The Cabinet of Ministers adopted a procedure for providing compensation for the cost of engineering and transport infrastructure facilities built by the applicant/investor with significant investments and compensation for the costs of connecting and connecting to engineering and transport networks necessary for the implementation of the project. This was reported by the press service of the Ministry of Economy.
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This is the last regulatory act necessary to launch investor support. The decision was made at a government meeting on March 15.
“Today we approved the latest regulatory document necessary to launch a mechanism for state support for projects with significant investments. Investors who are ready to implement projects in Ukraine worth more than 12 million euros will receive from us maximum assistance and support in the form of support, tax and customs benefits, compensation for the cost of constructed engineering and transport infrastructure facilities or connection to engineering and transport networks, etc. “This year we have included 3 billion UAH in the budget to support such investors,” commented First Deputy Prime Minister of Ukraine – Minister of Economy Yulia Sviridenko.
Who can get support
Investors who plan to implement a project in Ukraine worth 12 million euros, with a duration of up to 5 years in the areas of processing industry, mining for further processing or enrichment, transport, logistics, education, scientific activities, healthcare will be able to receive government support. waste management, art, culture, tourism, sports, electronic communications
The provision of state support for the implementation of an investment project with significant investments is preceded by:
- submission by the applicant (legal entity – resident or non-resident) to the Ministry of Economy of an application along with relevant documents for the assessment of a project with significant investments; Conducting an assessment of the investment project by the Ministry of Economy and providing an opinion on the feasibility/inexpediency of its implementation and the conclusion of a special investment agreement or refusal to conclude; conclusion of a special investment agreement, the parties to which are the Cabinet of Ministers, a local government body (if state support is provided by such a body for the implementation of a project with significant investments), an investor with significant investments and the applicant.
For support in the preparation and implementation of an investment project with significant investments, the applicant must contact UkraineInvest for information and advisory assistance.
Investors can receive several types of support from the state, amounting to up to 30% of the amount of an investment project with significant investments. In particular:
- priority right to use land plots of state or municipal property; compensation for the costs of construction of engineering and transport infrastructure facilities and the costs of connecting to engineering and transport networks; tax benefits; duty-free import of necessary equipment; exemption from compensation for losses of forestry production.
Projects must include the construction, modernization, technical or technological re-equipment of relevant investment objects and the creation of new jobs. The investor needs to create at least:
- 10 new jobs with wages at least 50% higher than the average wage in the region for the same type of activity; or 30 new jobs with a salary at least 30% higher than the average salary in the region for the same type of activity; or 50 new jobs with a salary at least 15% higher than the average salary in the region for the same type of activity.