Ukraine has simplified conditions for large investors: what is changing
The new government decree not only simplifies the conditions for investors, but also introduces a number of key changes aimed at stimulating investment activity in the country. One of these changes is the revision of the procedures for feasibility studies of investment projects, making them more accessible and understandable. Find out more about why this is an important step
The Cabinet of Ministers has adopted a new resolution to improve the mechanism of state support for large investment projects. This was announced by Prime Minister Denys Shmyhal, the Government Portal reports.
The update includes a revision of the feasibility study of investment projects and the adoption of a new approach to this process.
Real estate investment in times of war: how to survive in war-torn Ukraine and other parts of the world - read here.
What changes are expected?
The Prime Minister emphasized that a number of provisions, including the requirements for economic analysis and social assessment of projects, will be simplified and corrected, and the requirements for the financial solvency of applicants will be relaxed.
Shmyhal also noted that companies willing to invest more than €12 million and create new jobs will receive maximum support and special conditions, including tax breaks, regulatory relief and support at the project implementation level.
"This includes tax benefits, regulatory relief, and support at the project implementation level," the Prime Minister emphasized.
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Why is it important?
The main goal is to stimulate the launch of more investment projects that will create new jobs and strengthen the economy and communities.
"One of the key tasks in the economy for the current year is to increase foreign investment in Ukraine. To achieve this goal, we are working with our partners and constantly improving the conditions for investment projects," the Prime Minister emphasized.
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The simultaneous stay of visitors in the hotel lobby not more than one person per 10 square meters of serviceable area is allowed.
Persons can visit hotels and stay there (outside hotel room) only if they wear respirator or face mask (including homemade mask), so that the nose and mouth are covered.
Hotel guests are obliged to keep the 1.5 meters distance.
Online check-in making in advance is recommended to avoid queues at check-in to hotel.
Meals in hotels are provided through meals delivery service to rooms upon prior order or at hotel restaurants situated inside or in open areas, provided the distance of at least 1.5 meters between seats at adjacent tables.
Not more than 4 clients are allowed to stay at the table (excluding children under 14 years old). Unless these tables are separated by a special partition;
Self-serve is not allowed.