This legislative guide is prepared by UNCITRAL to promote an
enabling legal environment for micro, small and medium-sized
enterprises (MSMEs). The guide is based on the premise that it is
in the interests of States and of MSMEs that such businesses
operate in the formal economy. This guide also reflects the idea
that entrepreneurs that have not yet commenced a business may be
persuaded to do so in the formal economy if the requirements for
formally starting their business are not considered overly
burdensome, and if the advantages for doing so outweigh their
interest in operating in the informal economy. The guide includes
best practices from various parts of the world and 58
recommendations aiming at assisting States in streamlining their
business registration procedures.
General
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