The President of Ukraine wants to support significant investments in the state

The President of Ukraine Volodymyr Zelensky submitted to the Verkhovna Rada a bill “on state support of investment projects with significant investments.”

This was announced by Deputy Head of the Presidential Office Yulia Kovaliv.

The document proposes to consolidate the investor’s guarantees by concluding a direct agreement with the Government of Ukraine for 15 years. For the investor, a manager will be appointed (so-called “investment nanny”), authorized to support the process of preparation and implementation of the project.

In addition, it is planned to provide additional benefits: exemption from income tax, exemption from customs duties, and VAT when importing new equipment or equipment into Ukraine.

The document also provides for the simplification of the provision of land needed for the project. Construction or reconstruction of adjacent infrastructure will be funded by the state (roads, electricity and gas, heat, water, utilities, etc.).

The total amount of state support is planned to be set at up to 30% of the amount of investment in the project. At the same time, the investor must invest at least 30 million euros, and create at least 150 new jobs with an average salary of at least 15% higher than the average salary in the relevant area in the region.

It will be recalled that on February 13, President Volodymyr Zelensky met with representatives of the country’s leading business associations and called for participation in government programs for large investors. The head of state assured that he and his team “are ready to fight for every penny you invest in Ukraine.”

Bohdan Marusyak