State support for investment projects with significant investments in Ukraine

     In order to stimulate the attraction of strategic investors to the Ukrainian economy, increase the investment attractiveness of Ukraine, as well as increase the competitiveness of the economy through the introduction of state support for large investment projects, in February 2021 the Law of Ukraine "On State Support for Investment Projects with Significant Investments in Ukraine" came into force.

    State support is available to investors who plan to implement a project in Ukraine worth at least 12 million euros and with an implementation period of up to 5 years in the areas of processing industry, biogas and biomethane production, mining of minerals for further processing or enrichment, transport, warehousing, postal and courier activities, waste management, logistics, education, science, healthcare, art, culture, tourism, sports, electronic communications, and resort and recreation.

     State support for investment projects with significant investments may be provided to an investor with significant investments in the following forms:

- exemption from payment of certain taxes and fees;

- exemption from taxation of import duties on new equipment (equipment) and its components;

- provision of preferential land use rights for a land plot of state or municipal property for the implementation of an investment project with significant investments;

- compensation of the investor's costs for connection and accession to engineering and transport networks;

- compensation of the cost of engineering and transport infrastructure facilities built by the applicant or investor with significant investments, necessary for the implementation of the investment project;

- exemption from compensation for losses in forestry production.

    At the same time, in order to attract investors, increase the number of jobs and investment projects with significant investments, as well as promote the development of the regions where they will be implemented, the Ministry of Economy has developed a Guide for a Significant Investor (in Ukrainian and English), which is available at the links https://me.gov.ua/view/82d5b422-62a3-4960-869a-9bb8a46c4422, https://me.gov.ua/view/a0ca5fca-aa94-42e1-a512-6c058f8dba65.

   Considering that the efforts of the Ministry of Economy are aimed at stimulating the development of the private sector and creating the prerequisites for greater financial independence of the state by providing maximum support to Ukrainian and international investors during the implementation of investment projects, we ask you to disseminate the above information among business representatives in the region.

    If you have any questions regarding the mechanism for attracting investments through investment projects with significant investments, please contact us by phone at + 380 (44) 200 23 89 or by email at: h_bobrovska@me.gov.ua, achornomaz@me.gov.ua.