Senate approves the Entrepreneurship Code
More than 100 legal documents, including 9 laws, are being merged into the Entrepreneurship Code. In the Code, entrepreneurs are divided into “small”, “medium” and “large” categories, and individual entrepreneurs are given the right to perform any activity not prohibited by law.
The Entrepreneurship Code was approved at the meeting of the Oliy Majlis Senate on August 15.
Today, there are about 5,000 regulatory legal documents related to the regulation of business activities. The sheer number of documents can cause difficulties in their practical application, which causes reasonable objections from business entities.
In this regard, more than 100 legal documents, including 9 laws, are being merged into the Entrepreneurship Code.
1. Law “On guarantees of freedom of business activity”;
2. Law “On State Control of Business Entities”;
3. Law “On Agriculture”;
4. Law “On Farming”;
5. Law “On Private Enterprise”;
6. Law “On Family Business”;
7. Law “On Company Names”;
8. Law “On Investments and Investment Activities”;
9. Law “On Economic Companies”.
In the Code, business entities are divided into categories by the criteria of “small”, “medium” and “large” business. Determining the types of activities that individual entrepreneurs cannot engage in, they are given the right to perform any activity that is not prohibited by law (currently, they can engage in 88 types of activity).
In order to reduce interference in business activities, the lists of 147 control functions of 38 state bodies and 20 types of inspections to be conducted in order to notify the Business Ombudsman are approved in the appendix of the code.
All inspections not included in the list are carried out in accordance with the procedure agreed with the Business Ombudsman.
4 forms of state control are defined, of which legal action is taken against the entrepreneur only in connection with the violations detected during the data analysis and inspection.
In this:
• financial sanctions are applied by the court (excluding taxation and banking sanctions);
• in cases where a financial sanction is imposed on a business entity and an administrative liability is imposed on its official for the same type of offense, only a financial sanction is applied;
• business entities that have committed violations for the first time will not be subject to financial sanctions if they comply with the instruction to eliminate this violation, as well as compensate for the damage caused.
Also, the Code envisages the creation and publication of a register of mandatory requirements in the field of entrepreneurship, which includes all requirements, and a single register of benefits for business entities. It provides that it is forbidden to assign responsibility for requirements that are not included in the register of mandatory requirements.
The introduction of state subsidies to support entrepreneurship will be in the following order:
• the subsidy is introduced by the decision of the President of the Republic of Uzbekistan, the procedures are determined by the government;
• the main directions of subsidies are determined and they are allocated through the Unified interactive public services portal based on the “one-stop shop” principle.
Recommended
List of streets and intersections being repaired in Tashkent published
SOCIETY | 19:12 / 16.05.2024
Uzbekistan's flag flies high on Oceania's tallest volcano
SOCIETY | 17:54 / 15.05.2024
New tariffs to be introduced in Tashkent public transport
SOCIETY | 14:55 / 05.05.2023
Onix and Tracker cars withdrawn from sale
BUSINESS | 10:20 / 05.05.2023
Latest news
-
New Ambassador of Kyrgyzstan presents credentials to Uzbekistan’s FM Bakhtiyor Saidov
POLITICS | 14:55
-
Gov’t to allocate subsidies for farms producing cotton with their own funds
BUSINESS | 14:28
-
Ministry of Energy: Safe gas burn-off operations ongoing at "M25" mine
POLITICS | 13:45
-
Ministry of Higher Education denies alleged informal “taxation” on private universities
POLITICS | 13:42
Related News
16:57 / 18.01.2025
Driving schools in Surkhandarya region reopened following Senate intervention
13:21 / 20.12.2024
Maternity leave budget for the private sector to be further reduced
17:03 / 18.12.2024
Senate approves state budget for 2025
19:18 / 02.12.2024