Lawmakers greatly simplified the relationship of entrepreneurs with the state

The Verkhovna Rada of Ukraine at an extraordinary meeting on 02.03.2015 adopted the Law of Ukraine “On licensing of types of economic activity” (hereinafter – the Law). The adoption of the Law was a condition of the International Monetary Fund to provide Ukraine with financial assistance.

The law regulates public relations in the field of licensing of types of economic activity, defines an exclusive list of types of economic activity subject to licensing, establishes a unified procedure for their licensing, supervision and control in the field of licensing, responsibility for violation of legislation in the field of licensing of types of economic activity, as well as the procedure for liquidation of LLC , for the activities of which relevant permits and licenses have been obtained. Continue reading →