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Banking, Finance and Insurance
The Committee oversees the entire financial services industry, including banking and insurance industries. The committee concentrates on those issues that can off set American and Azerbaijan-US joint venture business in Azerbaijan. Finance committee works towards bringing greater understanding of the Azerbaijan Financial system. Better consideration of financial systems and a more robust financial infrastructure helps us to ensure both sustainable economic growth and social progress within the country. AmCham’s financial committee exists to raise and allocate finance. AmCham commonly undertake activities in order to bring organization’s together to provide a range of financial services for its members.BFI Committee seeks to support and promote the interests of AmCham’s Banking, Finance and Insurance members. It does this by facilitating discussions on issues affecting the sector, inviting guest speakers and by seeking to act as an advocacy body to defend and promote the interests of the sector as a whole with respect to Government and regulatory bodies.Powered by Froala Editor
Tax & Customs
The Tax and Customs Committee proactively addresses both existing and new tax and customs issues by maintaining a dialog with the State Tax Service, Ministry of Finance and State Customs Committee and promotes change in the tax and customs system through consistent interpretation and application of existing regulations.The committee is doing this job in several ways: by engaging its members in various legislative initiatives aimed at improving the business climate, sharing experiences across the member base on challenging tax and customs issues and establishing dialog between the business community and the governmental bodies and ministries.Powered by Froala Editor
Construction Working Group
The WG is aimed at improving real estate and construction industry in the country, by raising issues of concerns and common challenges, developing best practices, encouraging sustainability and adoption of innovation technologies and approaches within the industry.
Some Facts about AmCham Azerbaijan
The American Chamber of Commerce in Azerbaijan is a leading private, non-profit business association supporting and promoting the interests of foreign and local businesses in Azerbaijan. Established in 1996, AmCham is composed of over 260 Regular and Associate Member Companies active in every sector of the Azerbaijani economy. AmCham Azerbaijan represents nearly 80% of all foreign investment, as well as a significant portion of local investment, in Azerbaijan. Through its 9 industry sector committees, Member Companies are able to share information, raise issues of common concern and propose possible solutions. Being one of the largest and the most influential organizations in the country AmCham provides the best networking opportunities. Other membership benefits include access to the data on the latest tendencies in the market (through such information resources as AmCham White Papers, AmCham Annual Reports, IMPACT Azerbaijan Quarterly Magazines, Annual National Employee Salary Surveys, Quarterly Inflation Surveys); Member-to-Member Discount Program offers; U.S. Business Visa Facilitation Program benefits, etc.
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Speech of Heydar Aliyev, the President of the Republic of Azerbaijan at the opening ceremony of the American Chamber of Commerce in Azerbaijan – “Hyatt Regency Nakhchivan” Ho ...
National Leader of the Republic of Azerbaijan
As I know, part of the recently implemented reforms were developed on the basis of AmCham ideas, I would like to thank you for that.
The President of the Republic of Azerbaijan
“There are the many important contributions this Chamber has made, including through its White Papers, to improving the business climate in Azerbaijan, to fostering dialogue betw ...
Ambassador of the United States of America to the Republic of Azerbaijan (2015-2018)
“AmCham plays an immense role in improving the country’s business environment."
Deputy Assistant Secretary of State for European and Eurasian Affairs
Remarks for the AmCham by Ambassador Lee Litzenberger
Ambassador of the United States of America to the Republic of Azerbaijan (2019-2022)
There are two types of AmCham affiliation: MEMBERS and ASSOCIATES with annual fees appliedLearn more
We currently have more than 250 members
Immediately stay up to date with every members news updates
“CEHİZ” LAYİHƏSİ": DIALOGUE BETWEEN GENERATIONS AND STUDYING DOWRY CULTURE IN AZERBAIJAN
22 September 2023
VOLVO: For Life
20 September 2023
Hospitality Law in Azerbaijan
20 September 2023
5000 AZN gift for teachers and their family members at Greenville Residence!
20 September 2023
12.5 thousand IMEI codes connected to the network with more than 1.3 million numbers were assigned the “clone” status
19 September 2023
International Astronautical Congress in Baku brings excitement and business opportunities
11 September 2023
SEPTEMBER HAPPENINGS AT FS HOTEL BAKU
11 September 2023
Log in the electronic cabinet on E-taxes.gov.az using SİMA Token!
