The Minister of Economic Development, Trade and Agriculture Tymofiy Mylovanov has said that the Investment nanny operation project will be based on the investment managers of the government organization UkraineInvest.
“This will be operation project on the basis of UkraineInvest, as well as on the basis of the National Investment Council. It will be developed or shown by UkraineInvest, and then it will be approved by the council,” the minister said on the Freedom of Speech panel show aired on ICTV.
To Mylovanov, in addition to the Investment nanny and exemption from income tax for participants in the privatization of state-owned enterprises, the government offers investors accelerated depreciation as a bonus, which “will allow them to write off the value of assets and investments”, as well as international arbitration to protect their interests.
The Minister emphasized that the exemption from income tax would concern only winners of tenders for the privatization of state assets.
“Those who privatize enterprises in the amount of 10 million or above will receive a tax benefit for five years,” Mylanov said.
Mylovanov: 0,2% deflation rate recorded in Dec 2019 in Ukraine.
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