Launch of Defence City
Defence City has officially launched, providing a new special legal regime for the development of defense production in Ukraine. The first resident of this project is a company specializing in the production of drones 'Vampire' and 'Shrike', as well as interceptors of 'shaheds'. This step aims to create favorable conditions for scaling defense technologies in the country.
Ukrainian Defense Minister Denys Shmyhal emphasized the importance of this project, stating that
“Defence City is a systematic state policy to create favorable conditions for scaling defense production.”He also urged Ukrainian manufacturers to join the initiative, which can significantly impact the development of the national defense industry.
Benefits for Residents
Residents of the new legal regime receive a number of benefits that will contribute to their development. In particular, companies can expect:
- exemption from profit tax provided that funds are reinvested in development;
- exemption from land, property, and environmental taxes;
- simplified customs procedures;
- special guarantees for information protection and confidentiality of enterprise data;
- state support for relocation and increased security of production facilities if necessary.
Thus, the launch of Defence City opens new opportunities for the Ukrainian defense sector, promoting the development of innovative technologies and productions in this important field.
The launch of Defence City is an important step in strengthening Ukraine's defense capability amid current security challenges. The creation of a special legal regime that supports local producers can stimulate investments in the defense industry and provide the country with modern technologies. This also reflects the state's commitment to developing national production in times of war and increasing independence in defense.