The bill "On amending the laws on entrepreneurship" will require amending 23 codes and 450 laws in Belarus. This was stated by deputy head of the Department of Business Affairs of the Ministry of Economy Irina Babachenok, BelTA informs.
"The assumptions outlined in the law will entail the revision of the whole legislation. We will have to revise 23 codes, 450 laws, exactly the same number of decrees, as well as government regulations and departmental documents," she said.
The main purpose of the bill is to transform the business of citizens and to create the most competitive conditions for the organization of economic activity for all citizens, regardless of the legal form they choose, said Irina Babachenok.
According to her, department and parliamentarians look forward to an open and lively dialogue with the business community to analyze the rules laid down in the basis of the document. Together we will see where there may be some white spots, and what needs to be specified more clearly.
"In addition to changing the very configuration, the hierarchy of entrepreneurial activity, the bill provides for a really unique mode of transformation of the individual entrepreneur into the status of a commercial organization. That is a kind of reorganization of a business entity. This process is currently impossible. And if a business entity that initially decided to start operating as an individual entrepreneur, over time gathers momentum and realizes that three employees are no longer enough for it, it has one option - to completely stop its activities as an individual entrepreneur and actually start living again in the status of a legal entity. We understand that any business initiative always means certain developments, connections, counteragent agreements, a lot of different permits, certificates, real estate and rights to it. Here we have a gap which is not very convenient for scaling up business entities. Our main goal is to develop private sector of economy and provide it with such an opportunity", - said Irina Babachenok.
The deputy head of the department added that the small and medium business sector is one of the important segments of the country's economy. "Today SME forms almost a third part of our economy, so the state is always aimed at the development of this segment, providing the most favorable conditions for the development of private initiative, scaling private business, providing opportunities for the emergence of any new technologies. And this bill is one part of such a global process."













