Drafting a Foreign Economic Contract for Providing Services to Non-Residents: Bilingual Agreement

Expanding into international markets brings new opportunities — but also legal and financial risks. A foreign economic contract with a non-resident must protect your interests and comply with both Ukrainian and foreign legislation, including currency control and taxation rules.

The Legal and Real Estate Association of Ukraine offers full legal support for drafting bilingual foreign economic agreements for the provision of services — your safeguard for secure international cooperation.

What Is a Foreign Economic Contract and Why Must It Be Precise?

This is the core document regulating your relationship with an international client. It is essential for:

• Currency control procedures

• Tax reporting and accounting

• Legal protection in case of disputes

• Financial security of the transaction

Mistakes or gaps in the contract may result in:

• Rejection of currency transactions by the bank

• Fines from tax authorities

• Challenges in enforcing rights abroad

• Loss of funds if obligations are breached

Key Aspects to Consider When Drafting the Contract

• Accurate definition of services, deliverables, and format

• Currency, deadlines, and payment terms

• Applicable law and place of contract execution

• Dispute resolution mechanism (arbitration or court jurisdiction)

• Compliance with double taxation treaties

• Bilingual version: Ukrainian + the language of the counterparty

• Full compliance with Ukrainian law on foreign economic activity

What We Offer

• Analysis of your business model and service specifics

• Tailored contract drafting

• Bilingual agreement in Ukrainian and English (or another language)

• Tax guidance for international transactions

• Due diligence of your foreign partner

• Advice on registering the contract with banks and tax authorities

Why It Matters

• Standard templates rarely meet specific business needs

• Without legal review, agreements may lead to disputes and losses

• A well-drafted bilingual contract ensures protection in both jurisdictions

Why Clients Choose Us

• Over 10 years of experience in international contracts

• Expertise in services, real estate, IT, logistics, and consulting

• Practical legal solutions, not just translations

• Support during negotiations with foreign partners

A foreign economic agreement is the foundation of safe international business. Trust professionals to build it right.