Azerbaijan is one of two countries providing mobile residence

Azerbaijan is one of two countries providing mobile residence

BAKU, Azerbaijan, March 27

By Eldar Janashvili - Trend:

Azerbaijan is one of the two countries in the world providing a mobile residence (m-residency), said Nijat Asadli, Manager at the Digital Trade Hub of the Center for Analysis of Economic Reforms and Communications of Azerbaijan (CAERC), Trend reports referring to the CAERC.

M-residency provided through the Digital Trade Hub is a public-private partnership project that allows anyone to use a variety of electronic services without changing their location.

“People are forced to be in quarantine and can't carry out their daily work, including business activities in the countries, which form the major part of the world's GDP. Azerbaijan, on the other hand, offers these people a real solution to this problem, giving them the opportunity to remotely monitor and manage their work,” Asadli noted.

According to the manager, the program provides an opportunity to open companies and bank accounts in Azerbaijan, assign addresses and assistants, officially attract employees to work, use tax benefits and much more from anywhere in the world.

“At present, during the period of restrictions due to the coronavirus pandemic, which causes great damage to business and tourism, it is necessary to note how important this service is in our country, as well as around the world. The mobile residency program is an antidote to stagnation that may arise in the flow of foreign investment into the country amid a sharp drop in oil prices,” said the manager.

Asadli noted that the Digital Trade Hub was established on the basis of the decree of the Azerbaijani President Ilham Aliyev on strengthening the position of Azerbaijan as a digital trading center and strengthening foreign trade operations.

“The hub provides various digital solutions to both residents and non-residents, using the most modern, safe and fast technologies throughout the entire period of activity. Among these services, the electronic residency service, first used in Estonia in the world, and immediately after in Azerbaijan, is of particular importance,” he added.

To date, many countries including Russia, Turkey, Georgia, the United Arab Emirates, Great Britain, Greece, Belgium, France, Germany, Spain, India, Pakistan and other countries have applied for electronic and mobile residency.

“This also shows that the program really attracts interest in many parts of the world, the growth rate in the number of calls is constantly observed,” said the manager.

“In the context of today's realities, a pandemic, an economic recession in the world and a sharp decline in oil prices, a decline in demand for mobile residency services and other services of the digital trading hub is not excluded. To this end, at the initiative of the Center for Analysis of Economic Reforms and Communications, for the more coordinated and effective implementation of the requirements of the decree, the head of state created a consortium of the Digital Trade Hub of Azerbaijan,” the expert noted.

Asadli added that this is a public-private partnership created to develop digital infrastructure and a cross-border e-commerce platform in Azerbaijan and strengthen the country's position on a regional and global scale, adding that foreigners receiving a mobile residence, as well as Azerbaijani citizens living abroad, can also, use other projects under the protectorate of CAERC without limitation.

“Thus, azexport.az portal, created by a decree of President Ilham Aliyev, is integrated with the world's most popular electronic sales networks, and foreign business partners can order Azerbaijani products online and use transport and logistics services without any restrictions,” the manager emphasized.

Enterprise Azerbaijan portal (http://enterpriseazerbaijan.com/) is also a convenient platform for placing innovative projects online, presenting them to investors and financing.

Thus, the restriction created by the coronavirus pandemic does not affect digital and remote business operations, Asadli said.

