Seal Requirement Canceled
The Parliament of Ukraine created the Law of Ukraine “On Amending Certain Laws of Ukraine for Simplification of Opening Business Opening Procedures” (the Law) on May 15, 2014, which repealed the mandatory application by seals of legal entitles. The Law should come into force 6 months after its promulgation.
Canceling of the mandatory application of the seal should prune down setting up business, contracting and notarization in Ukraine, and improve business conditions.
The Law must be signed by the President of Ukraine and published in the official parliamentary publication.