Four BRDO draft laws to simplify conditions for doing business registered in Verkhovna Rada

The Verkhovna Rada of Ukraine registered four draft laws developed by the Better Regulation Delivery Office (BRDO) together with a group of people’s deputies of Ukraine and designed to strengthen Ukraine’s positions in the Word Bank’s Doing Business 2017 rating of ease of doing business. 

This is the draft law #4187 (on improvement of state regulation of construction process), #4188 (on introduction of trust law as a way to ensure the performance of obligations), #4194 (on the use of seals by entities and individual entrepreneurs) and #4195 (on simplification of newly established entity registration for single tax payers and payers of value added tax developed together with the Easy Business organization).

According to experts, the adoption of these documents will allow to take 7 of 43 steps of the Boing Business 2017 Roadmap created by BRDO experts jointly with the Ministry of Economic Development and Trade of Ukraine and approved by the Government in December 2015.

Proposed draft laws harmonize requirements for architectural entities with EU directives and organize regulation of certain categories of construction projects; improve the credit access legislation; simplify the rules for using seals in economic activities of business entities; simplify and make the business entity registration more transparent for VAT payers and make it easier to choose the simplified taxation system.

The World Bank Doing Business rating is the result of annual reviews that estimate the ease of doing business based on 10 indicators in 189 countries. The rating components assess regulations controlling the activities of SMEs during the whole lifecycle and their actual use in practice.

The source: “Economichna Pravda