Investments in Ukraine

INVESTMENTS IN UKRAINE

I. READING

a) stress the first syllable:

conduct, claim, custom, currency, entity, investment, issue, legalize, reputable, resident;

b) stress the second syllable:

activity, confirm, confess, convertible, estate;

c) stress the third syllable:

estimation, execution, governmental,intellectual, legislation, obligation.

1. Read and translate the text:

The main Regulatory legal act regulating the issues on investment activity in the territory of Ukraine is the Law of Ukraine № 1560-XII “On investment activity”, dated August 18, 1991. Foreign investment regulations in the territory of Ukraine with consideration for its peculiarities is regulated by the Law of Ukraine № 93/96-ВР “On foreign investment regulations”, dated March 19, 1996, (herein after – “the Law”). According to the Law foreign investors are the subjects executing investment activity in the territory of Ukraine, namely:

- Legal entities founded according to other legislation rather than Ukrainian;
- Individuals – foreigners without permanent residents in the territory of Ukraine and are not incapacitated;

- Foreign states, international governmental and non-governmental organizations;
- Other foreign subjects of investment activity confessing those according to the legislation of Ukraine.

Foreign investments are values which are invested in objects of investment activity according to the legislation of Ukraine with the view of income receiving or social effect achieving.

The enterprise with foreign investments is an enterprise (organization) of any legal organizational form founded according to the legislation of Ukraine, foreign investment of which in charter fund is not less than 10%.

The enterprise gains status of the enterprise with foreign investment from the day of the foreign investment placing to its balance. Foreign investment can be conducted in forms of:

- Foreign currency which is acknowledged convertible by National Bank of Ukraine;
- Currency of Ukraine under reinvestment into the initial investing object or any other investment objects according to the legislation of Ukraine under condition of income (profits) tax payment;

- Any movable and real estate and property rights related to them;
- Shares, bonds, other securities as well as corporate rights (right to possess a fund unit in a charter fund of the legal entity founded according to the legislation of Ukraine or legislation of other countries) denominated in;

- Monetary claim and rights to claim execution of agreement obligations which are guaranteed by reputable banks and have value in convertible currency confirmed according to the laws (procedures) of the investor’s country or international customs of merchants;

- Any rights of intellectual property value of which is confirmed in convertible currency, according to the laws (procedures) of the investor’s country or international customs of merchants, and is also confirmed by expert estimation in Ukraine, including legalized copyright laws, invention rights, useful models, industrial patterns, labels for goods and services, know-how and so on;
- Rights to execution of economical activity including rights to use subsurface resources and natural resources given according to the legislation or agreements value of which is confirmed in convertible currency according to the laws (procedures) of the investor’s country or international customs of merchants;
- Other values, according to the legislation of Ukraine.

Дата добавления: 2014-12-23