The Verkhovna Rada of Ukraine adopted the Bill on Amendments to the Law

The Verkhovna Rada of Ukraine adopted the Bill on Amendments to the Law "On Economic Associations" (re Amount of an Authorized (Composite) Capital of a Limited Liability Company) as a Basis

Published on 23 June 2009, at 13:20

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Pursuant to the Bill (Reg No.3488-1), the amount of an authorized (composite) capital of a limited liability company is decreased from 100 (as envisaged by effective version of the clause) to 15 rates of a minimum wage in order to simplify foundation of such associations.

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