With reference to the Law “On State Support of Investment Projects with Significant Investments”, 5 agribusiness enterprises of Ukraine have applied for state compensation of a total sum of more than $360 million.
According to Ukraine Invest CEO Sergey Tsivkach on his Facebook page: “Since the beginning of the year, the state institution has received applications for new investment projects from five agro-processing companies for a total of $363 million”.
Let us recall that the Law “On State Support of investment projects with significant investments in Ukraine”, initiated by the President of Ukraine Vladimir Zelensky, entered into force on February 10, 2021, guarantees the provision of State support to Ukrainian and foreign investors with a total investment of €20 million, as well as the exemption from import duty of equipment and equipment on 1 January 2035; which will be imported into Ukraine for the realization of investment projects with significant investments.
On December 17, 2020, the Verkhovna Rada adopted in the second reading bills 3761 and 3762 on tax and customs concessions to investors for the realization of an investment project with significant investments, and already today Ukrainian agricultural holding can receive the state support of $363 million.
Also by the decree of President Vladimir Zelensky, have begun work on the creation of the Ukrainian National Investment Fund.
