Mylovanov: Government developing four programs to support investors

The Cabinet of Ministers has developed four investor support programs that will be available for both foreign and Ukrainian businesses, according to Minister for Development of Economy, Trade and Agriculture Tymofiy Mylovanov.
"It is very important to understand that these conditions primarily concern Ukrainian investors. We treat both Ukrainian and foreign investors equally," Mylovanov stated during the Svoboda Slova political talk show on ICTV channel.

He has explained that the government is offering four programs that provide favorable conditions for doing business in Ukraine. Apart from the already announced Investment Nanny program for businesses that will invest $100 million or more in the Ukrainian economy and the exemption from VAT for five years for investors who will bring $10 million and more, the Cabinet is developing two more programs.

According to Mylovanov, investors who want to invest in Ukraine will be offered accelerated amortization and given the opportunity to apply to foreign courts if they do not trust Ukrainian justice.

The minister has also specified that the same conditions will be provided for businessmen that have already invested in Ukraine, but the timeframe has not yet been determined.

As earlier reported, President of Ukraine Volodymyr Zelensky, at the World Economic Forum in Davos on January 22, stated that Ukraine was preparing an Investment nanny program, under which an investor will receive a personal manager, if such an investor brings $100 million or more to Ukraine.