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FAQ of investors

Is there a list of investment projects of Crimea? Where should I contact in order to participate in investment projects in Crimea?

The full list of investment projects of Crimea is presented in the collection of investment projects and offers of the Autonomous Republic of Crimea, which is available at: http://www.minek-crimea.gov.ua/files/file/1_28.pdf.

Questions concerning practical implementation of projects should be addressed to the Agency for Regional Development of Crimea. Agency contact Information: tel. +380 (652) 248-909, e-mail: info@ard.crimea.ua; www.ard.crimea.ua.

How the rights of foreign investors are protected in Ukraine and in Crimea?

The rights and guarantees for foreign investor are stated in the Section II Articles 7-11 of the Law of Ukraine "On Foreign Investment" №93/96-ВР dated 19.03.1996:

Art. 7 - A national regime of investment and other economic activities is established for foreign investors in the territory of Ukraine.
Art. 9 - Foreign investment is not a subject for nationalization.
Art. 10 - Foreign investors have rights for compensation of damages, including lost profit and moral damage caused to them due to action, inaction or improper fulfillment by the state authorities of Ukraine or their officials of the obligations under a foreign investor or an enterprise with foreign investment, in accordance with Ukrainian legislation.
Art. 11 - In case of termination of investment activity, the foreign investor is entitled to a refund not later than six months after the termination of activities of his investment in kind form or in investment currency in the amount of actual payment (taking into account possible reduction of share capital) without payment of duties, as well as income from these investments in money or good form by fair market value at the time of termination of investment activities, unless otherwise provided by law or international treaties of Ukraine.
Art. 12 - Foreign investors after paying taxes, fees and other obligatory payments are guaranteed free and immediate transfer abroad of their profits, revenues and other funds in foreign currency obtained legally because of foreign investment.

Besides, in order for investment activity development and improving conditions for investors in the Autonomous Republic of Crimea, the Council of Ministers of the AR Crimea has developed the following draft bills:

"On the principles of development of the Autonomous Republic of Crimea and peculiarity of investment activity in its territory." The bill is pending in the Supreme Rada of Ukraine.
"On amendments to the Tax Code of Ukraine", which provides tax incentives for implementation of duly registered investment projects in the Autonomous Republic of Crimea. The document is under consideration by the Cabinet of Ministers of Ukraine.

Who is a contact person in the Ministry on implementation of investment activities in Crimea?

On investment activity in the Autonomous Republic of Crimea, please contact to Burov Alexander, tel: +38 (0652) 600-281. E-mail: inv-forum@ark.gov.ua

The Ministry provides information support to project implementation.

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26.08.2011