BAKU, Azerbaijan, July 27. A state duty has
been approved for crowdfunding platform management in
Azerbaijan.
This is reflected in amendments to the law “On state duty”
approved by the President of the Republic of Azerbaijan Ilham
Aliyev. The document text has been published on the
official website of the President of Azerbaijan.
Thus, a state duty of 2,750 manat ($1,618) will be charged for
the inclusion of legal entities in the Central Bank of Azerbaijan
(CBA) register to carry out crowdfunding platform management
activities.
According to the amendment, crowdfunding platform operators will
be included among the entities supervised by the CBA. Operators
will also be required to submit reports on their activities to the
CBA.
