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10.08.2021

The law on "investment-nannies" began to work fully

On August the 9th, 2021, the Cabinet of Ministers of Ukraine adopted all necessary bylaws for the practical implementation of the law on investment. From now on, potential investors can apply.

The Government has approved the Procedure for maintaining the Register of investment projects with significant investments and the list of information included in it. Adoption of this resolution will allow to properly monitor the implementation of investment projects with significant investments and control the provision of state support.

The Law on "investment-nannies" introduces a completely new approach to investor support. The Ministry of Economy has developed a number of bylaws to implement the law so that the process of selecting investment projects and providing state aid is transparent and clear. We are already seeing the activity of both domestic and foreign businesses. The main industries are agro-processing, production, logistics, transport and tourism”, said Deputy Minister of Economy of Ukraine Iryna Novikova.

Business support will be provided in several areas:

  • exemption from payment of certain taxes and fees in accordance with the Tax Code of Ukraine;
  • exemption from import duty on new equipment and components imported exclusively for the implementation of the investment project;
  • it is also possible to provide the investor with the preemptive right to use a land plot of state or communal property, or to provide a land plot of state or communal property for use (lease), etc.

Source Ministry of Economy

 

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