In Azerbaijan, relevant legal documents concerning the Consular Legalization Information System have been prepared and submitted to the relevant authorities, and 85% of the technical work on establishing the system has been completed, APA-Economics reports.
This was announced at the latest meeting of the "Business Entry" working group headed by the State Tax Service (STS).
The meeting was attended by representatives of 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 legal and consulting companies represented in the working group.
The meeting discussed the work carried out and upcoming tasks under the "2026 Roadmap for Implementing Improvements and Communication in the Relevant Area Regarding the Business Entry Indicator of the World Bank Group's Business Ready Report."
Vusal Shikhaliyev, Head of the Secretariat of the Commission on Business Environment and International Rankings and Head of a Sector at the Department of Economic Policy and Industrial Issues of the Presidential Administration of the Republic of Azerbaijan, provided information about the World Bank's Business Ready report.
It was noted that, according to the results of the assessment conducted for the first time at the end of last year, Azerbaijan ranked 20th among 101 countries in the Business Entry indicator, scoring 86 points. Despite the increase in the number of countries to 163 in the new assessment, 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 opportunities to improve business establishment practices based on advanced international experience and the work being carried out in this direction.
Attention was drawn to the work being carried out on the authentication of documents of legal entities with foreign investment in foreign languages, accelerating the digitalization process, and integrating the databases of institutions involved in the state registration of commercial legal entities.
It was noted that draft laws on amendments to the Civil Code of the Republic of Azerbaijan, the Tax Code of the Republic of Azerbaijan, and the laws of the Republic of Azerbaijan "On State Registration and State Register of Legal Entities," "On Combating the Legalization of Criminally Obtained Property and the Financing of Terrorism," and "On Notariat" have been prepared and are currently under consideration by the relevant authorities.
Relevant legal documents concerning the Consular Legalization Information System have also been prepared and submitted to the relevant authorities, and 85% of the technical work on establishing the system has been completed.
In addition, information was provided on awareness-raising and promotional activities related to reforms in the state registration of commercial legal entities, including electronic state registration.
Meeting participants held extensive discussions on draft laws prepared to implement the measures envisaged in the relevant sections of the Roadmap, and proposals from representatives of consulting companies were heard.
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