The Cabinet of Ministers of Ukraine adopted all by-laws necessary for the practical implementation of the Law “On State Support for Investment Projects with Significant Investments in Ukraine.”
“This is another step towards introducing investment incentives for investors who seek to implement projects in Ukraine. The approved by-laws allow to begin the procedure of preparing and submitting an application to the Ministry of Economy for receiving state support,” said UkraineInvest Executive Director Sergiy Tsivkach during a meeting with the presidents of the regional chambers of commerce and industry of Ukraine.
Oksana Tkachuk, Head of Investment Advisory Department of UkraineInvest, and Yevhenii Shakotko, Head of Legal Affairs and Regulatory Policy Department of UkraineInvest, also attended the meeting and explained the details of the state application process and requirements to applicants.
Since the adoption of the law on investment incentives, UkraineInvest has already received 26 preliminary applications from potential investors for a total amount of $1.9 billion.
UkraineInvest is also developing the concept “Ukraine – a European manufacturing hub ” (“Made in UA”), according to which, due to its geographical location, skilled workforce, and extensive transport infrastructure, Ukraine is becoming the new manufacturing center of the European region.
“In this context, it is important to work with regional chambers of commerce and industry because the best promotion of our country in the world is a successful operating Ukrainian manufacturer,” stressed Sergiy Tsivkach.
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