Incentives for investors

Ukrainian laws provide not only government guarantees for the protection of investments, but also a variety of instruments for encouraging investing activities. This includes a nationwide exemption from the value added tax and corporate tax as listed in the Tax Code of Ukraine and the exemption from import duties as listed in the Customs Code of Ukraine.

Locally, investors may be granted exemptions from the property tax, land tax, and land rent. Rates of local taxes and fees set by local authorities are presented on the website of the State Fiscal Service of Ukraine.

Investors that do business within industrial parks receive the following benefits in accordance with the Law of Ukraine On Industrial Parks: exemption from the import duty on equipment and its components, materials that are not produced in Ukraine and are imported to set up an industrial park and carry out business activities within its boundaries; exemption from investing in the development of the infrastructure of a populated area (such investment in the development of the infrastructure of a populated area involves transferring up to 10 percent of the total estimated cost of construction of the property to the relevant local budget).

On 13 February 2021 the Law of Ukraine No. 1116 “On State Support for Investment Projects with Significant Investments in Ukraine” (Law on Investment Nannies) entered into force introducing a comprehensive legislative framework aimed at attracting large investments to the economy of Ukraine. According to the Law and respective amendments to the Tax and Customs Codes of Ukraine (effective as of 28 March 2021), a package of special investment incentives will be available for investment projects meeting certain criteria.