Subscribe to Trend in Google News! Subscribe
Georgia’s imports of copper ores from Azerbaijan down
Georgia’s imports of copper ores from Azerbaijan down
Iran shares data on exports from Aras Free Trade Zone
Iran shares data on exports from Aras Free Trade Zone
Iran unveils details of agricultural export
Iran unveils details of agricultural export
Loading Bars
Latest
Taiwan reports new large-scale Chinese air force incursion
Two Pakistani fisherman drown, 10 missing after boats sink
Clashes in Brussels as thousands protest at COVID health pass and restrictions
On FEACN 44 new risk profiles entered into the system - SCC of Azerbaijan
Azerbaijan launches regular bus routes to liberated territories from today
Georgia’s imports of copper ores from Azerbaijan down
Islamic State claims responsibility for attack in Herat, Afghanistan
Speaker of Armenian National Assembly to temporarily be Acting President
Georgia’s revenues from tourism to surge in 2022 – Galt & Taggart
Italy reports 138,860 COVID cases on Sunday, 227 deaths
Minister of Roads and Urban Development of Iran to visit Azerbaijan
Armenian president resigns
Iraq schedules crude shipments for March loading amid strong demand: Official
Italy's Berlusconi hospitalised in Milan since Thursday
Turkey sees increase in number of real estate purchased by Kazakh citizens in 2021
Talks between Taliban and Western and Afghan representatives underway in Norway
Azerbaijan shares data on number of vaccinated citizens
Iran’s Bahar Azadi gold coin price rebounds
Azerbaijan confirms 1,697 more COVID-19 cases, 526 recoveries
Some 72 COVID-19 cases recorded among those arrived at Beijing Olympics
Thai PM to visit Saudi Arabia as diplomatic relations thaw
US Navy says it detained ship delivering cargo for Houthis from Iran
Biggest problem with US is its support to YPG: Defense minister
Russia confirms over 63,200 COVID-19 daily cases
Azerbaijan prioritizes creation of food safety through local production
Azerbaijani Defense Ministry presents weekly review (VIDEO)
Expat doctors worked alongside Kuwaiti counterparts to revive Kuwaiti health sector: Dr Riyadh Khan
Iran reveals COVID-19 data for January 23
Weekly review of main events of Azerbaijani financial market
Weekly review of main events in Azerbaijan’s ICT sector
Iran discloses volume of electricity generated by Gilan Combined Cycle Power Plant
Weekly review of Azerbaijani precious metals market
Azerbaijan commissions new military facilities (PHOTO/VIDEO)
Tickets are available for two bus trips to Azerbaijan’s liberated Aghdam city
Tank and artillery shells found in Azerbaijan’s Samur-Absheron canal (PHOTO/VIDEO)
Bosphorus Strait temporarily closed in both directions
One person killed, two hurt in Budapest hospital fire -police
Intercity bus plunges into abyss in Turkey’s Istanbul city
An extra meal and snacks twice a day was all it took to improve falling nutrition levels in this tribal district
Almost all Kazakhstan remains in COVID-19 ‘red zone’
Nadal beats Mannarino in battle of left-handers to reach last eight
Azerbaijan holds training exercises in commando military unit (VIDEO)
Georgia reports 9,696 coronavirus cases, 5,408 recoveries, 28 deaths
Training session for reservists continues in Azerbaijan (VIDEO)
Iranian currency rates for January 23
Arab League delays annual summit as COVID-19 bites again
Turkey plans to hold next meeting within "3 + 3" format - Erdogan
New Zealand PM Jacinda Ardern cancels her wedding amid new Omicron restrictions
S.Korea says Iran to regain UN vote after delinquent dues paid with frozen funds
Electricity generation of Iran’s Bandar Abbas TPP surges
Uz-Kor Gas Chemical opens tender for purchase spare parts for analyzers and gas detectors
SCO to consider draft program proposed by Uzbekistan
Iran-Russia annual trade to increase to $10 b from $4 b
Kazakhstan confirms 14,012 new COVID-19 cases in 24 hr
French EU lawmaker Collard joins far-right presidential candidate Zemmour
Pfizer, Moderna boosters up to 90% effective against Omicron: CDC
Turkey’s Turkovac to be tested as booster for Pfizer-BioNTech jab
Guinea junta establishes council to lead transition to elections
Visit aims to rebuild trust with Lebanon: Kuwait foreign minister
UK records 76,807 new COVID cases, 297 deaths
EU Commissioner for Energy to visit Azerbaijan
Pfizer CEO sees annual COVID vaccine rather than frequent boosters
US Dept of State plans to begin evacuation of US embassy staff from Kiev on Jan 24
Blast hits western Afghan city of Herat, killing at least six
Georgia’s coal imports from Kazakhstan triple
Presidential administration of Georgia submits candidates for election commission to parliament
Remittances to Uzbekistan in 2021 totaled USD 8 bln
Iran seeks long-term, all-out ties with Turkey - Raeisi
Massive California wildfire triggers evacuations, closes highway
Italy's Berlusconi decides against running for president
Azerbaijan, Iran talk military cooperation
Azerbaijani chess player continues to lead in Tata Steel Masters tournament
Serviceman of Azerbaijan Army dies in non-combat conditions
Number of Turkish jobseekers in Uzbekistan revealed for 2021
UAE stops all private drone activities, light sports aircrafts
Airbus cancels $6bn contract with Qatar Airways
German conservatives elect right-winger Merz as new party leader
Non-hydro renewables overtake hydro for first time in Turkey
Record-breaking indicators in non-oil sector - what is secret to success of Azerbaijan's economic strategy?
Iran shares data on exports from Aras Free Trade Zone
Kazakhstan names damage caused to business as result of large-scale rallies
Georgia publishes COVID-19 data for January 22
Iran’s Bahar Azadi gold coin price dips
India now allows 6 people to register on one number for Covid vaccination
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,614 more COVID-19 cases, 610 recoveries
Azerbaijan changes rules for quarantine control of Covid-19
India's Karnataka approves design & launch of nano-satellite by govt school students at Rs 1.9 Cr
‘One Modi cannot change a country, need more icons like him’: Himanta Biswa Sarma
Seizing of illegally stored weapons from citizens continues in Kazakhstan - interior minister
Azerbaijani border serviceman commits suicide in military hospital
Iran unveils details of agricultural export
Kazakh Armed Forces performing tasks to ensure public order in regions with “red” level of terrorist threat
Tokyo hits record 10,000 COVID cases, Japan over 50,000 for first time
Number of COVID-19 infections in Russia surpasses 11 mln since pandemic began
Kazakhstan developing measures to reform Samruk-Kazyna Fund's activities
PMO records surge in load/unload operations at Iranian ports
S&P predicts gas production growth in Azerbaijan through 2025
Turkmen medical enterprise discloses production data
Azerbaijan to hold auction for Ferrum Kapital CJSC's bonds
All news