Guide: Incentives for Significant Investments

Guide: Incentives for Significant Investments

On 13 February 2021 the Law of Ukraine No. 1116 “On State Support for Investment Projects with Significant Investments in Ukraine” (Law on Investment Nannies) entered into force introducing a comprehensive legislative framework aimed at attracting large investments to the economy of Ukraine. According to the Law and respective amendments to the Tax and Customs Codes of Ukraine (effective as of 28 March 2021), a package of special investment incentives will be available for investment projects meeting certain criteria.

On 17 February 2021 the Government of Ukraine designated UkraineInvest to support investment projects willing to receive state support. UkraineInvest as the primary point of contact will guide investors through state support application process, assist in setting communication with state and local authorities.

Explanatory Guide on the Law is prepared to familiarize the potential investors with the specifics of the Law. The Guide provides information on available forms of state support, requirements to applicants and investment project with significant investments, details of application process.

This Guide will be constantly updated in accordance with adoption of respective by-laws by the Cabinet of Ministers of Ukraine (approx. by August 2021) to let investors fully enjoy up-to-date, complete, and comprehensive information on state support of investment projects with significant investments.

UkraineInvest has prepared an unofficial translation of the Law of Ukraine “On state support of investment projects with significant investments in Ukraine” and related by-laws for your convenience.