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Number of foreign-payers of compulsory social insurance in Azerbaijan increases by 8 percent

Business Materials 17 April 2013 18:43 (UTC +04:00)
The number of foreigners registered in the first quarter of 2013 through the individual registration system of the State Social Protection Fund (SSPF) grew by 8.1 percent in Azerbaijan, the fund reported on Wednesday.
Number of foreign-payers of compulsory social insurance in Azerbaijan increases by 8 percent

Azerbaijan, Baku, April 17 / Trend /

The number of foreigners registered in the first quarter of 2013 through the individual registration system of the State Social Protection Fund (SSPF) grew by 8.1 percent in Azerbaijan, the fund reported on Wednesday.

As of April 1, the number of foreigners registered through the individual registration system has grown to 14,864 people, the report said.

Foreigners registered under the individual registration system in Azerbaijan are citizens of 97 countries. The majority of them are the citizens of Turkey (8640 people). Georgia is ranked the second on this list with 1659 citizens, and Russia is third with 756 people.

They are followed by the citizens of Iran - 487, India - 352, China - 338, Great Britain and Northern Ireland - 218, Uzbekistan - 174, Pakistan-139, Germany - 132, Bosnia and Herzegovina - 128, Ukraine, -125, Philippines-117, Italy - 105 people, Turkmenistan - 101, Kazakhstan - 97, Malaysia - 90, USA - 87 people amongst others.

A decree of the President of Azerbaijan on the endorsement of the law 'On individual registration in the state social insurance system' was signed in December 2001. Individual registration envisages the organization and accounting of data about each insured person to provide pension and other social security rights in accordance with the laws of the country.

Compulsory state social insurance's coverage of foreigners, receiving salaries from sources of income in Azerbaijan as well as income, from which contributions are paid on compulsory social insurance, started in January 2006.

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