11 September 2023
74th International Astronautical Congress
5 September 2023
SEPTEMBER HAPENINGS AT FOUR SEASONS HOTEL BAKU
4 September 2023
Motorcycle Festival at Shahdag Mountain Resort
24 August 2023
Founding partner of Legalize Law Firm becomes a Fellow of the Chartered Institute of Arbitrators
18 August 2023
Deadline for Sponsorship and Exhibition Application at the 74th International Astronautical Congress extended
18 August 2023
Amelioration and Water Farm partially transferred its informatıon systems to the Government Cloud
17 August 2023
ROOF Academic Training yeni TOP TALKS layihəsi ilə qarşınızdadır
15 August 2023
Opening new bank accounts has become easier with SİMA
15 August 2023
Veyseloglu Group of Companies Announces its Monthly Retail Price Index
8 August 2023
Never Ending Summer Happenings at Four Seasons Hotel Baku
7 August 2023
Legal Updates presented by BAKER TILLY
4 August 2023
Digitalization on Boards 5th Edition by Amrop
2 August 2023
Enhance Your Career in Auditing: Enroll in EKVITA Academy's Training Program
31 July 2023
Destination Fabulous Summer Happenings at Four Seasons Hotel Baku
31 July 2023
Limited Time Offer by PASHA Property Management for AMCHAM Members at Knightsbridge Residence
26 July 2023
EKVITA CONDUCTS ANTI-BRIBERY COMPLIANCE TRAINING FOR PRIVATE AND PUBLIC SECTOR ORGANIZATIONS.
11 July 2023
Exclusive Offer for AmCham Members: 5% Discount on Greenville Premium Residence Apartment Purchases
6 July 2023
Tax and Legal newsletter presented by BAKER TILLY
6 July 2023
5 tools to increase corporate sales with Cubics BMS
25 June 2023
Tax and Accounting Bulletin 2023
23 May 2023
Latest changes to legislation in April 2023
4 May 2023
Trade in your premium car to Volvo and get a special discount of 2 000 AZN
1 May 2023
SPRING HAPPENINGS AT FS HOTEL BAKU
1 May 2023
Four Seasons Hotel Baku Spring Happenings
3 April 2023
Four Seasons Hotel Baku February Happenings
13 February 2023
FOUR SEASONS HOTEL BAKU FEBRUARY HAPPENINGS
6 February 2023
“Nar” continues vocational training for special people in 2023
24 January 2023
Important highlights from AmCham Events
AmCham Members’ September Luncheon
On September 28, 2023, the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) hosted its Members’ September Luncheon with honourable guest speakers Mr. Samaddin Asadov, Chairman of the Board of Azercosmos, Space Agency of the Republic of Azerbaijan and Dr. Christian Feichtinger, Executive Director of International Astronautical Federation.Opening the luncheon, Member Relations Officer of AmCham Azerbaijan, Ms. Sheyda Mustafabayli welcomed the participants and briefed on the upcoming projects and events of the Chamber.Ms. Nargiz Nasrullayeva-Muduroglu, President of AmCham Azerbaijan, began by requesting everyone to commemorate dear memory of the martyrs, who sacrificed their lives for Azerbaijan's territorial integrity. Thereafter, Ms. President extended a warm and gracious welcome to the distinguished guest speakers at the Luncheon, expressing her heartfelt appreciation for their valuable collaboration. She extended her sincere congratulations on the occasion of hosting the 74th International Astronautical Congress, set to unfold from October 2nd to 4th, 2023, right here in the beautiful city of Baku, Azerbaijan. Ms. Nasrullayeva-Muduroglu conveyed her best wishes for the success of this prestigious event, extending her regards to both organizers and participants alike. She underlined the Chamber's immense pride in its close collaboration with the Congress, which includes a series of engaging social and networking events featuring international speakers representing esteemed global companies participating in IAC 2023.Mr. Samaddin Asadov extended a warm welcome to all event participants and expressed his heartfelt gratitude to the Chamber for providing an invaluable platform for engaging in productive discussions with the business community. The Chairman took immense pride in the momentous occasion of once again hosting the global space community in Baku, exactly half a century after the city's remarkable feat of hosting the 24th International Astronautical Congress, making it the first and only city in the region to achieve such an honor. Ms. Asadov underscored the historic significance of this event for Azerbaijan, emphasizing its role as a cornerstone in the nation's mission to cultivate a robust regional space ecosystem and solidify its standing as a burgeoning spacefaring nation. Furthermore, the Chairman highlighted the anticipation of hosting 4,000 participants from over 100 countries in Baku for IAC 2023, characterizing it as a unique opportunity for attendees to not only delve into the latest advancements in space but also to immerse themselves in the renowned Azerbaijani hospitality and rich cultural heritage.In his address, Mr. Feichtinger provided a comprehensive overview of the rich history and dynamic activities of the International Astronautical Federation (IAF), shedding light on its past achievements and future endeavors. Delving into the exciting prospects that lie ahead, he highlighted the significance of hosting IAC 2023 in the vibrant city of Baku, emphasizing how this gathering of global space leaders promises to be yet another milestone in the Federation's journey. Mr. Feichtinger passionately spoke about the successful collaborative initiatives undertaken with the IAF, including recent standout events such as The Global Space Conference on Climate Change 2023, the International Astronautical Congress 2022 in Paris, and the Global Conference on Space for Emerging Countries 2022, underscoring the Federation's commitment to fostering international cooperation and innovation in the field of space exploration.The event proceeded with member companies giving presentations about their portfolios and activities. Mr. Emil Imamov, celebrating CJ ICM's 20th anniversary, led the first presentation, followed by Mr. Farrukh Farajullayev, CCO of AzIntelecom, delivering the second presentation.Around 150 people participated in the luncheon including high-ranking government officials, representatives of diplomatic corps, and senior executives from business community and member companies.
