Ukrainian and foreign business, ready to invest more than EUR12 mln, will receive tax benefits, regulatory relief and support at the level of project implementation, Prime Minister Denys Shmygal said.
“Actually one of the key tasks in the economic sphere for this year is to increase foreign investment in Ukraine. For this purpose we are working with partners. For this purpose insurance of military risks has been launched. We constantly improve conditions for investment projects. Today we will adopt a decree improving the mechanism of state support for large investment projects,” Shmygal said at a government meeting on Friday.
According to him, Ukrainian and foreign business, which is ready to invest more than EUR12 million and create new jobs, will receive maximum support and special conditions, in particular, tax benefits, regulatory relief, and support at the level of project implementation.
“Today’s decree concerns a new approach to the preparation of a feasibility study of an investment project. We remove and simplify a number of provisions, including the necessity of economic analysis, the revision of the social assessment of projects, as well as we weaken the requirements of financial solvency of the applicant,” Prime Minister said.
Shmygal emphasized that all these decisions have a single goal – to launch more investment projects, which will create more jobs and strengthen communities and the economy.
FOREIGN BUSINESS, tax benefits, UKRAINIAN BUSINESS, Денис Шмигаль
