On June 27, the Law No. 3668-IX "On International Territorial Cooperation of Ukraine" came into force.

02/07/2024

Key innovations of the adopted Law:

  • Definition of types of international territorial cooperation with the corresponding reflection of basic terms:
    • Interterritorial cooperation;
    • Cross-border cooperation;
    • Transnational cooperation;
  • Updating approaches to providing state support to subjects and participants of international territorial cooperation;
  • Improving procedures for agreeing on projects of international territorial cooperation agreements and the powers of the central executive body responsible for this state policy area;
  • Strengthening the role of the Interdepartmental Coordination Commission on Regional Development Issues;
  • Expanding the powers of local self-government bodies in the field of interterritorial cooperation;
  • Assigning several issues of implementing state regional policy and developing international territorial cooperation to the jurisdiction of local state administrations, with the possibility of concluding cooperation agreements with foreign partners;
  • Ensuring the possibility of participation in international territorial cooperation for territorial communities where military administrations of settlements are established;
  • Defining a clear algorithm of actions for local self-government participation in international territorial cooperation.
About SCHNEIDER GROUP

Since 2006 SCHNEIDER GROUP has been supporting international companies expanding to Ukraine. Our portfolio includes a full scope of services: from market analysis and partner search to complete accounting outsourcing, legal and tax consulting, and interim management services. We take over all non-core business functions so that our clients can focus on developing their business. We help our clients establishing subsidiaries in Ukraine compliant with local legislative requirements and transparent for international management. Our experts offer advice on best practices to optimise processes, reduce risks and minimise costs.

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