VETIS tool for editing and transforming SBVR business vocabularies and business rules into UML & OCL models. The OMG SBVR standard is the most mature abstract representation for Business semantics; however, the complexity of SBVR metamodel prevents its broad and rapid usage in business communities. There are a few SBVR implementations yet, but the popularity of SBVR is growing as different interest-groups are finding the variety of ways for applying the SBVR standard. The goal of this paper is to present the VeTIS tool capable for editing SBVR Business Vocabularies and Business Rules and transforming them into UML class models supplemented with OCL constraints. It is integrated into MagicDraw UML CASE tool and organically combines with simple development process, which pursues defining requirements via use cases and modelling business processes via activities.