ArticleList Of Offshore "Tax Havens" ApprovedThe list is effective during 2017 and, subsequently, will be updated annually.AzerbaijanTaxBM Morrison Partners LLC
ArticleNew Law For Micro, Small And Medium EnterprisesLaw No 661-VIQ, dated 2 December 2022 "On Development of Micro, Small and Medium Enterprises" (the "Law"), came into effect on 26 January 2023, whereupon Law No 673-IQ, dated June 4, 1999...AzerbaijanCorporate/Commercial LawBM Morrison Partners LLC
ArticleEmployment RedefinedAmendments aimed at restricting disguising an employment relation as a civil law agreement are made to the Labour Code effective 8 May 2021.AzerbaijanEmployment and HRBM Morrison Partners LLC
ArticleBank Accounts Can Be Opened RemotelyOn 10 June 2019, the Chamber of the Republic of Azerbaijan for Regulating Financial Markets (FIMSA) passed the Rules for Opening, Maintaining, and Closing Bank Accounts.AzerbaijanFinance and BankingBM Morrison Partners LLC
ArticleMartial Law DeclaredOn 27 September 2020, pursuant to a Presidential Decree, martial law was declared in the Republic of Azerbaijan for an indefinite period of time with effect from 28 SeptemberAzerbaijanGovernment, Public SectorBM Morrison Partners LLC
ArticleLaw Of Republic Of Azerbaijan On Food SafetyLaw No 523-VIQ, dated 5 May 2022, of the Republic of Azerbaijan, On Food Safety, was promulgated on 25 June. The Law, bringing new governance to a branch already subject...AzerbaijanFood, Drugs, Healthcare, Life SciencesBM Morrison Partners LLC
ArticleNew Investment ActLaw No 551-VIQ, dated 22 June 2022, On Investing [Investment Activity], came into effect on 28 July 2022. The Law, On Protection of Foreign Investments, dated 15 January 1992...AzerbaijanGovernment, Public SectorBM Morrison Partners LLC
ArticleLaw Of Agricultural Insurance Comes Into EffectIn August 2019, Law No 1617-VQ of the Republic of Azerbaijan, On Agrarian Insurance, was promulgated.AzerbaijanInsuranceBM Morrison Partners LLC
ArticleLaw Of Technical Regulation To Come Into EffectOn 27 November 2019, Law No 1669-VQ, dated 30 September 2019, On Technical Regulation, was promulgated. The Law, which will enter into force in six monthsAzerbaijanStrategyBM Morrison Partners LLC
ArticleCorporate Law UpdateThe amendment enables shareholders to decide on pressing issues without awaiting the next meeting.AzerbaijanCorporate/Commercial LawBM Morrison Partners LLC
ArticleChanges To The Migration Code IntroducedAs of 16 May 2023, conditions to stay in Azerbaijan have changed.AzerbaijanImmigrationBM Morrison Partners LLC
ArticleReforming And Improving Civil ProcedureThe Civil Procedure Code, the principal act governing civil procedure in the Republic of Azerbaijan, except for the introduction of the simplified procedure and electronic court system...AzerbaijanLitigation, Mediation & ArbitrationBM Morrison Partners LLC
ArticleImplementing Law On Technical Regulation: ConformityLaw No 1669-VQ dated 30 September 2019, On Technical Regulation, entered into force on 27 May 2020.AzerbaijanGovernment, Public SectorBM Morrison Partners LLC
ArticleNew Regulation Of Mass MediaLaw No 471-VIQ, dated 30 December 2021, of the Republic of Azerbaijan, On Mass Media (the "Law"), came into effect as of 9 February 2022. Upon the Law's coming into effect...AzerbaijanMedia, Telecoms, IT, EntertainmentBM Morrison Partners LLC
ArticleALAT Free Economic ZoneUnder Law No 550-VIQD, dated 22 June and effective 17 July 2022, the following amendments among others are introduced to the regime of the Alat Free Economic Zone approved into Law of Alat Free Economic Zone of May 2018.AzerbaijanStrategyBM Morrison Partners LLC
ArticleGovernment Waives Rent On Leased State PropertyUnder Resolution No 280, dated 5 August 2020, of the Cabinet of Ministers, the following documents approved, according to the Action Plan adopted by the Cabinet of Ministers on 4 April 2020 following implementation of ...AzerbaijanCoronavirus (COVID-19)BM Morrison Partners LLC
ArticleUse Of Renewables To Generate ElectricityLaw No 339-VIQ, dated 31 May 2021, On Use of Renewables to Generate Electricity, is enacted with effect 14 July 2021 with supposedly no retroactive effect vis-à-vis any existing projects. AzerbaijanEnergy and Natural ResourcesBM Morrison Partners LLC
ArticleEnvironmental Impact AssessmentsThe Cabinet of Ministers issued rules (approved by Resolution No 362, dated 21 September 2022) on environmental impact assessment (EIA) following its mandate under the EIA Law...AzerbaijanEnvironmentBM Morrison Partners LLC
ArticleBasics Of Azerbaijani Mandatory Medical InsuranceBy Law No. 1441-VQD, dated 28 December 2018, amendments implementing mandatory health insurance in Azerbaijan effective 1 January 2020 were introduced to the Azerbaijani Law, On Medical Insurance...AzerbaijanInsuranceBM Morrison Partners LLC
ArticleCompetition Comes To Courts In Economic, Family, And Employment DisputesA passing on 29 March 2019 of the Law of the Republic of Azerbaijan, On Mediation, is a part of the ongoing court and legal reforms.AzerbaijanLitigation, Mediation & ArbitrationBM Morrison Partners LLC