What investment, capital, income, revenue, funding or viability evidence is central to this pathway?
Under a Decision of the Collegium of the Ministry of Economy in effect from 16 January 2024, an individual entrepreneur renewing a temporary residence permit after residing at least 1 year in Azerbaijan on the entrepreneurship-activity ground must show turnover of at least 50,000 AZN (manats) in the last 1 year; for a permanent residence permit on the same ground, last-year turnover must be at least 100,000 AZN. Tax-authority documents confirming annual turnover are required at application. These thresholds do not apply to entrepreneurship entities holding an investment-promotion document or Startup certificate, or operating in the Karabakh and East Zangezur economic regions.
See recorded sources
Limits of the record- Exact Collegium decision number not stated on the press notice; the linked e-qanun.az/framework/56075 full-text page is a client-rendered application and could not be fetched as text in this pass -- NOT_FOUND_NONBLOCKING.
- State Migration Service press notice, 17.01.2024
in order to issue (extend) a new temporary residence permit to foreigners who have temporarily lived in the Republic of Azerbaijan on the basis of engaging in entrepreneurship activity for at least 1 year, the turnover of that person (individual entrepreneur) in the last 1 year must be 50 thousand manats
- State Migration Service press notice, 17.01.2024
For issuance of a permanent residence permit on the same ground, the turnover in the last 1 year is determined in the amount of 100,000 manats