OREANDA-NEWS. March 25, 2011. The Government of Ukraine approved the Bill that facilitates start a business. Soon the document will be submitted to the Parliament.

The bill developed by the State Committee on Entrepreneurship simplifies opening and doing business. In particular, it allows the founders of juridical persons (except stock companies) to create authorized capital in the amount and stock that they need to start a business. Currently, the authorized capital for limited liability companies must be at least an amount equal to one minimum wage for the company - at least 1250 minimum wages.

Accordingly, the founders will not have to contribute money in the form of contributions to the share capital at the time of their state registration. The proposed changes also would save on paying bank charges when you open temporary accounts and on paying for notarization of signatures on the constituent documents of the founders and founders' decision to establish a juridical person.

In addition, the Draft law simplifying the requirements for mandatory notarization of certain documents submitted for state registration of juridical persons and termination of individual entrepreneurs.

Simplifying and streamlining procedures for creating juridical persons of different legal forms of economic incentives to entrepreneurs starting a business in difficult economic conditions and will improve Ukraine's position in the ranking of the World Bank's Doing Business by the criterion of "expanding".