21 April 2011, 10:40
The Law arranges equal starting conditions for the initiation of enterprises by the economic entities.
The Law allows the founders of the legal entities (apart from the joint-stock companies) to create statutory funds in the amount and composition required for the initiation of enterprise.
The Law envisages installation of payment terminals in the state registration bodies to cut down on time spent for the payment of registration fee and other charges.
The Law shortens the period of state registration of a legal entity from three to two days.
The Law also simplifies the applicable requirements for the obligatory notarial registration of particular documents submitted for the state registration of termination of a legal entity or a sole proprietor.
The draft was registered under Reg. No. 8294