With the support of UkraineInvest, another investor has submitted an application to the Ministry of Economy for evaluation under the Law “On State Support of Investment Projects with Significant Investments”

With the support of UkraineInvest, another investor has submitted an application to the Ministry of Economy for evaluation under the Law “On State Support of Investment Projects with Significant Investments”

The next step is for the project to go through the evaluation process, obtain the Ministry of Economy’s conclusion on the project’s feasibility, and for the investor to sign a special investment agreement with the Cabinet of Ministers, subject to the project’s approval.

In accordance with the Law on Substantial Investments, UkraineInvest assists investors in preparing and submitting an application to the Ministry of Economy (including documents proving the applicant’s financial capacity, feasibility study of the project, documents confirming the absence of restrictions specified in Part 4 of Article 7 of the Law, etc.).

In addition to the possibility for investors to obtain exemptions from income tax, VAT, land tax and import duties, the Government of Ukraine has also allocated UAH 3 billion in the state budget to provide state support for the implementation of investment projects with significant investments by compensating investors for the construction of engineering and transport infrastructure and its connection. 

According to the procedure, these benefits of up to 30% of the cost of investment can be used by investors planning to implement projects in Ukraine worth EUR 12 million or more, excluding VAT. 

Attracting investment to the economy is a key condition for the country’s recovery and development. The name of the investor is withheld for confidentiality reasons. 

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