The procedure for granting business grants to participants in hostilities from the state

The question of attracting additional financing for the development or creation of one's own business has been relevant at all times because every person wants his business to be successful in practice.

During the introduction of martial law in the country, it became more and more urgent, because citizens were forced to maintain not only the military front for the protection of their Motherland but also the economic front, ensuring the creation of new jobs and filling the state budget with taxes.

This also applies primarily to combatants who plan to return to civilian life and start their own businesses.

Therefore, in this informative article, we will talk about the procedure for providing business grants to participants in hostilities from the state.

Who can become a potential participant in the grant program?

The terms of the grant program provide that participants in hostilities, persons disabled as a result of the war, as well as their official spouses have the right to participate in it.

In addition, funds under the grant program can be received only by a sole proprietorship or an individual who plans to open his own business in the future.

Citizens who cannot participate in the grant program on a competitive basis.

• permanently stay and conduct any type of business activity in the temporarily occupied territories, in the Russian Federation or the Republic of Belarus;
• are under international or state (Ukrainian) sanctions;
• are declared bankrupt or have open proceedings by the Code of Ukraine on Bankruptcy Procedures;
• registered as insurance companies, credit institutions, investment funds, securities market participants, as well as pawnshops;
• the main activity of which is the sale and exchange of currencies, the production or manufacture of weapons, alcoholic beverages, products consisting of tobacco;
• were brought to criminal responsibility for committing a corruption crime, which is provided for by articles of the Criminal Code;
• owe any tax payments to the state.

What amount of assistance can be received under the grant program from the state?

Under this grant program, you can receive the following funds, namely:

• Up to 250 thousand hryvnias - at the same time, the grant recipient is obliged to create at least 1 workplace. The application can be submitted both by a participant in hostilities and by members of his family;
• Up to 500 thousand hryvnias - at the same time, the grantee is obliged to create at least 2 jobs. The application can be submitted both by a participant in hostilities and by members of his family;
• Up to 1 million hryvnias - at the same time, the grantee is obliged to create at least 4 jobs. The program covers only 70% of the project cost, the other 30% must be financed by the grantee. The application can be submitted by a participant in hostilities who has been registered as a military personnel for at least 3 years.

If you still have questions about receiving grant assistance business to participants in hostilities, in this case, you should contact lawyers from the Prikhodko and Partners law firm.

We understand the complexity and importance of this issue for the company's clients, and therefore we are always ready to provide only appropriate legal support at all stages of obtaining grant assistance under both state and international programs. So don't delay and come to us for a consultation!