L&M Finance Group
2025-12-01 12:03

Overview of legislative changes in November 2025


In early November, a new Classifier of Economic Activities was approved by order of the State Statistics Service of Ukraine. (NACE 2.1-UA). According to the order, the new NACE 2.1-UA should come into force on January 1, 2027.

According to the approved order, from January 1, 2026, Ukraine will begin a transition period to a new system for classifying types of economic activity, which is to replace KVED:2010. This change is part of the course towards harmonization with European statistical standards.

For most businesses, the transition will be automatic — when their previous KVED has a “direct” correspondence in the new classification. In such cases, you will not have to change documents manually. However, there are categories that require attention: if the old KVED is “split” into several new codes, or has a complex correspondence, then you will need to update your registration data — change the main or additional types of business activity.

By the end of 2025, the statistics service is expected to publish a comparison table — “old KVED ↔ new NACE” — which will help businesses understand whether they need to make changes. During 2026, businesses will have time to adapt: change documents as needed, update their type of activity, and prepare for new reporting and accounting rules.

On November 18, the Ministry of Justice of Ukraine approved an order to resume the publication of information contained in the Unified State Register in the open data mode. This order was issued in implementation of the adopted law of August 21, 2025 on the updated procedure for providing information from public electronic registers.

Let us recall that in 2023, public access to the Unified Register was suspended by actually adopted decisions and resolutions.

According to the updated schedule, it is planned to actually restore access to open data starting from January 18, 2026. The relevant technical support is entrusted to the state enterprise National Information Systems, which is to restore public accessibility to the registers. The data will be available in the "open data" format, i.e. everyone will be able to download information, analyze, check counterparties, ownership structures, changes in statutory documents, etc.

On November 4, the President of Ukraine signed a law regulating issues in the field of electronic communications.

The law establishes that Internet speed becomes not a marketing promise, but an official indicator of communication quality, which operators are obliged to adhere to.

Each user will be able to check the actual speed on their smartphone - the Internet speed results will be accepted as a basis for contacting the regulator if the quality does not meet the standard.

The moratorium on scheduled inspections of operators is being lifted, which stimulates infrastructure development, especially in rural areas and regions where communication is unstable.

The law also provides for the preservation of the national roaming mechanism even after the end of martial law, so that citizens can stay connected in any emergency situations.

As a result, the changes should improve the quality of the Internet and communication, reduce the digital divide between urban and rural areas, and increase the responsibility of operators - now they not only promise, but also bear responsibility for the quality of the services provided.

On November 19, the Ministry of Finance of Ukraine updated the new procedure for accounting standards under number 126 "Lease" in the public sector. This update introduces the definition and updates the methodology for accounting for leases (finance), including clarifying approaches to reflecting expenses.

The changes clarify which cases the standard does not apply to — in particular, lease agreements related to the exploration and use of non-renewable resources (except for land leases), agreements regarding copyright and/or related rights, leases of biological assets, as well as objects that are classified as investment property under other standards.

Under the new rules, a lease can be classified as operating or finance, and in the case of finance, each component (payments, expenses, liquidation value) must be reflected in accordance with the standard. According to International Accounting Standards (IAS), a lease is classified as a finance lease if it transfers substantially all the risks and rewards of ownership. A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards of ownership.

For finance lease agreements, the standard further provides criteria by which a lease should be recognized as finance: among them, the possibility of transferring ownership at the end of the term, comparing the present value of payments with the fair value of the asset, etc.

In November, the State Property Fund of Ukraine prepared a new draft law “On Lease of State and Communal Property.” The main goal of this bill is to simplify and streamline the procedure for transferring state or communal property for use, ensure transparency, competitiveness, and maximum benefit for the state and local communities.

