The requirement for investment projects will be reduced to €12M.

The Parliament adopted three main changes for the state support of investment projects in Ukraine.

In particular, the changes are to reduce the minimum size for investments to €12M and the number of new jobs created from 80 to 50 during the investment project’s implementation period.

In addition, the investor has the opportunity to start the implementation of the project 12 months before the conclusion of the special investment agreement and to make investments for pre-project works. In this case, the investor can contribute no more than 25% of the total investments.

The document also provides the opportunity to finalize the documents submitted by the applicant within 15 days and conduct negotiations on the terms of the special investment agreement for up to two months. In addition, the areas in which the investment project can be implemented have also been expanded.