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.