“Made in Ukraine”: applications for this year’s business compensation are being accepted today
5 December 12:56
25% for agricultural machinery and 15% for machinery and equipment at the expense of the 2024 budget – this is the amount of compensation that can be paid to businesses under the Made in Ukraine initiative. Applications for this year’s compensation for purchased domestic machinery are being finalized today. This was reported by the Ministry of Economy of Ukraine, Komersant ukrainskyi reports.
The ministry also explained that from January 1, 2025, after the entry into force of the law on the state budget, which provides funding of UAH 1 billion per year for each program, banks will continue to accept applications for compensation.
Farmers can receive 25% compensation of the cost of Ukrainian-made agricultural machinery. The program covers 11,745 pieces of equipment from 138 Ukrainian companies. UAH 900.2 million has been allocated for the program in 2024, of which UAH 645 million has already been paid.
Entrepreneurs in all industries can count on 15% of the cost of power, construction, wheeled and special equipment made in Ukraine. The list includes almost 140 types of machinery and equipment
Compensation is available through 21 authorized banks. UAH 1 billion was allocated for the program in 2024.
How to get compensation:
– purchase the necessary equipment through one of the authorized banks,
– submit an application for compensation together with a copy of the payment document and the acceptance certificate,
– after the application is approved, the funds will be credited to your account.
To include your products in the program, you must submit an electronic application to the Ministry of Economy with information on the degree of localization of production, costing and technological operations, and the calculation of the share of labor costs. Detailed program terms and conditions and a list of required documents are available on the Ministry of Economy’s website.
