The draft Entrepreneurship Code (the “Draft”),
developed by the Ministry of Justice, was brought up for discussion
on May 30, 2022.
The Draft consists of 8 sections, 34 chapters and 385 articles
and combines 9 existing laws, 2 draft laws and 10 legal acts
regulating the organization and termination of business.
The Draft provides:
- the division of business entities into small, medium and
large;
- the reduction of the base of organizational and legal forms of
economic entities, the abolition of the organizational and legal
form of “economic company”;
- the definition of the types of activities that individual
entrepreneurs cannot engage in. They are granted the right to carry
out any activity not prohibited by law;
