LAW OF UKRAINE

of October 10, 2013 No. 639-VII

About features of implementation of investing activities in the territory of the Autonomous Republic of Crimea

Section I General provisions

Article 1. Purpose of this Law

1. The purpose of this Law is creating favorable conditions for the complex and balanced development of the Autonomous Republic of Crimea by ensuring effective use of resource potential, investment attraction and optimum implementation of investing activities.

This Law determines features of implementation of investing activities in the territory of the Autonomous Republic of Crimea as integral part of Ukraine.

Article 2. Coverage of this Law

1. Operation of this Law extends to the public relations connected with implementation of investing activities in the territory of the Autonomous Republic of Crimea.

Article 3. Features of implementation of investing activities in the territory of the Autonomous Republic of Crimea

1. Features of implementation of investing activities in the territory of the Autonomous Republic of Crimea are:

1) stimulation of economic and social development of the Autonomous Republic of Crimea;

2) investment attraction to priority spheres of development of the Autonomous Republic of Crimea, namely in development of tourist industry, recreational potential, stimulation of recreational activities and ensuring effective use of recreational resources, expansion of scope of work due to creation of new workplaces;

3) creation of the favorable investment climate for ensuring realization of natural and economic capacity of the Autonomous Republic of Crimea;

4) implementation of energy saving and environmentally acceptable production technologies.

Article 4. The principles of implementation of investing activities in the territory of the Autonomous Republic of Crimea

1. The investing activities in the territory of the Autonomous Republic of Crimea are performed on the principles:

1) protection of the rights and interests of investors;

2) non-interference of public authorities, executive bodies of the Autonomous Republic of Crimea, local government bodies and their officials to investing activities, except cases when such intervention is allowed by the legislation and is performed within competence of such bodies and officials;

3) voluntariness of implementation of investments;

4) equality of investors;

5) liberties of choice of the sphere of implementation of investing activities;

6) availability of information necessary for implementation of investing activities;

7) economic justification of investment projects;

8) target use of investments according to registered in accordance with the established procedure by the investment project and terms of the contract about its realization;

9) priority of implementation of the investment projects ensuring ecological safety, the high employment level of the population, etc.;

10) coordination of interests of investors and tasks on ensuring development of the Autonomous Republic of Crimea.

Article 5. Selection and registration of the investment projects realized in the territory of the Autonomous Republic of Crimea

1. Registration of investment projects is performed on a voluntary basis on representation of the investor or subject of the managing realizing such project.

2. The Council of Ministers of the Autonomous Republic of Crimea performs:

1) selection of investment projects for their realization in the territory of the Autonomous Republic of Crimea;

2) by results of selection according to the procedure, to the Cabinet of Ministers of Ukraine of offers on the rendering the state support to the subjects of investing activities realizing investment projects in the territory of the Autonomous Republic of Crimea according to this Law established by the Cabinet of Ministers of Ukraine, introduction;

3) registration of investment projects for which implementation support by budget funds of the Autonomous Republic of Crimea according to the procedure can be given, established by the Verkhovna Rada of the Autonomous Republic of Crimea;

4) creating favorable conditions for investors and implementation of investment projects.

3. The investment project is registered on condition of respect for set of the following requirements:

1) the project is implemented in the territory of the Autonomous Republic of Crimea;

2) the subject of managing which realizes such project is registered in the territory of the Autonomous Republic of Crimea;

3) the project is implemented on the basis of the latest energy-saving or environmentally acceptable technologies;

4) the project provides upgrade acting or creation of new production;

5) the project is directed to preserving and/or creation of new workplaces;

6) the project provides preserving quantity of the declared workplaces at the level of the industry average indicators during the term of its realization.

4. For registration of the investment project by the subject of investing activities the documents determined by Article 12 part two - 2 Laws of Ukraine "About investing activities" are filed to Council of Ministers of the Autonomous Republic of Crimea .

The term of consideration of the documents submitted for registration of the investment project cannot exceed one month from the date of their receipt.

5. The investment project is recognized by the subject registered from the moment of receipt of managing which realizes such project, statements from the register.

6. In case of registration of the investment project the body which performed registration of the investment project surely reports about it in the central executive body providing forming and realizing tax and customs policy.

7. The state support of investing activities in the territory of the Autonomous Republic of Crimea is performed according to the procedure and on the conditions determined by the legislation.

8. Sales terms of the registered investment project are determined by the agreement on sales terms of the investment project in the territory of the Autonomous Republic of Crimea which consists according to the procedure, approved by Council of Ministers of the Autonomous Republic of Crimea.

The agreement on sales terms of the investment project in the territory of the Autonomous Republic of Crimea can be multilateral. In that case the corresponding local executive body and/or local government body within which administrative territory the investment project is implemented can be agreement parties, except the subjects of managing realizing the investment project.

Article 6. Cancellation of registration of the investment project

1. By results of carrying out monitoring and control of realization in the territory of the Autonomous Republic of Crimea the investment projects registered in accordance with the established procedure the body which performed registration of the investment project can make the decision on cancellation of registration of the investment project.

2. The basis for cancellation of registration of the investment project is:

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