Expected Changes Relating to State Support of Significant Investments

05.05.2023

The Parliament of Ukraine has passed Draft Bill No. 8138 “Amendments to Law of Ukraine “State Support of Investment Projects with Significant Investments in Ukraine” in a first reading.

If the Bill is passed, it will come into force on the day following its publication and include the novels described below.

THRESHOLDS
 
Minimum required amount
of the significant investments		 Minimum number of
the newly-created jobs

 
 
NEWLY ADDED POTENTIAL SPHERES FOR PROJECT IMPLEMENTATION
 
Processing information and electronic communications Transactions with real estate
Manufacturing power-efficient
construction materials		 Manufacturing climate equipment and equipment for heating systems, ventilation, air-conditioning, hot water supply
 
SIGNIFICANT INVESTMENTS CAN INCLUDE

  • amounts of investments made by an investor 12 months before the application date
    (up to 25% of the total amount of significant investments)
  • grid and utility line connection fees

The Bill sets the term for finalization of documents submitted by an investor
and special investment agreement

15 calendar days

The Bill sets forth the procedure and duration of negotiations between the applicant and the Ministry of Economy as to the provisions of a special investment agreement

two-month period
that may be extended up to two months


The applicant itself can be
an investor with significant investments

An exemplary form of a special investment agreement will be established by the Ministry of Economy
 

We will be glad to assist you in getting state support for your investment project and advise you on the other legal issues relating to its implementation in Ukraine.

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