LAW OF UKRAINE

of March 31, 2016 No. 1067-VIII

About introduction of amendments to the Law of Ukraine "About farm" on stimulation of creation and activities of family farms

The Verkhovna Rada of Ukraine decides:

I. Introduce in the Law of Ukraine "About farm" (Sheets of the Verkhovna Rada of Ukraine, 2003, No. 45, Art. 363 with subsequent changes) the following changes:

1. In Article 1:

Part one to state 1) in the following edition:

"1. The farm is form of business activity of the citizens who showed willingness to make commodity agricultural products, to enable its conversion and the realization for the purpose of profit earning on the parcels of land provided to them in property and/or use including in lease, for maintaining farm, commodity agricultural production, personal peasant economy, according to the law";

2) the first offer of part four to replace with two offers of the following content:

"4. The farm is subject to state registration as the legal entity or physical person entrepreneur. The farm registered as the legal entity acts on the basis of the Charter";

To add 3) with part five of the following content:

"5. The farm registered as the legal entity has the status of family farm provided that in its business activity work of members of such economy which members of one family according to article 3 of the Family code of Ukraine are only is used.

The farm without the status of the legal entity will be organized on the basis of activities of physical person entrepreneur and has the status of family farm, on condition of use of work of members of such economy which exclusively physical person entrepreneur and members of his family according to article 3 of the Family code of Ukraine are. Features of creation and activities of family farm without acquisition of the status of the legal entity are regulated by provisions of article 8-1 of this Law.

The member of the corresponding family can only be the chairman of family farm.

Involvement of other citizens by family farm according to article 27 of this Law can be performed only for accomplishment of seasonal and separate works which are directly connected with activities of economy and require special knowledge or skills".

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