UkraineInvest Executive Director Sergiy Tsivkach presented the specifics of state support for investment projects with significant investments in Ukraine (the so-called law on “investment nannies”) during an event organized by the Federation of Employers of Ukraine.
He explained what projects foreign and Ukrainian investors can apply for state support and what forms of investment incentives the business community in Ukraine can receive.
According to Sergiy Tsivkach, the law provides preferences in abolishing taxes (income tax, VAT, land tax), import duties, land lease payments, development of related infrastructure, etc.
Such state support is given in the amount of up to 30% of the investment provided. In addition, the investor signs a long-term investment agreement with the state that fixes the terms of cooperation and predictability of doing business legal regulation.
During the speech, UkraineInvest’s “MAKE in UA” program was also presented aimed at attracting investment into Ukraine’s manufacturing sector.