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Legislative Update Newsletter- August, 2018

Legislative Update Newsletter- August, 2018

Overview of recent changes in the Azerbaijani legislation that could materially impact your business.

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In this Issue

1. The State Customs Committee of the Republic of Azerbaijan and the Small and Medium Business Development

Agency of the Republic of Azerbaijan concluded a memorandum.

2. Per diem allowances during business trips within Azerbaijan were increased

3. The Law “On Prevention of the Legalization of Criminally Obtained Funds or Other Property and the Financing

of Terrorism” was amended.

4. Activities of the Financial Monitoring Service of the Republic of Azerbaijan have commenced.

5. Activities of the Intellectual Property Agency of the Republic of Azerbaijan have commenced.

6. New Law “On Employment” to be adopted.

7. Entrepreneurship Development Fund was established.

8. The process for issuance of  permits for construction and exploitation of construction facilities in Baku has been changed.

 

© 2018 KPMG Azerbaijan Limited, a company incorporated under the Laws of the Guernsey, acting through its Representative Office in the Republic of Azerbaijan, a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Azerbaijan.

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