Parliament simplifies family farm registration

16:22, 31.03.2016 1 min read

The Verkhovna Rada of Ukraine has adopted the law on amendments to some laws of Ukraine on the promotion, creation and operation of family farms.

Some 262 deputies voted for relevant draft law No. 1599.

The document provides a simplified procedure for the transformation of personal peasant farms into family farms, simplifies registration and organization of their business activities, as well as the procedures for obtaining permits.

The document foresees amendments and additions to the law on farms and personal peasant farms in order to create legal, economic and social preconditions for the transformation of personal peasant farms into family farms, obviating the need to receive the status of legal entity or individual entrepreneur. The measure ensures the full participation family farms in the agricultural market and strengthens the social protection of members of such farms, stimulating the creation on their basis of a viable system of agricultural service cooperatives and the integrated development of small farms in rural areas.