By Mirza Shehnaz

The President of Azerbaijan has signed plenty of paperwork associated to the ICT sector, offering for modifications to related legal guidelines and codes. Thus, from January 1, 2023, Azerbaijan shall be included within the record of nations the place the biggest advantages shall be utilized to the ICT sector within the area, Minister of Digital Development and Transport of Azerbaijan Rashad Nabiyev wrote on his Facebook web page, Trend experiences.

As a results of these modifications, important tax incentives will apply to corporations working within the area of ICT, people working in these corporations, together with international specialists. Along with this, there are important advantages related to necessary social state insurance coverage funds for each native staff and attracted international specialists, and different advantages.

“The foremost goal of the modifications made is to stimulate the growth of the ICT sector in Azerbaijan, entice new gamers to this area and switch our nation right into a regional ICT middle.

Benefits are additionally essential by way of international ICT corporations opening branches or consultant places of work in Azerbaijan, attracting international funding,” the publication says.

Nabiyev added that attracting international specialists and worldwide corporations to this space, together with financial exercise, can even make an essential contribution to the event of the enterprise surroundings and the start-up sphere in Azerbaijan, and the nation already has such expertise within the vitality sector.

“I consider that the amendments made to legal guidelines and codes will revitalize the ICT sector and contribute to the additional growth of the enterprise sector,” the publication says.