International investment is a safeguard. The Ministry of Digital Development stated that the conditions of action of the City will remain unchanged for any composition of the Verkhovna Rada.
International business investments in Ukrainian IT products guarantee the stability of the city's operating conditions for 25 years, according to the Ministry of digital transformation's response to questions from the DOU community.
"The more investments and international companies enter Ukraine, the lower the risk of changing the legislation, since foreign companies can apply to international arbitration against the state of Ukraine. In this case, even if the political leadership changes, it will be more difficult to decide to cancel the conditions for a large number of technology businesses."
That is why, according to representatives of the Ministry of digital development, they created "special favorable tax conditions, legal instruments and additional incentives for investors." In particular we are talking about:
exemption from taxation of dividends, if they are paid no more than once every two years;personal income tax discount for individuals who have purchased a stake in a startup company that is a resident of Diya City.In addition, the ministry says, the basic law allows residents to create an association that will defend their interests, including on the issue of stability of space conditions.
Currently, there are more than 340 residents in action City, including global high-tech companies: Samsung, Lyft, HealthJoy, Aventus IT, DataRobot, Govitall, Archivizer, Netcracker, Luxoft, Snap Inc., GameLoft, EPAM Systems.
Earlier, in an interview with DOU, Deputy Minister of digital transformation Alexander Bornyakov spoke about the scaling of Action City, "dubious" residents, the potential of Ukrainian it and military tech.