Permission for acquiring substantial shareholding or substantial control

Permission for acquiring substantial shareholding or substantial control

Persons willing to become preferred shareholder or take main control must apply in written to FIMSA with supporting documents certifying the compliance with the requirements of the Law.

Documents confirming the compliance to the Law:

1. Individuals:

- Safe background clearance

2. Legal entities:

- Safe background clearance of local legal entities. Foreign legal entities must have the rating given by the international rating organizations which must not be below the relevant credit rating set by Azerbaijan Republic.