Creation of legal conditions for limited liability companies to independently decide the frequency of profit distribution

The amendments to the Law on Limited Liability Companies specify that the Company has now the right to distribute its profits among its participants no more than once a quarter (as opposed to only annual distribution limitation) which will facilitate the payment of profit share by SME entities to their participants in a legal manner thus stimulating re-investments. The proposed regulation also encourages proper accounting and internal record keeping by SME entities.