Industrial parks in Ukraine offer not only modern production and logistics sites, but also significant tax incentives for residents, which makes them an attractive choice for businesses. Government support aimed at the development of industrial parks includes various tax incentives that can significantly reduce the financial burden on companies operating in these zones.
Main tax incentives for residents of MOSTYSKA HUB Industrial Park
1. Exemption from profit tax:
Companies operating on the territory of an industrial park and granted resident status receive an exemption from profit tax. This allows the released funds to be used for business development, modernisation of equipment and expansion of production.
2. Favourable land taxation:
Companies operating in the industrial park and granted resident status are exempt from paying land tax on plots used for business activities within the park. This significantly reduces the cost of maintaining land plots and encourages active use of the territory for production needs.
3. Exemption from VAT on imported equipment:
An important benefit is the VAT exemption on the importation of equipment intended for use within the industrial park. This reduces the costs of modernisation and technical equipment of production facilities, which is especially important for high-tech enterprises.
Conditions for obtaining tax incentives
In order to receive tax benefits, residents of industrial parks must fulfil a number of conditions:
- Registration in the register of industrial parks: The company must be registered as a resident in the official register of industrial parks in Ukraine.
- Compliance with established criteria: The company must meet the criteria established by the legislation, such as the volume of investment, creation of new jobs, use of modern technologies and other parameters defined by state support programmes.
Advantages of tax incentives
Tax incentives granted to residents of industrial parks offer the following opportunities:
- Reducing the financial burden: Privileges allow to significantly reduce tax deductions, which frees up additional resources for business development.
- Attracting investment: More favourable taxation conditions make industrial parks attractive to domestic and foreign investors.
- Faster return on investment: Lower tax burden favours faster return on investment and increased profitability of projects.
In conclusion, tax incentives for residents of the MOSTYSKA HUB Industrial Park are an important element of state support aimed at stimulating economic growth and attracting investment. The use of these incentives allows resident companies to develop effectively, reducing costs and increasing the profitability of their projects. Industrial parks in Ukraine are not only a strategic place for business, but also a favourable platform for implementing large-scale investment projects.