Azerbaijan: Corporate and Company Law

The 13 July 2026 amendments approved by Law No. 445-VIIQD to the Tax Code expand the definition and permitted use of the VAT deposit account by allowing non-state-sector taxpayers operating outside the oil and gas industry to transfer funds from their VAT deposit accounts to the State Social Protection Fund.  This special mechanism will apply from 1 January 2027 for a period of four years and may be used only in accordance with procedures and conditions to be established by the Cabinet of Ministers.  Prior to the amendment, transfers from VAT deposit accounts to the Fund were not permitted

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The Milli Maclis adopted the Law, On Financial Leasing, on 26 May 2026, and it was subsequently promulgated by Presidential Decree on 25 June 2026.

Law 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...

Benefits of relocation of business to Azerbaijan:

Due diligence is a very important action that should be taken by a buyer before entering into a merger and acquisition (M&A) transaction. In the M&A transaction, the legal due diligence enables the buyer to get clear information about legal aspects...