AZERBAIJAN ECONOMIC REFORMS REVIEW ENTERPRISEAZERBAIJAN.COM SPECIAL EDITION May - 2018 http://enterpriseazerbaijan.com http://enterpriseazerbaijan.az http://enterpriseazerbaijan.az
«Azerbaijan has turned into a country with better investment enabling environment and the investments will grow further throughout the coming years». ILHAM ALIYEV President of the Republic of Azerbaijan http://enterpriseazerbaijan.com http://enterpriseazerbaijan.az
CONTENT General information about the EnterpriseAzerbaijan.com 3-4 Information in investment opportunities 5 Why Azerbaijan? 6 Geo-economic map 7 «Crowdfunding» opportunities in Azerbaijan 8-9 Services provided by portal 10 I nternational Benchmarking 11-12 Advantageous of the EnterpriseAzerbaijan.com 13
LEGAL FRAMEWORK The Portal EnterpriseAzerbaijan.com has been created in connection with the implementation of the measure under clause 3.1.1 Setup and update with regular analysis of investment data bank of the Strategic Road Map on development of heavy industry and manufacturing in the Republic of Azerbaijan approved by the Decree #1138 of the President of the Republic of Azerbaijan as of 6 December 2016. 3
WHAT IS THE PORTAL ENTERPRISEAZERBAIJAN.COM? The purpose of the portal EnterpriseAzerbaijan.com is to further improve attractiveness of the country for investments and increase options for use of alternative funding sources to achieve diversified economy in the country. It is a regularly updated, easy for use, accessible, secure, fast and favourable portal where data on investment projects prepared in the Republic Azerbaijan, assets, natural r e s o u r c e s a n d i n v e s t m e n t opportunities are available. 4
OPPORTUNITIES OFFERED BY THE PORTAL ENTERPRISEAZERBAIJAN.COM INVESTMENT PROJECTS - familiarize investors about existing investment projects. SALES OF IDEA - Assists in finding funding source for different ideas. STARTUP PROJECTS - Start-up projects of Azerbaijan are concentrated in this portal. PRIVATIZATION PROJECTS - Projects open for privatization by investors. SALES OF PROPERTY - undertakes sales of real estate. SALES OF LAND - Offers sales of land plots for businesses. SALES OF SHARES - Serves as a window to stock exchange. SALES OF ALREADY OPERATION BUSINESS - Offers opportunities to purchase already operating businesses. 5
WHY AZERBAIJAN? Data on investment environment and procedures necessary to start business in Azerbaijan are available in the section «Why Azerbaijan?» of the Portal. STARTING A BUSINESS Data on procedures required for starting a business PROTECTING MINORITY INVESTORS Data on rights of small businesses set by existing legislation GETTING CONSTRUCTION PERMITS Data on procedures to deal with construction permits PAYING TAXES Data on procedures for paying taxes GETTING ELECTRICITY Data on procedures necessary to get electricity TRADING ACROSS BORDERS Data on «Green Corridor» crossing system and online «Single Export Application» NOTARİUS REGISTERING PROPERTY Data on procedures for registering property ENFORCING CONTRACTS Data on enforcing contracts and electronic court system GETTING CREDITS Data on procedures for getting credits RESOLVING INSOLVENCY Data on procedures for resolving insolvency (closing of businesses) 6
GEO-ECONOMIC MAP http://enterpriseazerbaijan.com/geomap The Portal contains all geographical objects interesting for investors and businesses in the geo-economic map designed with the following categories:. SERVICE SECTOR ASAN SERVICE DEPARTMENTS Baku; Other city and district centres; Mobile ASAN service. Access to finance; AgrarCredit Joint Stock Credit Institution Branches; State Service for Management of Agricultural Projects and Credits Authorized credit organizations; Agroleasing. SPECIAL ZONES Industrial parks; Industrial blocks; High technologies park; Alat Free Economic Zone (ATZ); Agro-parks. COMPANIES Producers NATURAL RESOURCES INVESTMENT PROJECTS Start-up; Land plots; Privatization ; Ready business sale; Stock sale; Property sale; Investment project. TRANSPORT INFRASTRUCTURE Sea ports; Railroad terminals; Railway stations; Airports; Bus stations. SCIENCE AND EDUCATION Azerbaijan National Academy of Science; Regional branches; Regional science centres; Higher education facilities; Agrarian Science and Information Extension Centre; Regional Extension Centres for Agrarian Science and Information; Institutes and centres of the University of Economy. 7
