Everything You Need to Know About Property Valuation Laws in Ukraine (evaluation of trademarks in Ukraine)

Independent valuation of property and property rights in Ukraine is carried out in accordance with a strictly regulated system of legal and regulatory acts, which includes:

1. The Law of Ukraine “On Property Valuation, Property Rights Valuation, and Professional Valuation Activities in Ukraine” No. 2658-III [1]. This document serves as the fundamental legislative act that establishes the legal framework for valuation activities, sets requirements for valuation entities, and defines cases in which valuation is mandatory.
2. National Valuation Standards (NVS). For many years, the principal methodological document was Resolution of the Cabinet of Ministers of Ukraine No. 1440 “On Approval of National Standard No. 1 ‘General Principles of Property and Property Rights Valuation’” [2]. The standards regulate the application of three classical valuation approaches: the cost approach, the market (comparative) approach, and the income approach.
3. Regulations of the State Property Fund of Ukraine (SPFU). As the government authority responsible for state regulation in this field [3], the SPFU maintains the State Register of Valuers and oversees compliance with professional requirements.

The year 2025 became a turning point for the property valuation sector in Ukraine, including the valuation of intellectual property assets such as trademarks, patents, and copyrights. The country is actively moving toward European and international standards under the influence of its commitments to the IMF and the European Union, as well as the need for greater market transparency to attract investment. The reforms have affected both national legislation and the practical application of international standards.

New Classification of Valuation Areas and a Comprehensive “Inventory” of the Profession

The practical phase of the reform began with the implementation of the provisions of Law No. 4017-IX “On Administrative Procedure.” According to the updated Article 15 of the sector-specific law, the previous complex system was replaced with three clearly defined valuation areas:

1. Valuation of real estate and rights thereto.
2. Valuation of movable property.
3. Valuation of businesses, business interests, financial instruments, and intangible assets (including intellectual property rights to inventions, utility models, industrial designs, trademarks, copyrighted works, including computer software, technical specifications, drawings, and methodologies).

To implement these provisions, the State Property Fund of Ukraine issued Order No. 765, which introduced the mandatory reissuance of valuers’ qualification certificates according to the new valuation areas. All previously issued certificates lost their validity on January 1, 2026. Experts referred to this process as a professional “filter,” as the registers were cleared of inactive specialists, thereby improving quality standards and increasing personal accountability within the market.

The next stage of the reform was the Draft Law of Ukraine No. 13435 “On Property Valuation,” registered on June 27, 2025. The document proposes a comprehensive restructuring of the industry, replacing the outdated Law No. 2658-III of 2001 (as amended as of January 1, 2025).

Innovations of the Draft Law

• Transition to international standards — direct application of IVS (International Valuation Standards) and EVS (European Valuation Standards). Valuation reports prepared under these standards are intended to be readily understandable to foreign investors.
• A single professional organization — consolidation of supervision, licensing, and professional education of valuers within a single structure instead of the current fragmented system (SPFU, National Bank of Ukraine, StateGeoCadastre, etc.).
• Simplification of procedures — reduction of bureaucracy and enhancement of transparency and professional accountability.

International Valuation Standards: What Changed

The International Valuation Standards (IVS 2025), published by the International Valuation Standards Council (IVSC) on January 31, 2024, came into effect on January 31, 2025.

The key updates include:

• A new structure and the introduction of new sections: Data & Inputs, Documentation, and Financial Instruments.
• Reorganized General Standards to better reflect modern valuation processes.
• Greater emphasis on data quality, ethics, ESG factors, and transparency.

The European Valuation Standards (EVS 2025) have also been updated. They include specific guidance regarding:

• Valuation of agricultural real estate;
• Application of valuation standards during wartime conditions (developed with Ukraine’s needs in mind);
• The impact of EU legislation on valuation practice.

These changes are particularly relevant for Ukraine due to the need to assess war-related damages and support economic recovery.

The year 2025 marked the transition of Ukraine’s property valuation system—including the valuation of patents, copyrights, trademarks, trade names, logos, and trade secrets—from a Soviet and post-Soviet model to a modern European framework. Although the full implementation of Draft Law No. 13435 is still underway, the measures already adopted, including qualification reforms and the transition to IVS and EVS, have significantly changed the rules of the game.

In the long term, these reforms are expected to enhance Ukraine’s investment attractiveness, provide stronger protection of property rights, and bring the country closer to EU standards. Valuers and businesses should already be aligning themselves with international approaches to ensure readiness for the new realities.

Tetiana Husieva
Intellectual Property Valuer
+38 067 538 3997
pravo.fin24@gmail.com

Stanislav Sukharev
Ukrainian Patent Attorney No. 427

+ 38 067 209 78 89

patent@unite.ua