Minister: Azerbaijan Eyes Providing Extensive ICT Incentives, Becoming Regional Hub
Date
12/31/2022 7:08:13 AM
(MENAFN- AzerNews) Azerbaijan will be included in the list of countries where the
largest benefits will be applied to the ICT sector in the region
from January 1, 2023, the country's Digital Development and
Transport Minister Rashad Nabiyev wrote on his facebook page.
'Azerbaijani President has signed a number of documents related
to the ICT sector, providing for changes to relevant laws and
codes. Thus, from January 1, 2023, Azerbaijan will be included in
the list of countries where the largest benefits will be applied to
the ICT sector in the region,' he wrote.
The minister noted that as a result of these changes,
significant tax incentives will apply to companies operating in the
field of ICT, and individuals working in these companies, including
foreign specialists.
'Along with this, there are significant benefits associated with
mandatory social state insurance payments for both local employees
and attracted foreign specialists, and other benefits,' he
said.
In this regard, he stressed that the main purpose of the changes
made is to stimulate the development of the ICT sector in
Azerbaijan, attract new players to this field and turn our country
into a regional ICT center.
'Benefits are also important in terms of foreign ICT companies
opening branches or representative offices in Azerbaijan,
attracting foreign investment,' he said.
Rashad Nabiyev added that attracting foreign specialists and
international companies to this area, along with economic activity,
will also make an important contribution to the development of the
business environment and the start-up sphere in Azerbaijan, and the
country already has such experience in the energy sector.
'I believe that the amendments made to laws and codes will
revitalize the ICT sector and contribute to the further development
of the business sector,' he wrote.
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Tags: azerbaijan ict rashad nabiyev
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