Rules of Registration and Register of Entrepreneurs in ICT Approved

The Cabinet of Ministers approved the rules for keeping the register of residents of technology parks and business incubators, the registration forms, as well as the application forms.

The register may regard resident legal entities and individuals and the registration can be carried out both in electronic and written form.

When applying, besides the name and title of the innovative project with a summary of it, a list of participants in the project, information on the business activities of the applicant (if any), a business plan, as well as an electronic presentation of the project reflecting full information about it should be provided.

The application form will be accepted by the managing organization, which will issue a document confirming the registration. The registration procedure will take 20 working days. The resident that has received a certificate of registration will be able to sign a document on tenancy with the managing organization.

The registry of residents provides a database of legal entities and individuals (personal data, details, taxpayer's identification number, etc.), the inclusion of information on their registration and cancellation of registration, the documents submitted by them for registration and so on.

Information about the residents will be presented in two days to the Ministry of Taxes and the State Customs Committee of Azerbaijan. --17D-