Regulatory Alerts2026-08-21
Added
Law of the Republic of Azerbaijan on crowdfunding
The Law establishes the legal framework for equity-based and debt-based crowdfunding, defining key terms such as retail investors, sophisticated investors, and crowdfunding platforms. It mandates that operators be registered with the Central Bank of the Republic of Azerbaijan, requiring minimum capital levels, internal control policies, and prior approval for any qualifying holding of 10 percent or more. The legislation sets specific eligibility criteria for management personnel, including higher education and three years of relevant financial experience, while prohibiting founders from certain restricted jurisdictions. It further outlines the application procedures, review timelines of up to 90 days, and grounds for registration refusal or revocation by the Central Bank.
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