Foreign Economic Activity Licensing

Licensing of foreing economic operations is defined as a set of administrative actions of the executive power body in the sphere of economic policy (Ministry of Economy of Ukraine, hereinafter – Mineconomy) on issuing the permission on exporting (importing) goods by an entity of Foreign Economic Activity.

The decision on applying an exporting(importing) regime to goods is adopted by the Cabinet of Ministers of Ukraine on a submission from the executive power body in the sphere of economic policy (Mineconomy of Ukraine), with specification of a list of certain goods, exporting (importing) of such is a subject to licenses, a time frame of validity of licences and quantitative or other limits in respect to each type of goods.

Оnly one type of licensing is applied to each type of goods.

Licenses are issued by the executive power body in the sphere of economic policy (Mineconomy of Ukraine), аnd also in the framework of their mandates — by a relevant Republic Authority of the Autonomous Republic of Crimea, and by structural subdivisions of Oblast, Kyiv and Sevastopol State City Administrations.

Types of licenses:

A special license — is a duly certified right to importing into Ukraine during a prescribed time period a certain commodity (commodities) which is a subject of special investigation and/or special activities.

An open (individual) license — is a permission for exporting (importing) goods during a specified time period (but not less than a month) with determination of its total scope.

A general license — is an open permission for export (import) operations on a certain commodity (commodities) and/or with a certain country (a group of countries) during a validity period of the licensing regime for this commodity (commodities).

An exporting (importing) license — is a duly certified right for exporting (importing) into Ukraine, during a prescribed time period, certain commodities or currencies with the aim of investing and crediting.

A single license (individual) — is a single nominative permission which is issued for performing a separate operation to certain FEA entities for a time period not less than such that is relevant for implementation of the exporting (importing) operation.