The first project with significant investment within the framework of the “Made in Ukraine” platform received its initial evaluation.

According to Minister of Economy Yulia Svyrydenko, in April the government approved a procedure for using funds to support projects with significant investment within the framework of the Made in Ukraine program.

It can be used by investors who plan to implement a project worth €12M or more in Ukraine. Through it, they will be given incentives from the state: the opportunity to import equipment without import VAT, five years without paying income tax, the opportunity to receive compensation for up to 30% of capital investments as well as for the construction of engineering and transport infrastructure facilities and their connection to infrastructure networks.

The investor must sign a special investment agreement with the Cabinet of Ministers to receive these incentives. Ukraine Invest will provide project support, and the Ministry of Economy will administrate it. This year, ₴3B has been allocated to the budget to support projects with significant investment.