In accordance with paragraph 1 of Article 43 of the entrepreneurs are entitled without restriction alone engage in any business activity that is not prohibited law. Paragraph 2 of Article 43 states that the characteristics of certain types of business established by legislative acts. In paragraph 3 of Article 43 states that the list of economic activities subject to licensing, and a list of activities entrepreneurship where prohibited by law established exclusively. According to paragraph 4 of Article 43 of business prohibited to state and local governments. [2] Business activities of officials of the state authorities and local self-government is restricted by law in cases provided for by Article 64 of the Constitution of Ukraine [1]. Article 44 of the Code defines the basic principles of business activity, namely, entrepreneurship is based on: