In particular, changes were made to the procedure for importing into the customs territory of Ukraine and targeted use of new equipment and components imported by an investor making significant investments for its own use in the implementation of a special investment agreement. Thus
– the procedure for submission of the list and volume of imported goods by both the applicant and the investor with significant investments has been improved;
– clarified the rules regarding the compliance of the list and volume of imported goods submitted by the applicant with the provisions of the draft special investment agreement, the terms of which have been agreed upon in accordance with the law;
– expanded the grounds for refusal to approve the list and volumes of goods when reviewing it at the written request of an investor with significant investments, etc.
In September 2014, President of Ukraine Volodymyr Zelenskyy signed amendments to the Law on State Support of Investment Projects with Significant Investments in Ukraine, known as the “Law on investment nannies”. These include a reduction in the size of significant investments to EUR 12 mln and a reduction in the number of new jobs created during the life of the investment project from 80 to 50. In addition, a new form of state support for investors has been introduced, namely partial compensation for the cost of building related infrastructure.
According to the Ministry of Economy of Ukraine, the government has allocated UAH 3 bln for 2024 to support projects with significant investments, as well as a mechanism for partial compensation of such investments through taxes.
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