The special regime of investment activity on priority development territories in Zhytomyr region
Area – City Berdichev Korosten, Novograd-Volyn, and Korostens’kyi, Novograd-Volyn, Luginsky, Narodichsky, Ovruch, Olevsky, Malinsky, Emilchensky, Volodars’ko-Volyn regions
Time of creation – 30 years 01.01.2000g.
Preferential treatment

The special regime of investment activity applies to business entities that implement the investment project at an estimated cost of 200 thousand to 500 thousand U.S. dollars in priority spheres of economic activity:

* Exempt from payment of import duty for the period of implementation of investment projects, but not more than five years;
* Exempt from value added tax for the period of implementation of investment projects, but not more than five years, import operation (sending) the customs territory of Ukraine on the territory of priority development of equipment, devices and accessories;
* Exempt for three years from tax revenue (in part derived from the development of investment). Profits derived from the sale of the investment project from the fourth to sixth year inclusive, be taxed at a rate of 50% effective tax rate;
* The gross income of the company, assessed for tax purposes, does not include that in accordance with the investment pro-gramme, the amount of investment;
* Exempt from payment for land for a period of development land, but not more than five years.