Recently the President of Ukraine has adopted and signed the Law on gambling in Ukraine 2020.
The information for this article was prepared by RockInvest upon the article of Andrew Astapov, and aimed to allay fears about gambling in Ukraine, and also to underline the row of advantages underline the row of the law approval.
The basic perspective of the law implementation for Ukraine is developing of investment attractiveness of the country, as well as the growth of the infrastructure, building new real estate objects, and tourist traffic increase.
In case the new 5-stars hotel with the number of rooms over 150 in Kyiv and 100 in other cities construction, the license on casino acting is given for 10 years, and the creating of special gambling zones will promote the developing of depressed regions.
Secondly, due to taxes and pay for the license, the budget of the country will be increased.
Also, some articles of the law suppose the contribution of license payments, which will favor the direct financing of such areas as sport, medicine, and health, education, etc.
Thirdly, 50% of taxes will stay in regions, where gambling points allocated, which allows accumulating cash flows for local budgets.
Fourthly, the law protects gamblers by using the mechanisms written in it.
In conclusion, it’s worth to mention that, foremost, the law has a positive cue to foreign investors, for which the law standardizes transparently and attractive conditions to conduct of business in Ukraine.
To get more info about registration of the gambling business in Ukraine, please contact Rockinvest.
Based on Unian
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