Donetsk, May 12 - DAN. Investments in Donetsk People’s Republic business ventures have to be made through Central Republican Bank accounts, says DPR Head Denis Pushilin’s Decree No 200.
Legal entities and entrepreneurs registered in the Republic can invest money to derive profit or achieve positive social, economic, environmental or other useful effect, according to the document.
Businesses are eligible for customs or tax incentives provided the released funds are placed on separate account for use as capital investment under the agreement with the Tax and Revenue Ministry.
The DPR Economic Development Ministry has been tasked with drawing the regulations on invested money, its use and return. It will also determine investment effectiveness criteria and keep the record of investment activities.
The decree came into force on May 12, 2022.*jk