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You're reading: Government proposes parliament simplify mechanism for opening bank accounts for new businesses
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According to the statement, the relevant initiative is stipulated in government bills introducing amendments to some Ukrainian laws concerning the registration of legal entities and individuals and amendments to the Tax Code of Ukraine regarding the registration of legal entities and individuals, which were registered in the Verkhovna Rada on December 29, 2011 under Nos. 9660 and 9661, respectively.

"Today, according to the law on the registration of entrepreneurs, the state registrar submits data on the registration of enterprises to statistics authorities, the tax service and the Pension Fund. But so far there are regulations that envisage, during the opening of bank accounts, the provision of certain certificates on registration… In other words, banks are obliged to request such information, which means that entrepreneurs still have to apply to three institutions, wasting their time and money," Kliuyev’s press service reported.

He also noted that both bills should implement the "single window" principle that allows entrepreneurs to submit only a certificate from the unified state register of legal entities and individuals.

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