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Based on the amendment to the Migration Code, new rules have been established regarding the turnover of a foreign-invested legal entity or entrepreneur.

According to Articles 45.1.6-1 and 45.1.7 of the Migration Code, in order for a foreign national, residing temporarily in Azerbaijan for at least 1 year, to obtain a temporary residence permit again based on the same cases the turnover of a legal entity or entrepreneur with foreign investment must be in the volume determined by the Ministry of Economy . In the mentioned cases, along with other required documents, a document on taxation related to turnover obtained from the tax authorities should be submitted.

According to Articles 45.1.6-1 and 45.1.7 of the Migration Code requirements regarding specified authorized capital, turnover and number of employees does not apply to business entities possessing an investment promotion document or a "Startup" certificate, operating in the economic regions (Karabakh and Eastern Zangazur economic regions) determined by the President of the Republic of Azerbaijan, as well as to non-commercial legal entities, residents of the industrial block of industrial park and residents of agricultural park.

Last updated on: 10.10.2023


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