Introduction of new investment promotion regime
13 Feb 2021
On 13 February 2021, the Law On State Support for Investment Projects with Significant Investments in Ukraine entered into force. It provides special preferences and incentives for a special category of investment called "investment projects with significant investments" that:
1) are implemented in the following sectors: processing industry (except for tobacco and alcohol), extraction for processing or enrichment of minerals and lignite, crude oil and natural gas, waste management, transport, warehousing, postal and courier activities, logistics, education, scientific and technical activities, health, arts, culture, sports , tourism and resort and recreational sphere;
2) provide for construction, modernization, technical and / or technological re-equipment of investment assets as well as equipment and components purchases;
3) create at least 80 new jobs with defined salary levels;
4) amount to more than 20 million euros;
5) are implemented within 5 years.
State support for investment projects are in form of tax exemption; import duty exemption on new equipment and components; preferential land access; and construction of necessary infrastructure by the State. Specific rights and obligations of the government and investor, including preferential treatment, are stipulated in a special investment agreement.
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Type:
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Promotion and facilitation (Investment facilitation , Investment incentives)
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Industry:
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Manufacturing
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Services (Water supply, sewerage, waste management and remediation activities, Transportation and storage, Accommodation and food service activities, Scientific research and development, Other professional, scientific and technical activities, Education, Human health activities, Arts, entertainment and recreation)
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Sources:
