Methodology of Development of Social Investment Projects for the Economy: Legal Aspects

Abstract

Purpose:  The purpose of the present academic paper is to analyze the methods, principles and mechanism of legal regulation of social investment activity and to develop priority directions for improving the legislative framework aimed at increasing the effectiveness of investment attraction and achieving social and economic efficiency   Theoretical framework:  Conditions of instability require the development of social investment projects. From a legal point of view, it is necessary to reduce the administrative burden and tax pressure in the process of implementing social investment projects. This will allow for attracting investments at the global level and effectively using them at the national level for the purpose of economic development. In order to attract investors in the long term, it is necessary to reorient the tax system towards a liberal approach and optimize investment mechanisms.   Design/methodology/approach:  To achieve the goal set, the research was conducted by applying analysis, comparison, optimization, and modeling methods.   Findings:  The primary task is the analysis of social investment opportunities and the actualization of social investment information support, as well as the support of already existing social investment projects and programs. Improving the legal framework and introducing changes taking into account the instability of the external environment are separate directions of state regulation of social investment activities.   Research, Practical & Social implications:  One of the areas identified in the academic paper is the necessity of creating a comprehensive strategic plan for the legal regulation of social investment activity.   Originality/value:  This project will make it possible to implement effective legal mechanisms for regulating social investment activities, reduce the tax burden and contribute to ensuring the country’s investment attractiveness at the international level. As a result, the goal of increasing the inflow of investments and providing effective adjustment to the unstable external environment will be achieved.