Next meeting of the “Business Entry” working group was held

The next meeting of the “Business Entry” working group - part of the Commission on Business Environment and International Rankings and led by the State Tax Service (STS) under the Ministry of Economy, was held.

Representatives from the State Tax Service under the Ministry of Economy, the Ministry of Justice, the Ministry of Foreign Affairs, the Center for Analysis of Economic Reforms and Communication, as well as law and consulting firms – members of the working group, participated in the event.

Challenges ahead, information on activities implemented within the "Road Map for the year 2026 on the implementation and communication of improvements in the relevant field related to the indicator of "Business Entry" of the "Business Ready” report of the World Bank Group”, were discussed.

Vusal Shikhaliyev, Head of the Secretariat of the Commission on Business Environment and International Rankings and Sector Manager at the Department of Economic Policy and Industrial Issues of the Administration of the President of the Republic of Azerbaijan, provided information regarding the “Business Ready” report presented by the World Bank. It was noted that, based on the results of the initial assessment conducted at the end of last year, Azerbaijan ranked 20th among 101 countries in the “Business Entry” indicator, with a score of 86. Although the number of countries included in the new assessment has risen to 163, confidence was expressed that the measures being implemented would contribute to the development of the business environment.

Samira Musayeva, head of the “Business Entry” working group and Deputy Head of the State Tax Service, provided information on efforts to improve business establishment practices based on advanced international experience. Key initiatives highlighted include the authentication of documents for legal entities with foreign investment (when in a foreign language), the acceleration of digitalization, and the integration of databases across institutions involved in the state registration of commercial legal entities. It was noted that draft laws proposing amendments to the Civil Code and the Tax Code of the Republic of Azerbaijan, as well as the laws “On State Registration and State Register of Legal Entities,” “On Combating the Legalization of Property Obtained by Criminal Means and the Financing of Terrorism,” and “On Notaries,” have been prepared and are currently under review by the relevant authorities.

Relevant legal documents concerning the “Consular Legalization Information System” have been prepared and forwarded to the appropriate authorities, and 85% of the technical work related to the establishment of the system has been completed.

In addition, information was provided regarding awareness-raising and promotional activities concerning reforms implemented in the field of state registration of commercial legal entities, including electronic state registration.

The meeting participants held an extensive discussion regarding draft laws prepared for the implementation of measures envisaged in the relevant sections of the Roadmap, and proposals from representatives of consulting firms were submitted.

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