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LAW OF THE REPUBLIC OF BELARUS

of December 30, 2015 No. 344-Z

About modification and amendments in the Law of the Republic of Belarus "About support of small and medium entrepreneurship"

It is accepted by the House of Representatives on December 10, 2015

Approved by Council of the Republic on December 18, 2015

Article 1. Bring in the Law of the Republic of Belarus of July 1, 2010 "About support of small and medium entrepreneurship" (The national register of legal acts of the Republic of Belarus, 2010, No. 170, 2/1703) the following changes and amendment:

1. In Article 4 part two to replace the word "crediting" with the word "financings".

2. In Article 10:

in part two:

word in paragraph three of "leasing (finance lease)" shall be replaced with words "finance lease (leasing)";

in paragraph four the word "issued" shall be replaced with words "including on the microcredits provided";

word part three in paragraph four of "leasing (finance lease)" shall be replaced with words "finance lease (leasing)";

the fourth after the word of "credits" to add part with words ", including the microcredits,".

3. In Article 11:

the fourth to state the paragraph to part two in the following edition:

"in which authorized fund the share of the Republic of Belarus, its administrative and territorial units, foreign legal entities, foreign citizens and stateless persons, public associations (except for public associations of disabled people), the unions (associations), funds, one or several legal entities who are not small business entities exceeds 49 percent (except for subjects of infrastructure of support of small and medium entrepreneurship);";

in part three:

the fourth to exclude the paragraph;

to consider paragraphs of the fifth or seventh respectively paragraphs the fourth or sixth;

to state the paragraph of the sixth in the following edition:

"this subject has losses following the results of actually worked time in the current year for date of the request for rendering the state financial support.".

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