Privatizations in Odessa region offered to foreign investors
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Ukraine Invest, the Ukrainian Government’s promotion agency for foreign direct investments in Ukraine, has published an official guide (see below) on the 60 projects supported by the Ministry of Economic Development and the recent law changes approved by the Ukrainian Parliament. Among them, six are located in Odessa region.
From sector of logistics infrastructure there are Ust-Dunaisk Port (privatization), Chernomorsk Port Ferry Terminal and Chernomorsk Port Container Terminal (concession), as well as Odessa Seaport Passenger Complex (public-private partnership). There is one manufacturing company destined to privatization (Odesa Port Side Plant) and another one engaged in gas exploration. The latter is the Dolphin Offshore Gas Block dedicated to 50-year tender.
According to Ukraine Invest, Ukrainian law allows both citizens and foreigners to open a business. In recent years, as more foreigners start businesses in Ukraine, the procedure for the registration of a legal entity has been simplified and now takes only a few days. However, before starting a business is advisable for a potential investor to visit Ukraine and assess all of its benefits. Such a trip may require a visa.
