Business in Ukraine: Simplification and Deregulation
Channel: DragonCapitalUkraine
Date: 2011-04-12

Serhiy Tigipko, Vice Prime Minister of Ukraine, opened a panel discussion "Ukraine's Business Environment" at Dragon Capital's 7th Annual Investor Conference, held on March 31, 2011 in Kyiv, Ukraine. 


Key quotes: 
- We will cut the main profit tax for corporates from 25% down to 23% in 2011, to 21% in 2012 and to 16% in 20xx. 
- We will cut VAT from the current 20% down to 16% starting from 2014. 
- We have drafted new customs legislation.
- We need to cut the number of state regulatory organizations from 78 down to 40.
- We intend to cut significantly the time needed to open a business in Ukraine.
- We have proposed new approaches to bankruptcy, based on Georgia's positive experience.
- We have introduced legislation to simplify procedures in the construction sector. 

For more information on the conference please visit our web site: http://dragon-capital.com/en/newsroom/press-releases/464