On 11 February 2025, the Ukrainian Parliament adopted Draft Law No. 12117 “On Amendments to Legislation on Improving the Operation of Industrial Parks” (“Draft Law”) as a basis.
The Draft Law aims to simplify setting up and operating industrial parks (“IP”), making them more competitive and attractive to investors.
In particular, the Draft Law introduces:
- the concept of an “eco-industrial park”, where all parties will cooperate to use each other’s resources efficiently, reduce waste and pollution, and promote sustainable development
- the right of an IP initiator to also act as the management company directly, eliminating the need for a separate legal entity
- the requirement for IP participants to carry out business activities exclusively within the IP
- expansion of IP participants’ activities to energy production and storage, including renewables
- removal of the IP from the Industrial Parks Register if its area is reduced to less than 10 hectares, resulting in the loss of state benefits
- setting up office premises, food outlets, hotels, dormitories, hostels, dual-purpose facilities, renewable energy facilities, and energy storage facilities within the IP territory
- access for IP initiators and management companies that lease property to the business lending programme with reduced 5-7-9% rates
- transfer of ownership rights to the IP land plots and the subsequent change of the IP initiator
These amendments will further promote the investment attractiveness of industrial parks as a tool for rebuilding Ukraine.
For more information about setting up and operating industrial parks, please contact Maksym Maksymenko, partner of the Real Estate, Infrastructure, and Energy practice.
