On June 13, the law on amending certain laws of Ukraine about registering legal entities and physical entities – entrepreneurs was signed, the head of the State Service of Ukraine for Regulatory Policy and Entrepreneurship Development Mykhailo Brodsky told a briefing, ForUm correspondent reports.

The official said that the law provides for simplification of state registration of entrepreneurs on the single window principle.

"Our Service was one of the first initiators of this approach since the registration procedure is a traditional headache for businesses. A single window principle also means that in the process of conducting state registration of entrepreneur, the authorized body shall give an extract from the Unified register of legal entities and individual entrepreneurs, providing details of recognition in the Statistics Service, the Tax and Pension Fund. The extract shall be given on the next working day and free of charge When an entrepreneur open a bank account he just need to show such an extract," Brodsky said. The law shall enter into force six months after its publication.

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