• Українською
  • Government opens floodgates of the bill on "investment nannies", says Iryna Novikova
    Ministry of Economy of Ukraine, posted 09 August 2021 16:14

    The Cabinet of Ministers of Ukraine has adopted all the necessary bylaws for the practical implementation of the law on "investment nannies". From now on, potential investors can apply.

    Thus, at the previous meeting, the Government 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 supporting investors. The Ministry of Economy has developed a number of bylaws to implement the norms of law so that the process of selecting investment projects and providing state aid is transparent and clear. We can observe the activity of the business, both domestic and foreign. At that, the total announced investments currently amount to more than US$ 1.3 billion. The main industries are agro-processing, production, logistics, transport and tourism," told Deputy Minister of Economy of Ukraine Iryna Novikova.

    It should be noted, the Law of Ukraine "About the state support of investment projects with significant investments in Ukraine" provides support of projects with investments over EUR 20 million. Also among the mandatory requirements for projects - at least 80 jobs with a salary that will be higher than the average in the region by 15%.

    Business support will be provided in several areas: exemption from 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 privilege 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.