Ukraine will attract more than 1 billion US dollars of potential investment with the help of investment nannies

UkraineInvest received the first appeals under the Law of Ukraine ,,On State support of investment projects with significant investment in Ukraine”. In three months, the institution received 15 appeals from potential investors at the amount of more than 1 billion US dollars.

During the round-table discussion ,,Law on investments: projects for the first billion” with the participation of people’s deputies of Ukraine, representatives of the Government and the investment community discussed the results of the Office for attracting and supporting investment UkraineInvest since the adoption of the Law.

The Law of Ukraine ,,On state support of investment projects with significant investment in Ukraine” provides additional impetus to Ukrainian and international investors and promotes Ukraine's integration into global production and supply chains. We are doing as much as possible to encourage those who are already successfully working in Ukraine to invest more, as well as to attract new investors who see Ukraine as a location for their companies,” - said Minister of the Cabinet of Ministers of Ukraine Oleh Nemchinov.

Since the law is valid, UkraineInvest has shown significant interest from foreign and Ukrainian businesses.

,,This is a breakthrough in the development of the investment climate of our country. For the first time in the history of its independence, Ukraine provides state support for investment projects. In three months of its work, UkraineInvest has already considered 15 applications for a total of more than 1 billion US dollars in investments,” - said UkraineInvest executive director Serhiy Tsivkach.

Among the main investment incentives provided by the Law: exemption from taxes and import duties, construction of infrastructure facilities at the expense of the State and local budgets, simplification of the procedure for providing land plots. With an investment of more than 20 million euros and the creation of 80 working places, investors will be able to receive state support, which will amount up to 30% of the investment. Under the Law, UkraineInvest will assist investors in the process of preparing an investment project, in particular, submitting an application, communicating with public authorities and local governments.

According to Iryna Novikova, Deputy Minister of Economic Development, Trade and Agriculture of Ukraine, the implementation of this law and other legislative acts on which the Ministry is currently working are important. In particular, together with UkraineInvest, a draft procedure for cooperation with investors, public authorities and local self-governments has already been developed.

People's deputy of Ukraine Ihor Marchuk added that Verkhovna Rada is currently working on the adoption of related legislative acts, which should ensure a certain synergetic effect from the comprehensive implementation together with the Law on support of significant investment.

The People's Deputy of Ukraine, chairman of the temporary special commission of Verkhovna Rada on protection of investors' rights Halyna Yanchenko stressed that the Law will allow UkraineInvest to raise the work of attracting huge investments to a completely new level. Dmytro Oliynyk, Director General of the Economic Policy Directorate of the Office of the President of Ukraine, stressed that the issue of attracting foreign investment into Ukraine's economy is a priority for President of Ukraine Volodymyr Zelenskyi.

Ambassador Extraordinary and Plenipotentiary of Ukraine to the United States Oksana Markarova expressed the need to work to improve the business climate in Ukraine. At the same time, in her opinion, such initiatives as the law on investment incentives should be implemented, as this will not only increase investment into the Ukrainian economy, but also help attract investors who are ready to participate in changing the business environment in Ukraine. In this context, she noted the importance of expanding cooperation with the United States as a strategic partner in many areas, starting from political and security and ending business areas.

The event was attended by representatives of the investment community, namely: Clemens Lehr, CEO of Amstar in Europe, Igor Mariash, CEO of Foreign Investment Company ,,Bimbo Cuesar Ukraine”, Ozan Aslan Chalar, Marketing Director of ,,Lifecell LLC”, Alina Sviderska, General Director of ,,Scatec Solar Solutions Ukraine”, Anatoliy Storozhuk, Director of ,,Sater-Ecoenergo Group of Companies LLC”. Business representatives shared the positive experience of cooperation with UkraineInvest in solving problem issues during the implementation of investment projects in Ukraine.


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