UkraineInvest Executive Director Sergiy Tsivkach and Ambassador of Ukraine to Kuwait Dr. Oleksandr Balanutsa discussed future joint events to attract Kuwaiti investments to Ukraine.
It’s worth mentioning that on February 13, 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, a package of special investment incentives will be available for investment projects meeting certain criteria.
On February 17, 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 by UkraineInvest 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 etc.