The term of providing the state service in registration of legal entities and individual entrepreneurs is planned to reduce from five to three days

On March 16, 2015 at a meeting of the Russian Government Commission on Lawmaking the draft of the federal law "About modification of the Federal law "About the state registration of legal entities and individual entrepreneurs" was considered and approved (further – the bill). The bill provides reduction of term of providing the state service in registration of legal entities and individual entrepreneurs from five to three days.

The bill is urged to promote creation of the favorable environment for opening of business and attraction of foreign investments. So, in the countries – leaders of an annual rating of the World bank "Vedeniye Businessa" (New Zealand, Australia, Singapore) reflecting investment appeal of this or that country, time of registration of the enterprises makes no more than three days.

Adoption of the specified bill will reduce not only terms, but also will simplify procedures of the state registration at creation of the legal entity and obtaining the status of the individual entrepreneur by the natural person. 

No. 707-r the bill is submitted by the order of the Government of the Russian Federation of April 21, 2015 for consideration in the State Duma of Federal Assembly of Russia.