of August 15, 2009 No. 57-IV
About the state support of small and medium entrepreneurship
1. The purposes of this Law are forming of the legal basis of the state policy directed to creating favorable conditions for development of small and medium entrepreneurship as the most important link of market economy which successful functioning promotes the economic growth and social development.
2. The main objectives of this Law are creation of the effective mechanism of the state support of subjects of small and medium entrepreneurship, favorable financial, investment, material and other conditions for stimulation of development of entrepreneurship, creation of new workplaces, increases in competitiveness of domestic producers and more complete use of their potential in social and economic development of the country.
1. The legislation of Turkmenistan on the state support of small and medium entrepreneurship is based on the Constitution of Turkmenistan and consists of this Law and other regulatory legal acts of Turkmenistan.
2. If the international treaty of Turkmenistan establishes other rules than containing in this Law, then rules of the international treaty are applied.
Operation of this Law extends to the subjects of small and medium entrepreneurship specified in part one of article 5 of this Law, except for the state companies, the companies with foreign investments, the companies performing banking, insurance activity, and also the activities connected with gamblings and games on money (gambling activities).
1. The basic principles of the state support of small and medium entrepreneurship in Turkmenistan are:
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