LAW OF THE REPUBLIC OF MOLDOVA

of July 20, 2006 No. 235-XVI

About the basic principles of regulation of business activity

The Parliament adopts this organic law.

Chapter I. General provisions

Article 1. Subject of the law

Subject of this law is establishment of the basic principles of regulation of business activity, and also the procedure of review of regulations according to these principles. This law does not regulate business activity in financial (bank and non-bank) the sphere.

Article 2. Law purpose

The purpose of this law is creation of the legal base favorable for the entrepreneurial circle and the investment climate promoting social and economic development.

Article 3. Regulation of business activity

In this law regulation of business activity assumes establishment of the rights, obligations, requirements and prohibitions for entrepreneurs throughout all their activities (from initiation before case liquidation), and also regulation of the relations between bodies of public management, other bodies equipped with the law functions of regulation and control and entrepreneurs.

Article 4. Basic principles of regulation of business activity

According to this law regulation of business activity is performed on the basis of the following fundamental principles:

a) predictability of regulation of business activity;

b) transparency of decision making and regulation of business activity;

c) analysis of effects of regulation;

d) put material and procedural regulation of initiation, maintaining and liquidation by means of legal acts;

e) concept of justice (proportionality) in the relations between the state and the entrepreneur.

Chapter II. Principles of regulation of business activity

Part 1. Principle of predictability

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