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LAW OF UKRAINE

of March 22, 2012 No. 4618-VI

About development and the state support of small and medium business in Ukraine

(as amended on 04-12-2020)

This Law determines the legal and economic principles of state policy in the sphere of support and development of small and medium business.

Section I General provisions

Article 1. Subjects of small and medium business

1. Terms "small business entities" and "subjects of medium business" are used in this Law in the value given in the Economic code of Ukraine taking into account that for the purpose of this Law the term "subjects malokgo entrepreneurships" covers subjects of microentrepreneurship.

Article 2. The legislation in the sphere of development of small and medium business in Ukraine

1. The relations connected with development of small and medium business in Ukraine are based on the Constitution of Ukraine and are regulated Economic, Civil and Tax by codes of Ukraine, this Law and other legal acts, and also international treaties of Ukraine which consent to be bound is provided by the Verkhovna Rada of Ukraine.

2. If the international treaty which consent to be bound is provided by the Verkhovna Rada of Ukraine determines other rules, than those which are provided by this Law are applied rules of the international treaty.

The Section ІI State policy in the sphere of development of small and medium business in Ukraine

Article 3. The purpose and the principles of state policy in the sphere of development of small and medium business in Ukraine

1. The purpose of state policy in the sphere of development of small and medium business in Ukraine is:

1) creating favorable conditions for development of small and medium business;

2) ensuring development of subjects of small and medium business for the purpose of forming of competitive environment and increase in level of their competitiveness;

3) stimulation of investment and innovative activity of subjects of small and medium business;

4) assistance to implementation by subjects of small and medium business of activities concerning promotion of the goods (works, services) made by them, results of intellectual activities on the internal and external markets;

5) employment of the population by support of entrepreneurial initiative of citizens.

2. The principles of state policy in the sphere of development of small and medium business in Ukraine are:

1) efficiency of support of small and medium business;

2) availability of receipt of the state support by subjects of small and medium business;

3) ensuring participation of representatives of subjects of small and medium business, the public organizations representing the interests of subjects of small and medium business in forming and realization of state policy in the specified sphere;

4) creation of equal opportunities for access for the subjects of small and medium business meeting the requirements provided by nation-wide, regional and local development programs of small and medium business to participation performed by such programs and for receipt of the state support;

5) efficiency of use of the budgetary funds provided for accomplishment of the specified programs;

6) openness and transparency of holding procedures of provision of the state support;

7) availability of infrastructure facilities of support of small and medium business to all subjects of small and medium business.

Article 4. The main directions of state policy in the sphere of development of small and medium business in Ukraine

1. The main directions of state policy in the sphere of development of small and medium business in Ukraine are:

1) enhancement and simplification of procedure for accounting for the purpose of the taxation;

2) implementation of simplified taxation system, accounting and the reporting for small business entities which correspond to the criteria established in the tax legislation;

3) involvement of small business entities to accomplishment of nauchnotekhnichesky and social and economic programs, implementation of delivery of products (works, services) for the state and regional requirements;

4) ensuring financial state support of small and medium scale enterprises by implementation of state programs of crediting, provision of guarantees for receipt of the credits, partial compensation of loan interest rates and so forth;

5) assistance to development of infrastructure of support of small and medium business;

6) guaranteeing the rights of subjects of small and medium business during implementation of the state supervision (control) in the sphere of economic activity;

7) assistance to simplification of allowing procedures and procedures of implementation of the state supervision (control), receipt of documents of allowing nature for subjects of small and medium business and reducing term of holding such procedures;

8) the organization of preparation, retraining and advanced training of personnel for subjects of small and medium business;

9) implementation of mechanisms of assistance and stimulation to use in production by subjects of small and medium business of the latest technologies, and also the technologies providing improvement of quality of goods (works, services).

The Section ІІІ Organa, providing development of small and medium business in Ukraine, and their powers

Article 5. The bodies providing development of small and medium business

1. Development of small and medium business is provided within the powers by the Verkhovna Rada of Ukraine, the Cabinet of Ministers of Ukraine, specially authorized body in the sphere of development of small and medium business, other central executive bodies, the Verkhovna Rada of the Autonomous Republic of Crimea and Council of Ministers of the Autonomous Republic of Crimea, local public administrations, local government bodies.

2. Specially authorized body in the sphere of development of small and medium business is the central executive body providing realization of state policy in the sphere of development of entrepreneurship.

Article 6. Powers of the Cabinet of Ministers of Ukraine in the sphere of development of small and medium business

1. The Cabinet of Ministers of Ukraine provides forming and realization of state policy in the sphere of development of entrepreneurship, development and accomplishment of nation-wide development programs of small and medium business, taking into account nation-wide priorities, performs actions for development of infrastructure of support of small and medium business, directs, coordinates and controls activities of the executive bodies providing provision of the state support.

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