CROWDFUNDING CROWDFUNDING is a system which ensures financing of projects through a shared network involving people with interest in such projects. «CROWDFUNDING» IN GLOBAL EXPERIENCE KICKSTARTER - for creative ideas; İndieGOGO - for any type of projects; GoFundMe - for any type of projects; Onemission - for any type of projects; Youcaring - social and medical projects; Crowdsupply - non- ordinary technological ideas; Crowdfunder - ensures venture capitalist financing; Experiment - for scientific ideas; Chuffed - for social projects; Planeta.ru - for any type of projects. 8
«CROWDFUNDING» OPPORTUNITIES IN AZERBAIJAN BUSINESS FUND REGISTRATION SELECT ONE FROM BUSINESS IDEAS BUSINESS IDEAS TRANSFER OF MONEY INTO THE ACCOUNT (IN ANY AMOUNT) (ApplePay, GooglePay) $ $ $ ESTABLISHMENT START A BUSINESS 22 TRAINING AND CONSULTANCY 9
SERVICES The EnterpriseAzerbaijan.com is designed to offer wide range of services to both investors and business owners. DEVELOP A BUSINESS PLAN UNDERTAKE MARKET STUDIES UNDERTAKE PROCEDURES TO SET UP THE COMPANY UNDERTAKE NECESSARY PROCEDURES FOR MANUFACTURING FIND CUSTOMERS IMPLEMENT EXPORT PROCEDURES LOGISTICS SERVICES 10
INTERNATIONAL BENCHMARKING IRELAND www.enterprise-ireland.com Government Agency established for support of development of Irish enterprises in global markets Offers data on business environment, investment projects of Ireland, and also offers intermediary service in dealing with export procedures, training and consulting services for those who wish to start a business. SINGAPORE www.enterprisesg.gov State Agency in charge of promotion of entrepreneurship development in Singapore Ensures communication between investment projects and funding sources and start-ups. Besides, serves building awareness of both local and foreign investors on the market. ESTONIA www.eas.ee Fund for Support of Entrepreneurship Development in Estonia The Fund funds business providing both material and consulting services. www.enterprisegeorgia.gov GEORGIA An agency operating under the Ministry of Economy of Georgia Promotes entrepreneurship and trade development, as well as increase of export in Georgia. Acts as an specialized agency in charge of business, investment and export issues. BELARUS www.investinbelarus.by State Agency for Investments and Privatization in Belarus Offers information on investment opportunities and business environment in Belarus. 11
ADVANTAGES OF ENTERPRISEAZERBAIJAN.COM PORTAL It is very functional and easy for use compared to other portals existing in other countries. «Crowdfunding» function offered by the portal will be the first in Azerbaijan which will present funding opportunities for ideas related to public-social, health and other spheres along with business ideas. Geo- economic map of the portal contains very comprehensive and detailed information compared to analogous portals and offers investors the coordinates of all geographic objects related to business administration, logistics solution and other issues. The portal is integrated with other relevant portals. Each user will gain a unique chance to start a business with zero fund. 12
ADVANTAGE OF THE ENTERPRISEAZERBAIJAN.COM Offers links between investors and project owners; Geo- economic map makes it easier and faster to get coordinates of geographic objects regarding business administration and other issues; Presents detailed information on all processes required for starting a business in Azerbaijan; Offers an opportunity to use the «Crowdfunding»; Offers intermediary, consulting and other services; It is integrated with systems such as Azexport.az, Digital Trade Hub, One Stop Shop Export Support Centre. 13
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