LAW OF UKRAINE

of September 18, 1991 No. 1560-XII

About investing activities

This Law determines general legal, economic and social terms of investing activities in the territory of Ukraine.

It is aimed at providing equal protection of the rights, interests and imushchestvo of subjects of investing activities irrespective of patterns of ownership, and also at effective investment of economy of Ukraine, development of the international economic cooperation and integration.

I. General provisions

Article 1. Investments

Investments are all types of the property and intellectual values put in objects entrepreneurial and other types of activity as a result of which the profit (income) is created and/or the social and ecological effect is reached.

Can be such values:

money, purpose-oriented bank deposits, shares, shares and other securities (except bills of exchange);

personal and real estate (buildings, constructions, equipment and other material values);

property rights of intellectual property;

set of the technical, technological, commercial and other knowledge which is drawn up in the form of the technical documentation, skills and know-how necessary for the organization of this or that type of production, but is not patented ("know-how");

rights to use by the earth, water, resources, buildings, constructions, equipment, and also other property rights;

other values.

The investments directed to creation (acquisition), reconstruction, technical retrofitting of fixed assets which expected useful life exceeds one year are performed in the form of capital investments.

Article 2. Investing activities

1. Investing activities is set of practical actions of citizens, legal entities and the state on realization of investments.

2. The investing activities are performed on basis:

investment which is performed by citizens, the non-state companies, economic associations, the unions and societies, and also the public and religious organizations, other legal entities based on ownership in common;

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