Legislative Update Newsletter | January, 2016 | KPMG | AZ

Legislative Update Newsletter - January, 2016

Legislative Update Newsletter | January, 2016

Foreign currency exchange operations tightened in Azerbaijan

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Legislative Update Newsletter- January, 2016

In this issue:

  • Foreign currency exchange operations tightened in Azerbaijan
  • Procedure on stock exchange information disclosure approved
  • Procedures managing interests (shares) in joint ventures and joint stock companies with state-owned interests (shares) in share capital” amended
  • Law of the Republic of Azerbaijan on state duties amended
  • Central Bank of the Republic of Azerbaijan revoked licenses of certain banks
  • Amendments made to the Law of the Republic of Azerbaijan on tobacco and tobacco products
  • Procedure on issuing investment promotion certificates defined
  • Amendments expected to Azerbaijani legislation

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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