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Arbitrage | Арбитраж | Arbitraj

Arbitrage in Azerbaijan. New law accepted!

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Arbitrage in Azerbaijan. New law accepted! On January 25, 2024, President of Azerbaijan Ilham Aliyev signed a new Law “On Arbitration”. The law regulates social relations arising in connection with the implementation of arbitration proceedings, determines the rules for the organization, functioning, conduction of arbitration proceedings, recognition and execution of arbitration awards in Azerbaijan. The […]

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Payment systems and terminals in Azerbaijan. New law accepted!

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Payment systems and terminals in Azerbaijan. New law accepted!    Milli Majlis of Azerbaijan adopted and the President of Azerbaijan signed a new law “On payment services and payment systems” on July 17, 2023.   The long-awaited new law brings clarity and defines a number of concepts such as “payment systems”, “electronic money”, “payment terminal”, etc.

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Azerbaijan is now visa-free for UAE citizens!

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Azerbaijan is now visa-free for UAE citizens!    On May 19, 2023, President of Azerbaijan Ilham Aliyev signed an Decree on amending the Memorandum of Understanding between the Government of the Republic of Azerbaijan and the Government of the United Arab Emirates “On exemption from entry visas for persons holding diplomatic and special/service passports”.   According to the

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Migration Service of Azerbaijan | Миграционная Служба Азербайджана

Azerbaijan changes Migration rules (new amendments to Migration Code accepted)

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Azerbaijan changes Migration rules. New amendments to Migration code accepted    On May 16, 2023, President of Azerbaijan Ilham Aliyev signed new amendments to the Migration Code of Azerbaijan. New amendments change the rules for obtaining of Temporary Residence Permit (TRP) and Permanent Residence (PRP) in Azerbaijan.   New Amendments to Migration Code are the following: 

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Media subjects are exempt from some taxes

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Media subjects are exempt from some taxes    Income of media entities (individuals (except for journalists) or legal entities engaged in publishing and/or dissemination of mass information) from their activities, including advertising revenue, as well as financial assistance provided to them by the Media Development Agency of the Republic of Azerbaijan, exempted from income and

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COVID passports are no longer required to enter Azerbaijan

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COVID passports are no longer required to enter Azerbaijan    Some restrictions of the special quarantine regime of COVID-19 have been removed in Azerbaijan.   On March 27, 2023, the Cabinet of Ministers adopted a resolution “On additional measures to remove certain restrictions of the special quarantine regime”.   “From 06:00 on March 28, 2023, all foreign citizens and

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Some foreigners will not be required a work permit

Some group of foreigners will not be required a work permit

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Some group of foreigners will not be required a work permit    According to new amendments to the Migration Code of Azerbaijan from 27.12.2022, Resident of the technology park (in relation to a legal entity, persons who holds the position of head and deputies of the legal entity) and specialists with experience in the field

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Проверка предпринимательства приостановлена до 1 января 2024 года

Business inspections in Azerbaijan suspended for 1 more year

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Business inspections in Azerbaijan suspended for 1 more year   Currently Azerbaijan takes great steps in its intention to diversify the national economy on the basis of further development of the non-oil sector. To put into effect this plan, the government does its best to encourage business doing in the country and to support entrepreneurs through creating

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