The draft law provides for:

¾ rejection of the term “ balance sheet holder”, which was used previously, in favor of the new one – “beneficiary”. This covers all holders of state or municipal property, regardless of property rights. Thus, the approach to property that can be leased is unified;

¾ The owners — the government or local governments — are given the right to independently determine who can act as a landlord, in particular, it can even be a usufructuary of state or municipal property;

¾ of the old formulas and two separate lists (for auctions and for transfers without an auction), a single system is provided: lessors must publish in the Unified Trading System (UTS) a complete list of property that is temporarily unused and can be transferred for rent. This will reduce the administrative burden and increase transparency;

¾ changes in the deadlines for considering applications: if the property has already been published in the ETS, interested potential tenants will be able to expect a decision within a clear framework; in the case of property not listed in the ETS, the deadline will be 30 days (previously, the procedure could take much longer due to several stages of approvals);

¾ The State Property Fund is authorized to approve a standard form of lease agreement for state property (and for municipal property - representative bodies of local governments). This should ensure the uniformity of contracts and reduce legal risks;

¾ The right to rent without an auction and the list of persons who can receive such property without an auction have not been changed.

On November 14, a draft law was registered in the Verkhovna Rada, introducing amendments to the employment of foreigners and stateless persons . The document is currently submitted to the Committee for review.

According to the draft law, instead of two documents — a work permit and a separate temporary residence permit — it is planned to introduce a single permit that gives the right to both residence and work. In addition, it is planned to create a Single State Web Portal for Employment of Foreigners and Stateless Persons, where employers will be able to publish vacancies open to foreigners or stateless persons, and interested parties will be able to submit applications for vacancies online. After accepting the application, the relevant state authorities (in particular, migration authorities) will make a decision on granting or refusing to issue a single permit. In the event of a positive decision, the foreigner (or stateless person) will be issued a visa and upon arrival, a temporary residence permit.

The draft law also provides that certain categories of foreigners/stateless persons will have the right to free access to the labor market, without additional restrictions, and the approach to issuing permits and employment for different categories will be differentiated.

On November 18, the Ministry of Finance of Ukraine (MoFin) initiated the second postponement of the launch date of the electronic office for primary financial monitoring entities (PFME). According to the initial plan, the procedure for information exchange between the SPFM and the State Financial Monitoring Service of Ukraine (SFMSU) was to come into force on December 1, 2025. The new draft order proposes to postpone the launch to February 2, 2026.

The essence of this regulatory act (order No. 322 of 04.06.2021) is to introduce a procedure for electronic data exchange between the PFME and the State Financial Monitoring Service (via e-office): reporting of suspicious financial transactions, application of a risk-based approach to customer checks, conducting case reporting, as well as reporting on the freezing of assets related to the financing of terrorism or the proliferation of weapons of mass destruction.

The launch of the e-office should ensure 24-hour operation: through it, entities will be able to submit notifications, receive requests from the State Financial Monitoring Service, and also transmit the necessary information online with the appropriate level of information security.

At the same time, postponing the launch is, on the one hand, additional time for technical and organizational preparation of the system. But on the other hand, it means that old (and possibly “less controlled”) procedures will remain in effect for several more months. For businesses, this may be a temporary “ease” of reporting or a delay in the need to adapt to new standards.

In general, the new stage of financial monitoring, laid down in the 2025 reform, was aimed at increasing the transparency of financial transactions, unifying procedures, strengthening the fight against money laundering and terrorist financing, and bringing the regulatory framework closer to European standards.

On November 5, the Ministry of Development approved an order to update building codes in the field of fire protection. These codes are based on international approaches in the field of construction, taking into account global practices in building safety.

According to the new version of the norm:

¾ classification of fire protection systems (including alarm systems, fire extinguishing systems, etc.) was clarified;

¾ objects for which the installation of each type of fire protection system is mandatory have been identified;

¾ New requirements for the design and installation of fire protection systems have been defined in accordance with new standards.

The updated building codes will come into effect on March 1, 2026.

On November 19, the Cabinet of Ministers of Ukraine adopted a resolution amending the procedure for crossing the state border by persons working in the media sector.

This resolution applies to males aged 23 to 60. According to the resolution, the passage of persons across the state border will be carried out with the presence of a corresponding letter from the State Committee for Television and Radio Broadcasting. Currently, such letters are issued by the Ministry of Culture of Ukraine. The maximum period of stay abroad is no more than 60 calendar days.

We remind you that in addition to this letter, the person must have with them:

- invitation from a foreign country to participate in certain events (with translation into Ukrainian);

- passport of the person for traveling abroad;

- the person's military registration document (or in electronic form).