank notification, purpose of transaction etc. Best way to start is with your transfer bank. They can help and they are likely to have a correspondent bank. It is all about money laundring, and if you are fine - you will not have a problem. If you are uncertain you can check for bilateral tax agreement between you domestics and Ukraine. If the amount is higher I advice that you seek towards your normal legal and tax adviser.

Thanks for that.
One more question, if you would know ...
Bringing in money through e.g. Western Union, is that registered in the same way with similar limitations as such? How does that work in relation to money laundering?

5

Personal Banking and Finances / Re: Money import limitations

« Last Post by sha on 19:00 15-Oct-2020 »

#
Does anyone know whether such import is registered somewhere as such that the limit per month/year will be verified?
Where to find such information on-line or is there a specialist here to bring some light?#

This is registered. There is no problem with larger amount. But. This must be verified by identification, transfer bank notification, purpose of transaction etc. Best way to start is with your transfer bank. They can help and they are likely to have a correspondent bank. It is all about money laundring, and if you are fine - you will not have a problem. If you are uncertain you can check for bilateral tax agreement between you domestics and Ukraine. If the amount is higher I advice that you seek towards your normal legal and tax adviser.

6

Personal Banking and Finances / Re: Cheapest way to transfer 2000 EUR to somebody in Ukraine?

« Last Post by sha on 18:15 15-Oct-2020 »

I have used Transferwise for many years. Correct it is for private bank different cards. Still I find it is the less expensive way. Yeasterday I made a tranfer of 110.000 Uah. Cost for transfer including transfer rates is about 2.300 uah total.
Service is fine. Only problem you can have problems sending 2-300.000 in one go.
We have used this service for years, bying appartments, repair etc.

7

Q&A / Re: Future of Ukraine

« Last Post by Fraucha on 08:27 13-Oct-2020 »

 Internet speeds in some regions are phenomenal and cheap.

For example I live in Bila Tserkva, I have BKM as my internet provider. I have a full fiber optic line all the way into the router in the house. I have an average of 940Mbps down and about 960 up, total cost for the year 2400UAH with my discount 2100UAH (~$74.00 USD or basically $6. a month) Ping average is 2.5. Downtime....about 0%!  6 bucks a month! my friend in Portland Oregon pays $100 a month for less speed....

8

Q&A / Re: Future of Ukraine

« Last Post by AkMike on 21:30 10-Oct-2020 »

But they have had their time in country.
 I'm optimistic about the future as long as they clean out the crooks in power and behind the throne. It's been getting better at street level, slow oh so slow but there is improvement. Roads are finally being repaved after many years of neglect. manhole covers are replace rather than just shoving branches in to was motorist of a BIG pothole.  (Thieves steal them for scrap metal)
 I hope that things continue to get better and would if the moscow midget would back off the invasion and return Crimes.
 Before making a move here I suggest that you visit and see if you can manage independently. Language will be a barrier constantly. Maybe not so much in the IT field but at the stores and everyday life. Lviv area speaks mainly Ukrainian and Kyiv is mostly russian. But Ukrainian is becoming more populat because of the invasion.

9

Q&A / Re: Future of Ukraine

« Last Post by UKUA on 14:30 10-Oct-2020 »

My intention was never to "hurt" somebody with my post; just wanted to get a feeling... !

Never even thought that for a moment!

Moving to Ukraine to work remotely IS a smart decision. Beautiful country, lots of history, places of beauty and, with luck, you meet friendly people. Internet speeds in some regions are phenomenal and cheap.

Funnily enough, neither of us are local these days although we have spent some considerable time in Ukraine. We go for 3 months at a time but, thanks to the current pandemic, any trips are on hold.

You will need to familiarise yourself with the rules for entry to Ukraine for work.

10

Q&A / Re: Future of Ukraine

« Last Post by BeYou2020 on 12:43 10-Oct-2020 »

Wow ! Thank you for your kind answers. I guess you both are locals and you know what you're talking about

I was looking and seeing only the good things which appear to "non locals" - German. Good summary about the situation

As you maybe saw my other post... I was and I am still interested to do a step and move in direction Ukraine... but after reading all that I am not sure if it's a smart decision... I was going to ask my boss for remote work possibility and get first impression about the country and after a while take a decision.. thats why I asked about the future...

My intention was never to "hurt" somebody with my post; just wanted to get a feeling... !