For the creation of investment projects worth 12 million euros or more, the government will finance connection to the infrastruc

17 March 2024, 19:01 | Economy
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The government is launching a mechanism for state support for projects with significant investments, First Deputy Prime Minister - Minister of Economy of Ukraine Yulia Sviridenko reported on Facebook..

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“The government has adopted the last regulatory act necessary to begin accepting applications. Investment projects over 12 million euros will be able to receive a number of incentives from the state. The launch of this support mechanism is an important component of our “Growth in Ukraine” policy,” she said.

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Yulia Sviridenko gave the following example: if an entrepreneur wants to build a plant, he will be able to receive reimbursement from the state for the cost of connecting to networks and compensate for the costs of built substations, power lines, gas pipelines and other engineering and transport infrastructure facilities. The investor will also be able to compensate part of the invested funds through taxes.. The total amount of state support is up to 30% of the investment volume.



And the most pressing needs for business in the context of a potential easing of restrictions, entrepreneurs belonging to the European Business Association identified the payment of dividends to non-residents and an increase in limits on transactions using hryvnia corporate payment cards outside Ukraine.

71% of surveyed companies of the Association cite the urgent need to pay dividends to non-residents. In particular, for 43% this point is extremely important. At the same time, 47% of companies for whom this issue is relevant note that their need to pay dividends can be satisfied if a quarterly limit on such operations is established up to 500 thousand euros.




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