Article 2. The concept of entrepreneurship and the limits of its legal regulation of the Entrepreneurial Code of the Republic of Kazakhstan

Home / RLA / Article 2. The concept of entrepreneurship and the limits of its legal regulation of the Entrepreneurial Code of the Republic of Kazakhstan

1. Entrepreneurship is an independent, proactive activity of citizens, individuals and legal entities aimed at generating net income through the use of property, production, sale of goods, performance of works, provision of services, based on the right of private ownership (private entrepreneurship) or on the right of economic management or operational management of a state enterprise (state entrepreneurship). Entrepreneurial activity is carried out on behalf of, at the risk and under the property responsibility of the entrepreneur.

2. Entrepreneurial activity may be limited exclusively by the laws of the Republic of Kazakhstan.

3. The adoption by state bodies of regulatory legal acts establishing the privileged position of individual business entities is prohibited.

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