The OP explained why they created an “investment babysitter”

The law guarantees support to Ukrainian and foreign investors whose investments exceed 20 million euros.

Adopted by the Verkhovna Rada on Thursday, December 17, the law on state support for investment projects will help restore investment activity in Ukraine after the 2020 crisis. This was announced in the Office of the President.

“The law on state support for investment projects with significant investments allows Ukraine to introduce competitive conditions with neighboring countries to stimulate the attraction of national and international investors,” explained Yulia Kuznetsova, deputy director of the Office of the President.

The OP hopes that this tool will be used both by Ukrainian domestic investors who want to expand production or build new projects, as well as foreign ones.

According to the law, state support can be used by investors who start projects with investments starting at 20 million euros with a project execution period of up to five years and create new jobs.

The total amount of state aid for new investment projects can reach up to 30% of its volume.

Support will be provided to companies operating in the processing industry, transportation industry, education, scientific, scientific and technical fields; health, art, culture, sports, tourism and tourist and recreational areas.

In addition, the law provides for a special organization authorized by the government that will support these investment projects, help investors from the beginning of the project and throughout its duration.

As a reminder, President Volodymyr Zelenskyy announced the “investment babysitters” law in January at the World Economic Forum in Davos.

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