Ukraine’s National Commission on Securities and Stock Market (NSSMC) outlined a set of initiatives aimed at widening the country’s capital market beyond government bonds, centred on a planned regime for individual investment accounts that would remove tax differences between investments in government and corporate securities. The update was delivered by the NSSMC Chair, Ruslan Magomedov, during the GET Business Festival 2025. The NSSMC described Ukraine’s capital market as effectively concentrated in government bonds, with a lack of precedents for corporate bond or equity issuance making it difficult for businesses to gauge fundraising potential. Under the draft law, Ukrainian citizens who invest in domestic securities for five years would be able to withdraw funds without taxes, which the NSSMC framed as a way to channel household savings into corporate placements and support the development of public offerings, including IPOs. Separately, the NSSMC signalled work on tools for venture-stage fundraising, including “closed” securities issues placed among a limited circle of investors, with an “MVP” version intended for small businesses. The NSSMC said the draft law has been prepared and will be registered in the Verkhovna Rada in the near future, and indicated it intends to proceed with launching the MVP for closed issues.

Original source View in tracker