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Legislative framework

The Law of Ukraine "On Industrial Parks" dated 21.06.2012 No. 5018-VI entered into force on September 4, 2012. The legislative act is a key element of Ukraine's investment reform, which is called for radical increase its investment attractiveness. The law defines the legal and organizational foundations for the establishment and operation of industrial parks in Ukraine in order to ensure economic development and increase the competitiveness of the territories, intensify investment activity, create new workplaces, develop modern production and market infrastructure. The law guarantees and protects investors' rights.

In order to provide state support to the functioning of industrial parks, a Register of Industrial Parks has been established in Ukraine. The following forms of state support are provided to industrial parks included to the Register:

1) provision of the necessary facilities on site of industrial parks may be carried out at the expense of the state and local budgets;

2) no initiators of establishment, managing companies and participants of the industrial park included in the Register shall be involved into the development of the infrastructure of settlements (up to 10% of the cost of the construction project)

3) machinery, equipment and accessories to them, materials not produced in Ukraine that are not excisable goods and are imported by initiators of creation, managing companies for the construction of industrial parks, as well as participants for economic activities within them, are exempt from taxation

The procedure for the inclusion of industrial parks to the Register of Industrial Parks was approved by the Resolution of the Cabinet of Ministers of Ukraine dated January 16, 2016. No. 216 "On the Procedure for the Inclusion of Industrial Parks in the Register of Industrial Parks".

The procedure for approval of the list of machinery, equipment and accessories to them, materials exempt from taxation by the duty, is determined by the Decree of the Cabinet of Ministers of Ukraine dated June 19, 2013. No. 558 "On the Procedure for Approval of Lists of Machinery, Equipment and Accessories, Materials not Made in Ukraine that are not Excisable Goods, and are Imported into the Customs Territory of Ukraine by Initiators of the Establishment of Industrial Parks - Economic Entities, Managing Companies of Such Parks for Provision of the Necessary Facilities on Site and by Participants in Industrial Parks for Conducting Economic Activities within the Said Parks and that are Exempted from Taxation of Duty. "

The Ministry of Economic Development and Trade of Ukraine has been designated as the main central executive body responsible for the network development and the promotion of the functioning of industrial parks in Ukraine.

Decree of the Cabinet of Ministers of Ukraine No. 558 dated June 19, 2013

Decree of the Cabinet of Ministers of Ukraine No. 216 dated January 16, 2013