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.