Government Eases Conditions for Investors
The Ukrainian government has approved amendments to the Procedure for importing new equipment and components for investment projects with significant investments. The decision aims to simplify participation in the state support program, remove unnecessary barriers, and ensure better alignment with real business needs.
According to the Ministry of Economy, Environment and Agriculture, the updated rules are expected to attract more foreign investors and make Ukraine a more predictable investment destination, even under current challenges.
Key Changes in the Import Procedure
The new resolution introduces several important improvements:
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Extended deadline: Investors now have 12 months (instead of 5 days) after receiving a feasibility conclusion to submit the final list of equipment. This provides flexibility for tenders, supplier selection, and technological process configuration.
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No country-of-origin requirement: Since global manufacturers often rely on subcontractors, the obligation to specify the origin of each component created difficulties. The rule has been removed.
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Simplified pricing rules: Equipment values will now be recorded in the currency of the supply contract with a total amount in hryvnias, avoiding discrepancies caused by exchange rate fluctuations.
Benefits of the Updated Rules
The reforms create a more investor-friendly environment by:
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providing flexible timelines for equipment selection,
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removing bureaucratic barriers linked to product origin,
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aligning customs pricing with real market contracts.
Deputy Minister Vitaliy Kindrativ emphasized:
“The proposed changes align state procedures with real business processes, making them predictable and convenient for investors. This is another step toward modern rules of state support that allow Ukraine to attract significant investments even in difficult times.”
Conditions for Participation in the Program
The state support program for projects with significant investments continues to apply to companies that meet the following criteria:
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investment volume over €12 million,
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creation of at least 10 jobs,
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project implementation period up to 5 years,
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eligible sectors include processing industry, transport, medicine, education, tourism, and others.
Strategic Importance
The program is based on legislation adopted in 2023 and Resolution No. 860 (August 11, 2021). It has already enabled the launch of several large-scale projects. With the new changes, the government expects:
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smoother customs clearance,
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faster launch of investment projects,
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stronger inflow of foreign capital into Ukraine’s economy.
