Russia Introduces Law for Family Entrepreneurship
This will contribute to creating conditions for the development of family business, strengthening succession, involving youth in business, and developing mentorship,
Consensus
- A bill to legally recognize 'family entrepreneurship' was introduced in the State Duma.
- The bill defines family entrepreneurship as microenterprises with up to 15 workers and revenue not exceeding 120 million rubles.
- At least half of the employees in such enterprises must be family members.
- The initiative aims to support family businesses and promote intergenerational continuity and youth involvement in entrepreneurship.
- The bill is intended to simplify the inclusion of such enterprises in the small and medium-sized enterprise (SME) category.
- The bill was developed by senators and submitted to the State Duma.
Points of divergence
- The bill requires that the enterprise be managed by one of the relatives. — vedomosti
- The bill defines family members as including children, grandparents, siblings, adopters, and adopted individuals. — vedomosti
- The bill sets the revenue limit at 120,000 rubles, not 120 million rubles. — vedomosti
- The bill aims to include such organizations in the list of social enterprises. — kommersant
- The bill is intended to create a legal basis for accurate tracking and analysis of family entrepreneurship. — kommersant
- Regional authorities will be able to provide targeted financial support and benefits to these enterprises. — kommersant
- In Moscow Oblast, social entrepreneurs can receive subsidies up to 2 million rubles, covering up to 85% of costs for rent, equipment, and staff training. — vedomosti
Coverage (2 sources)
- In the State Duma, a bill on family entrepreneurship was introduced — Коммерсантъ
- In Russia, 'family entrepreneurship' will be codified at the legislative level — Ведомости