Foreign firms to be obliged to hire Azeris as deputy heads
Deputy heads of foreign companies operating in
Azerbaijan will now have to be Azerbaijanis, according to
amendments that the parliament is preparing to introduce to the Law
on Entrepreneurial Activity, a senior lawmaker says.
Ziyad Samadzada, chairman of the Milli Majlis committee on economic policy, said the planned regulation applies to companies whose founders are foreign nationals or businesses, as well as subsidiaries or representations of companies with more than 51 percent of foreign-owned shares or capital stock. In addition, their appointments are to be agreed upon with a respective executive body. According to the legislative changes, state registration of such subsidiaries or representations could be carried out only after the appointments of their deputy heads are agreed upon.
Another supplement to the entrepreneurship law says that at least 90 percent of staff in foreign companies working in a multitude of fields is to be Azerbaijanis. These sectors of the national economy include agriculture, hunting and forestry, fishing and fish-breeding, extractive and processing industries, power supply, gas and water distribution, construction, sales, repair of vehicles and domestic appliances, hotel administration, restaurant business, transport, communications, finance, real estate transactions, utilities and social sectors.
Ziyad Samadzada, chairman of the Milli Majlis committee on economic policy, said the planned regulation applies to companies whose founders are foreign nationals or businesses, as well as subsidiaries or representations of companies with more than 51 percent of foreign-owned shares or capital stock. In addition, their appointments are to be agreed upon with a respective executive body. According to the legislative changes, state registration of such subsidiaries or representations could be carried out only after the appointments of their deputy heads are agreed upon.
Another supplement to the entrepreneurship law says that at least 90 percent of staff in foreign companies working in a multitude of fields is to be Azerbaijanis. These sectors of the national economy include agriculture, hunting and forestry, fishing and fish-breeding, extractive and processing industries, power supply, gas and water distribution, construction, sales, repair of vehicles and domestic appliances, hotel administration, restaurant business, transport, communications, finance, real estate transactions, utilities and social sectors.
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