This new regulation, announced by the Ministry of Reintegration of the Temporarily Occupied Territories of Ukraine, facilitates foreign businesses' involvement in infrastructure projects within Ukraine, particularly during the ongoing martial law period.
Key Points of the Decision
On August 6, 2024, the Ukrainian government passed a resolution allowing foreign companies and organizations with operations in Ukraine to engage in construction activities without the need for a traditional construction license. Instead, these companies can now submit a declaration of economic activity to the appropriate licensing body, granting them the right to conduct construction projects. This streamlined process is intended to expedite critical infrastructure projects and will remain in effect throughout the period of martial law.
Impact on Ukrainian-Polish Border Infrastructure
This regulatory change is particularly relevant for Polish companies, which can now participate in the construction and modernization of checkpoints on the Ukrainian-Polish border. These projects are part of a broader initiative outlined in an agreement between the Governments of Ukraine and Poland, signed on September 9, 2015, which involves the provision of a loan under the terms of tied aid.
Improving Regulatory and Legal Frameworks
The Ministry of Reintegration emphasized that this decision is expected to enhance the regulatory and legal frameworks governing the activities of foreign companies in Ukraine. By simplifying the process for foreign businesses to engage in construction, the government aims to attract more international investment and expertise, particularly in the context of vital infrastructure projects.
Conclusion
The Ukrainian government's move to allow foreign companies to set up checkpoints on the Ukrainian-Polish border is a strategic step towards strengthening infrastructure and international cooperation. As Ukraine continues to navigate the challenges posed by the ongoing conflict, this decision underscores the importance of global partnerships in the nation's rebuilding and defense efforts.
