State support for investment projects has been improved.

President Volodymyr Zelenskyy signed an amendments to the law, On state support of investment projects with significant investment in Ukraine, known as the “investment nanny”.

The document introduces a new form of state support, namely partial compensation for the construction costs of adjacent infrastructure facilities. Also, an investor can now start project implementation before concluding a particular investment contract and make investments for preliminary work in the amount of 25% of the investments.

The maximum investment amount and obligations to create new jobs have been reduced. This will attract not only large but also medium-sized investors. The deadline has  been extended for finalizing documents without returning a complete package of documents after making an application.

By the end of 2021, the investment office had received $2B in applications from potential investors. Most of these projects were never implemented due to the start of the war.