Denys Shmyhal: Ukraine’s advanced defense industry is a key guarantee of our security
President of Ukraine Volodymyr Zelenskyy has signed laws establishing Defence City, a special legal framework for defense companies.
The Defence City special legal framework offers several benefits for manufacturers of weapons and military equipment:
- Exemption from corporate income tax (conditional on reinvestment);
- Exemption from land and property taxes (when used for production purposes);
- Exemption from environmental tax;
- Simplified customs procedures;
- Streamlined regime for the international transfer of defense products;
- The state provides support for relocation and for implementing measures to strengthen the security of production facilities.
Defense industry manufacturers that are strategically important for the state’s defense capability and meet transparency requirements will be able to participate openly in Defence City.
“We are enhancing conditions for Ukrainian weapon manufacturers. We act quickly and motivate our manufacturers to do the same. Our weapons are our smart force,” said Defence Minister Denys Shmyhal.