New criteria for business classification approved

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The Cabinet of Ministers approved new criteria for the classification of entrepreneurial subjects in Azerbaijan.

Based on the number of employees and turnover, the new criteria classify businesses in four categories being as micro, small, medium and large.

A mirco enterprise employs fewer than 10 people and has an annual turnover below 200 thousand manats, whereas a small enterprise is defined as a unit with 11-50 employees and an annual turnover between 200 thousand manats and 3 million manats.
   
A medium enterprise is defined as a unit with employment size between 51-250 employees and an annual turnover ranging from 3 million manats to 30 million manats, while a large enterprise is defined as a unit employing more than 251 workers and having an annual turnover of more than 30 million manats.

Dated 21 December 2018, the decision aims at encouraging ease of doing business and aligning the classification norms to the new tax regime.

Azerbaijan introduces first ever m-residency

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Azerbaijan becomes the first country in the world to introduce mobile residency (m-residency) as well as the second country after Estonia to provide electronic residency to foreign citizens.

M-residency is a significant innovative tool aimed at improving the investment climate in the country, greatly simplifying business, increasing investment attractiveness and providing easy, fast and reliable services to foreign investors and businesses willing to conduct business in Azerbaijan. M-residency allows registering company online, carrying out tax and customs transactions online, using electronic and mobile banking services, signing contracts online, etc without visiting the country.

All diplomatic missions and consulates of Azerbaijan are empowered to issue m-residency, Asan İmza (easy signature) digital signature electronic certificates to foreign citizens around the globe.

CabMin approves statute of family oriented community services

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On 13 August 2013, Azerbaijan Cabinet of Ministers approved Resolution No. 207 on the statute of family oriented community services following the consideration of the proposal of the Ministry of Education of Azerbaijan Republic pertaining to the Action Plan of the State Programme on De-Institutionalization and Alternative Care for 2006-2015 (SPDIAC), endorsed by President Ilham Aliyev on March 29, 2006.

SPDIAC aims at reintegration of children residing currently in various state institutions (de-institutionalization) with biological or foster families and at creation of alternative care services to support the de-institutionalization process. The major focus of the Program is to reduce the number of children placed in the residential care institutions and to establish a sustainable system of alternative child care and family support mechanisms. The desirable aim is to gradually phase out the institutional care and to move to more family oriented community services.

It should be noted that considerable amount of work has been carried out since the adoption of the State Programme, including establishment of the specialized Department on De-institutionalization and Child Protection under the Ministry of Education, adoption of the Master Plan of Transformation of Child Care Residential Institutions, cost comparison analysis of state child care services vs. alternative ones; and development of different by-laws and regulations to allow alternative community-based services can be set up and run by government and non-state actors.

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