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Zelenskyy promises foreign investors "nanny", tax holidays

He urged them to invest in Ukraine.

Zelenskyy promises foreign investors "nanny", tax holidays
Photo: The president's press service

President Volodymyr Zelenskyy has promised to introduce new incentives for investing in Ukraine.

He said this in a speech at the World Economic Forum in Davos.

"We have prepared a new programme, which will be called Investment Nanny. We will guarantee a separate contract with the state for each investor, each company that brings $100 million plus to Ukraine. It is the state that will protect you, you will have a manager (investment nanny) talking in five languages. This manager will work with you 24/7. Any question, any problem - you will get in touch with your manager and there will be no problem," he said.

Zelenskyy recalled that Ukraine intends to put up about 500 enterprises for sale. The so-called "big privatization" should begin in the spring.

"For the first two years, we will offer tax holidays to all investors who will get involved in privatization [with investments] of $10 million plus. You will not pay income tax for five years. Welcome," he said.

In his speech Zelenskyy also said that Ukraine had everything necessary for an economic leap, except for investment.

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