KYIV, March 16 - The Cabinet of Ministers amended the rules for issuing long-term visas for entry to Ukraine for foreign investors.

"The government promotes attracting foreign investments to Ukraine. In particular, changes were made in the rules for issuing visas for entry to Ukraine and transit through its territory in order to provide foreign investors with the possibility of obtaining a long-term Ukrainian visa," reads an explanatory note to the cabinet resolution No. 171 of March 14.

According to the document, long-term visas can be issued to foreigners and stateless persons who are the founders (participants, beneficial owners/controllers) of a legal entity registered in Ukraine, if the share of such persons or the foreign legal entity in the charter capital of the Ukrainian legal entity is not less than EUR 100,000 at the official exchange rate established by the National Bank of Ukraine as of the date of making foreign investment.