Guide: State support for industrial parks
Law of Ukraine “On Industrial Parks” and respective changes to the Tax Code (Law No. 2330-IX) and the Customs Code (Law No. 2331-IX) provide for the system of state incentives for investment parks. The following incentives are available for initiators of the creation of industrial parks, their management companies and participants:
- exemption from income tax for 10 years, subject to reinvestment in the development of the investment project;
- exemption from VAT on the import of new equipment for own use;
- the possibility of granting benefits for real estate taxation on the territory of industrial parks by decision of the local authority;
- exemption from import duty taxation of new equipment imported by participants of industrial parks for their own use.
The Ministry of Economy has developed respective by-laws for full launch of the system of state incentives for industrial parks.
For those who intend to take advantage of incentives for industrial parks, we suggest that you read the explanatory guide prepared by the UkraineInvest team.
The guide contains all necessary information about available incentives, requirements for industrial parks, procedures for inclusion in the register of industrial parks, selection of a management company, etc. It is updated considering amendments to the current legislation.
