In accordance with Article 7 of the Law of Turkmenistan on Entrepreneurship, an entrepreneur is obliged to:
- pay wages to wage earners not lower than the minimum established by the state;
- carry out state pension insurance of employees in the manner prescribed by the legislation of Turkmenistan;
- fully pay all hired employees, regardless of the financial condition of the enterprise;
- carry out measures to ensure environmental safety, labor protection, safety, industrial hygiene and sanitation, guided by the current regulations and standards;
- observe the rights and legitimate interests of consumers, ensure the proper quality of the goods (works, services) produced;
- obtain licenses for certain types of activities for which a license is required on the territory of Turkmenistan;
- timely submit the necessary information to the state statistical bodies and the tax authority in the prescribed manner;
- declare bankruptcy of the enterprise in case of impossibility to fulfill obligations to creditors.
Source: Law of Turkmenistan on Entrepreneurship
