Valuation in Ukraine is governed by the Law of Ukraine "On Valuation of Property, Property Rights and Professional Valuation Activity in Ukraine" No. 2658-III, with the State Property Fund of Ukraine (SPFU) acting as the industry's state regulator. For transactions involving state and municipal property, the law makes an independent valuation mandatory (Art. 7) and prescribes special procedures — above all, the review of valuation reports. Choosing a valuer for such assignments is therefore a matter of their standing within the Fund's system and a proven record of passing these procedures.
SPFU accreditation and the list of recommended companies
The certificate of a valuation entity and valuers' qualification certificates are issued by the SPFU — this is the baseline requirement for any valuer in Ukraine (Arts. 5, 6, 19 of Law No. 2658-III). Accreditation and inclusion in the list of companies recommended by the Fund for SPFU valuations is a different level altogether: far from every market participant holds it.
The Kanzas company is accredited with the State Property Fund of Ukraine and is included in that list. For the client, this means the report is prepared by a firm with a proven record of handling the Fund's procedures — so the report passes review and approval without unnecessary risk.
The Kanzas company holds a full valuation entity certificate. With 20+ years of experience, our practice covers all principal asset classes — from real estate and integral property complexes to equipment, corporate rights and intangible assets.
When an SPFU valuation is required
Law No. 2658-III (Art. 7) makes a valuation mandatory, among other cases, for:
- establishing companies (business entities) based on state or municipal property;
- reorganisation, bankruptcy or liquidation of state and municipal enterprises and companies with a state share;
- leasing state property — determining the market value of the leased asset;
- privatisation and disposal of state property, and pledges;
- transactions involving the state's corporate rights.
A separate practice area is the valuation of damages caused to state enterprises — including war damage.
Leasing state and municipal property
Concluding or extending a lease of state or municipal real estate requires an independent valuation of the asset. The key feature: such a report is subject to mandatory review — by the SPFU or by the relevant municipal enterprise, depending on the ownership structure of the asset.
The Kanzas company prepares reports to pass the reviewers' requirements at first submission: correct methodology, a complete set of annexes, substantiated assumptions. This saves clients the weeks otherwise lost on reworking returned reports.
War damage valuation for state enterprises
State enterprises commission damage valuations to obtain compensation from the state budget and to pursue claims — before Ukrainian and international courts. Our specialists have completed SPFU training in the methodology for valuing war damage and loss of profit, and our accumulated war valuation practice covers both state-owned and private enterprises.
A telling result: a war damage valuation report prepared for a civil security emergency response service successfully passed review by the SPFU. The market has already seen substandard reports returned by international judicial bodies and claims brought against negligent valuers — so report quality today directly protects the client from losing time and money.
Track record with the public sector
Our completed engagements include valuations for a national television and radio broadcasting company, a civil security emergency response service, and spirit industry enterprises. These are projects with exacting requirements for methodology, confidentiality and deadlines — precisely the level on which the trust of a state client is built.
Documents and procedure
The set of documents depends on the transaction: for a lease — title documents and the technical specifications of the asset; for damage valuations — asset lists, inspection reports, accounting records. Once the source data is received, the valuation assignment is drawn up, the timeline is agreed, the report is prepared and, where required, its review is supported.
We offer reports that pass review at first submission, realistic timelines and an individual approach to every procedure — from leasing premises to valuing the damages of a strategic enterprise. Write to us by email or messenger — we will discuss your task and prepare a fee proposal.
FAQ
What does SPFU accreditation give the client? The report is prepared by a firm from the Fund's recommended list — lower risk at the review stage.
Is a review mandatory for a state property lease report? Yes — by the SPFU or the municipal enterprise, depending on ownership.
Do you work with municipal property of communities? Yes, under the same procedure as state property.
