Legal updates

Amendments to the Civil Code
Amendments to the Civil Code of the Republic of Azerbaijan dated April 3, 2018
Significant Changes to the Bankruptcy Legislation
Several significant amendments and additions have been made to to the Law of the Republic of Azerbaijan on Insolvency and Bankruptcy
Azerbaijan Joins the UN Convention on the Use of Electronic Communications in International Contracts
Azerbaijan Republic adopted the Law on Ratification of United Nation Convention on the Use of Electronic Communications in International Contracts dated November 23, 2005.
Amendments to the Regulations on Foreign Currency Transactions
It is required to submit customs declarations to the relevant bank within 270 days from the date of the payment for goods to be imported.
Laws Entered Into Force in January 2018
Law on Unemployment Insurance, Minimum Wages, Subsistence Minimum, Labor Code and Tax Code
Amendment to Tax Legislation
The amendment to the Tax Code has introduced a number of significant changes into the tax legislation of the Republic of Azerbaijan.
Limitations on Cash Transactions
Cash transactions have been limited
Related-Party Transactions
Fines for violation of rules established in relation to entering into agreements with related parties
Industrial Park Privileges
Pursuant to the changes made to the legislation, some privileges are established for some residents of industrial parks
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