Ukraine National Commission on Securities and Stock Market (NSSMC) presented a draft law amending the Tax Code and other legislation to introduce personal investment accounts, a tax-incentivised vehicle intended to encourage household investment in Ukrainian securities and support national issuers. The proposal would make investment profits tax-free if funds are kept in the account for five years and invested in domestic securities, with standard taxation applying on early withdrawal. Each citizen would be able to hold only one account, which could be replenished throughout the five-year period; the annual contribution limit would be linked to the minimum wage and is currently described as up to UAH 2.4 million. The number of buy and sell transactions would not be limited, and the NSSMC plans to allow access to all domestic securities, including state and corporate instruments, shares and bonds of public and private companies, and local loan bonds. During the presentation, the initiator of the draft, People’s Deputy Taras Tarasenko, highlighted the potential relevance of such accounts for military personnel and veterans seeking financial stability during and after service. NSSMC Chair Ruslan Magomedov indicated an objective to have the law launched and to support the development of a securities market in which Ukrainian companies with high capitalization emerge in 2026.

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