The Autonomous Republic of Crimea is a very challenging territory for the attracting and mastering of investments of the foreign business due to the beneficial economic and geographical position of the peninsula, natural resource availability, its health resort, industrial and scientific potential, well-developed transport infrastructure and banking system, and the easy access to the markets of Ukraine, the countries of the CIS, Europe and Asia.
The investment climate plays the decisive role in the decision-making of foreign investors. The economic openness and the creation of equal conditions in the competition with the native investors stimulate the inflow of the foreign capital.
One of the primary factors of the Crimean investment climate development is the investors’ degree of confidence to the governmental agencies, the stability and foreseeability of the economical and political situation, a clear market and structure adjustments, as well as the availability of a respective market infrastructure and developed economy.
Today a single legal terrain for the investment in the Autonomous Republic of Crimea has been already created. In particular, Ukrainian Laws On Investing Activity and On Foreign Investing Regulation guarantee equal rights of all subjects of the investing activity, independently of their forms of ownership and management, for their investing activity, unless otherwise stipulated by the Ukrainian legislative acts, the same terms and conditions under which the investing has been made, as well as the investments’ protection guarantees are also provided.
The other factor for the improving of the Autonomy’s investing climate is the creation of a stable fiscal system, which must provide a sufficient volume of incomings into budgets of all levels, the effective economic performance, and the creation of further conditions for the integration of the Autonomous Republic of Crimea and Ukraine in whole into the international economy.
The changes in taxation system, which have happened for the last years, promoted the taxation base extension, the reduction of tax suppression on taxpayers, and the further adaptation of the Ukrainian legislation to the European Union Laws, which in its turn, had a positive effect upon terms and conditions of the investing processes in the country.
This Section gives a general information about kinds and forms of foreign investments; forms of the investing cooperation with the outside capital; procedure of state registration of the foreign investments, etc.
This Section also includes the procedure of work with investors of the Autonomous Republic of Crimea and the information about the promotion in the investments’ attracting.
Supplemental information
