Since August 10 this year, the decision of the board of the Central Bank \"On making amendments and additions to the Regulations on non-cash transactions in the Republic of Uzbekistan\" enters into force.

According to the document, banks will accept financial documents of micro firms for settlement, even without an accountant\'s signature in the first copy (the original).

On August 9, the order of the Minister of Justice \"On Amendments to the instruction \'On the order of notarial acts by notaries\'\" came into force. Now, all business entities (business organizations, their representative offices and branches, individual entrepreneurs, private farms, carrying out activities without a legal entity) are exempt from notarization of signatures for opening bank accounts.

Changes and additions to existing legislation to abolish the notarization of signatures for opening bank accounts, as well as the mandatory presence of a signature of small business entities (micro firms) on the card, second signature (accountant) are made under the presidential decree of July 18 this year \"On measures to further improve the business environment and provide greater freedom of entrepreneurship\".

As part of this document a number of other measures are scheduled in the registration and start doing business in the country. In particular, the fee for issuing key digital signatures by the registration center under the State Tax Committee decreased from 20% to 10% of the minimum wage. In addition, the relevant authorities should provide subjects of entrepreneurship with access to the telephone network within 10 days, and permission to connect to water and sewerage networks should be issued within 2 working days from the date of application.

According to the classification adopted in Uzbekistan, small businesses are:

- Individual entrepreneurs;

- Micro with an annual average number of workers employed in manufacturing industries - not more than twenty persons; in services and other non-manufacturing industries - not more than ten people; in the wholesale, retail trade and public catering - no more than five people;

- Small enterprises with an annual average number of workers employed in industries:

- Light and food industries, metalworking and instrument, woodworking, furniture and building materials industry with no more than a hundred people hired;

- Machine building, metallurgy, energy and chemical industries, production and processing of agricultural products, construction and other industrial and manufacturing areas - no more than fifty people;

- Science and scientific services, transport, communications, services (excluding insurance companies), trade and catering and other service sector - not more than twenty-five people. (Source: UzReport.com)