Turkmenistan Business legislation
For the years of independence Turkmenistan has created legal base for transition to market economy. Current normative acts have been improved in the course of developing new relationships. Market relation development is carried out in accordance with the laws regulating property relationship.
The general list of legislative acts regulating business activity and relative legal relationships in Turkmenistan is below:
The Constitution and the Civil Code.
Laws of Turkmenistan:
- Law "On the value-added tax";
- Law "On profit tax";
- Law "On tax imposed on operations with securities";
- Law "On commodity and raw material exchange of Turkmenistan";
- Law "On licensing certain types of activity";
- Law "On leasing";
- Law "On deposit";
- Law "On investment activities in Turkmenistan";
- Law "On foreign investment in Turkmenistan";
- Law "On introducing amendments into some legislative acts of Turkmenistan";
- Law "On property";
- Law "On Enterprises";
- Law "On products and services certification";
- Law "On consumer rights protection";
- Law "On protection of labor and bowels";
- Law "On accounting";
- Law "On providing land into citizens' ownership for merchandising commodity agricultural production;
- Law "On farmer unions";
- Law "On free economic areas";;
- Law "On joint-stock companies";;
- Law "On entrepreneurship activity".
Orders and decrees of the President of Turkmenistan:
- Decree "On guarantees of protection of foreign investors and capitals";
- Decree of the President of Turkmenistan "On financial recovery of farm unions" (05.05.00).
Useful links:
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