Investors that decide to operate in industrial parks can enjoy the new beneficial regime offered to the residents of industrial parks. The available support includes an exemption from customs duties on the import of the equipment, components and materials used for an investment project in an industrial park.
The president promotes state support for major investments in Ukraine and recently proposed a new law, No. 3760, “On State Support for Investment Projects with Significant Investments” (the "Draft Law"), which Parliament passed on its first reading, although it still the needs to be finalised, adopted and signed by the President.
The Draft Law states that state support can be provided to a local or foreign investor in the form of: tax benefits, such as an exemption from corporate income tax or duties on imports of new equipment into Ukraine; granting preferential rights and special land use fees for using state- and municipality-owned land for the implementation of an investment project; and providing related infrastructure facilities (roads, communication lines, heating, gas, water, electricity, etc.) necessary for the implementation of an investment project, including through construction/renovatio at the expense of the state or municipality.
The maximum amount of state support cannot exceed 30% of the overall amount of project investments.
In addition, the Draft Law provides for the appointment of a state institution to support participating investors for the duration of their investment projects. This institution will be responsible for: assisting investors that apply for participation in the state support program; helping investors design their investment projects and obtain approval for these projects from the government authorities; facilitating the implementation of approved investment projects and the fulfilment of obligations under the relevant special investment contracts. All such services will be free of charge for the investors.