Social Enterprise Law.
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
The purpose of the Law is to facilitate improvement in the quality of life of the society and to foster employment of population groups at risk of social exclusion, creating an economic activity environment favourable to social enterprises. Social enterprise is a limited liability company which in accordance with the procedures laid down in this Law has been granted the status of a social enterprise and which performs the economic activity that creates a positive and important social impact by employing the target groups or improving life quality of groups in society the life of which is affected by fundamental societal challenges, or carrying out any other activities of relevance to society that create a lasting positive social impact (for example, formation of an inclusive civil society, support for science, environment protection and conservation, protection of animals, or ensuring of cultural diversity). In order to assess the conformity of the applicant with the status of a social enterprise or the activity of a registered social enterprise, the Ministry of Welfare shall establish the Commission for Social Enterprises and shall ensure its activity. Information on a social enterprise shall be recorded electronically in the Register of Social Enterprises. The latest (current) data shall be included in the Register, concurrently saving the previously registered (historical) data.
Attached files
Web site
Entry into force notes
This Law enters into force on 1 April 2018.
Repealed
No
Source language
English
Legislation Amendment
No
Original title
Sociālā uzņēmuma likums.