Minister of Trade Revokes Obsolete Regulatory Frameworks on Integrated Business Licensing Services Within the Trade Sector

  • The Minister of Trade ("Minister") has issued Regulation No. 36 of 2022 ("Regulation 36/2022") in order to revoke the following regulations: 1) Regulation of the Minister No.  8 of 2020 on Electronically Integrated Business Licensing Services Within the Trade Sector ("Regulation 8/2020"), as amended by Regulation of the Minister No. 64 of 2020 on the Amendment to Regulation 8/2020; and 2) Regulation of the Minister No. 22 of 2020 on the Integration of Business Licensing Services Within the Trade Sector.
  • Said regulations have now been revoked due to the effective implementation of Regulation of the Government No. 5 of 2021 on the Organization of Risk-Based Business Licensing, which has now become the primary regulatory framework for the organization of the new business licensing approach introduced under Law No. 11 of 2020 on Job Creation.
  • This revocation has been deemed necessary due to the fact that the previous regulatory frameworks that address the organization of business licensing within the trade sector are now considered obsolete and may conflict with the currently applicable legal frameworks.
  • Regulation 36/2022 has been in force since 3 June 2022.
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  • The Minister of Trade ("Minister") has issued Regulation No. 36 of 2022 ("Regulation 36/2022") in order to revoke the following regulations: 1) Regulation of the Minister No.  8 of 2020 on Electronically Integrated Business Licensing Services Within the Trade Sector ("Regulation 8/2020"), as amended by Regulation of the Minister No. 64 of 2020 on the Amendment to Regulation 8/2020; and 2) Regulation of the Minister No. 22 of 2020 on the Integration of Business Licensing Services Within the Trade Sector.
  • Said regulations have now been revoked due to the effective implementation of Regulation of the Government No. 5 of 2021 on the Organization of Risk-Based Business Licensing, which has now become the primary regulatory framework for the organization of the new business licensing approach introduced under Law No. 11 of 2020 on Job Creation.
  • This revocation has been deemed necessary due to the fact that the previous regulatory frameworks that address the organization of business licensing within the trade sector are now considered obsolete and may conflict with the currently applicable legal frameworks.
  • Regulation 36/2022 has been in force since 3 June 2022.
......

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