President of Ukraine

Bill on "investment nannies" was presented at the meeting of the National Council of Reforms

30 June 2020 - 22:07

Bill on

Deputy Head of the Office of the President Yulia Kovaliv presented a bill on investment support and stimulation at a meeting of the National Council of Reforms chaired by President of Ukraine Volodymyr Zelenskyy.

Yulia Kovaliv noted that the document was based on an idea that the President called "investment nannies". The draft law provides support to Ukrainian and foreign investors, whose investments exceed 30 million euros and who create more than 150 jobs with an average salary 15% higher than in the region where such investment will be made. These investors will have a direct agreement with the government.

"This guarantees each individual project of the investor that they have not only tax benefits. They receive a ten-year perspective and a guarantee of stability," the Deputy Head of the President's Office noted.

In addition, these investors will receive an investment manager who will accompany them from the beginning of the project to its completion. Investors will also receive up to 30% of the value of the investment with different sets of incentives. For example, these may be fiscal incentives.

"These tools will be available to both Ukrainian and foreign investors," Yulia Kovaliv said.

According to her, the bill has already been discussed with the government, relevant committees of the Verkhovna Rada and the National Investment Council. It is ready for submission to the parliament.