UkraineInvest presented benefits of the Law “On Investment Nannies” during the roundtable between Ukraine and Luxembourg

UkraineInvest presented benefits of the Law “On Investment Nannies” during the roundtable between Ukraine and Luxembourg

On February 22nd, a roundtable between Ukraine and Luxembourg took place to discuss the de-risking mechanisms, which can be used to start steady recovery of Ukraine. Deputy Executive Director of UkraineInvest, Yevhenii Shakotko, joined the event online. 

Representatives of the Ukraine Recovery Committee of the European Business Association, Prozorro Sale, Rise Ukraine, Ukraine Reconstruction Fund and Ukraine Startup Fund were among the participants. 

The event was dedicated to the discussion of the issues of investing in Ukraine during the full-scale war, post-war reconstruction of our country, and mechanisms of  war risk insurance for projects in Ukraine. 

Yevhenii Shakotko focused on the support of investors under the Law on Investment Nannies. Besides, he highlighted the possibilities for investors to start their work in Ukraine right now and, in particular, the assistance that our UkraineInvest team can provide for them. 

“UkraineInvest is a key government institution that supports investors in preparing their applications, directly in the procedure of submitting applications, and, finally, in obtaining state support”, – noted the Deputy Executive Director of UkraineInvest. 

Yevhenii Shakotko spoke about the operation of industrial parks in Ukraine and advantages of the incentives from the changes, introduced to the legislation on support for their work. Among them are the following: profit tax relief up to 10 years, customs duty relief on new equipment, property tax relief for industrial purposes. 

In addition, there are financial incentives, such as full or partial compensation of interest rates on credits (loans), compensation of expenses, provision of funds on a non-refundable basis for connection and accession to engineering and transport networks. 

“Our UkraineInvest team provides support in searching for partners, locations, establishing relationships, effective connections with local and central government agencies, as well as many other aspects of support that we can provide, if you are ready to consider Ukraine as a place for investment”, – said Yevhenii Shakotko.

In conclusion of his speech, the Deputy Executive Director drew attention to the mechanisms of war risk insurance for projects in Ukraine, among which he highlighted MIGA (Multilateral Investment Guarantee Agency), German Federal Ministry for Economic Affairs and Climate Action and USA International Development Finance Corporation. 

We thank the organizers FUND AML and managing partner Valeriia Kotsur for their cooperation and organization of such an important event.

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