LEGAL REGULATION OF INVESTMENT ACTIVITY IN FOREIGN COUNTRIES
DOI:
https://doi.org/10.15407/econlaw.2019.02.056Keywords:
legal regulation, investment activities, investment legislation, investment attractiveness, single special legislation, complex of regulatory acts, foreign countriesAbstract
The article states that the basis of legal regulation of investment activity is the legislative base of the country, which is regulated by state and regional authorities and affects investment attractiveness. The level of investment attractiveness of the country will depend on how effective the legislative system works. The authors of the article investigate the experience of legal regulation of investment activity in some foreign countries. The distribution of the studied countries is done on the same, which have a special single legal act regulating investment activity, namely: Poland, Hungary, Czech Republic, and those in which investment activity is regulated by a complex of normative legal acts, that is, the only special legislative act in such countries is non-available. These countries include Britain, Germany, France, Brazil. Summarizing the analyzed experience of foreign countries, the authors came to the conclusion that the legal regulation of investment activity affects the level of investment attractiveness of another country. For the legislation of Ukraine useful experience of Poland, the Czech Republic, Hungary, Brazil can become useful regarding the provision of foreign investments to the national regime, without limiting their activities. Also, it makes sense to borrow the experience of Germany and Hungary to grant special privileges and preferences to foreign investors, investing in depressed regions, that is, regions lagging behind their economic development.
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