One of the most common questions that investors have is: Is it possible to buy an apartment for cash? Resolution of the National Bank’s Board of Ukraine of 29.12.2017 № 148 prohibits payments of more than 50 000 hryvnias between individuals under contracts of sale, which are subject to notarization. As the value of real estate usually exceeds this amount, the calculation can only be non-cash, for example by bank transfer. It can be made via SWIFT payments from your account, but taking into account bank fees and often with the provision of documents proving the source of funds.

We should also take into account that a non-resident as an individual is entitled to import into Ukraine across the border cash in the equivalent of not more than 10,000 euros without a written declaration. If a non-resident imports an amount exceeding the specified one, he must declare it to the customs authority and obtain a customs declaration.

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