New appointment for Construction Working Group
AmCham Azerbaijan is pleased to announce the new appointment of Mr. Farid Safguliyev, as a Deputy Chairperson of the Construction Working Group. Please note that those who would like to become a member of the working group and have suggestions regarding potential discussion topics, can reach out to us at email@example.com. Mr. Farid Safguliyev is the Founder and CEO of FARCHITECTS Group, which includes BRG Construction and FARCHITECTS Hospitality. FARCHITECTS collaborates with both national and international clients, in and out of Azerbaijan, and provides a full spectrum of services including design, construction, fit-out, decoration and furniture to assets ranging from private residences and offices to luxury restaurants and five-star hotels. Prior to establishing his own business, Mr. Safguliyev spent twelve years in various construction and design-related roles. His most recent position was that of Construction Manager in one of the leading companies in the region – PASHA Construction. In this role, he successfully managed international projects – including the redesign of the "Shirvan" Restaurant in Paris and the creation of the "Jardin D’Azerbaijan" (Park of Azerbaijan) in Evian – as well as the design and outfitting for iconic restaurants and primary business estates in Baku.Mr. Safguliyev has a bachelor’s degree in architecture and construction. He is married and has a daughter.We extend our best wishes to Mr. Safguliyev as he embarks on his new role, hoping for his success and fulfillment in it.
AmCham Azerbaijan's Back-to-Business Cocktail Reception launches the New Business Season
On September 18, 2023, the American Chamber of Commerce in Azerbaijan, welcomed over 200 members of its community for its annual Back-to-Business Cocktail Reception. Held as the summer holiday season came to a close, the event marked the start of a vibrant new business chapter filled with new opportunities and events. Ms. Gulnara Aslanbayli, Executive Director of AmCham Azerbaijan, and Ms. Nargiz Nasrullayeva-Muduroglu, President of AmCham Azerbaijan, extended a warm welcome to attendees, expressing their pleasure at reconnecting after the summer break and offering best wishes for a prosperous year ahead.Then, Mr. Hugo Guevara, Deputy Chief of Mission of U.S. Embassy in Baku, noted the United States' commitment to being a partner in promoting economic diversification and maintaining stability and prosperity in Azerbaijan. He emphasized the Embassy's ongoing collaboration with the American Chamber of Commerce in Azerbaijan to create opportunities for U.S. businesses.Ilgar Mehti, AmCham First Vice-President and Director of Ekvita, extended his warmest welcome to all the guests and pointed out the long-term fruitful cooperation between Ekvita and AmCham Azerbaijan, expressing the willingness to commit to this partnership for the years ahead. He also emphasized that Ekvita known for its remarkable achievements in the industry is joyously celebrating 15th anniversary this year. Then, Mr. Irakli Gabriadze, General Manager of Procter and Gamble, noted the celebration of the company's 25th anniversary this year. He shared insights into the company's history and its longstanding cooperation with the Chamber.The evening featured delectable cuisine, lively music, and ample networking opportunities, fostering connections among the AmCham community.The event was held with the generous sponsorship of Ekvita and Procter&Gamble.
A meeting between AmCham Human Resources & Labor Committee and Ministry of Labor and Social Protection of the Population of Azerbaijan was held
On August 8, 2023, the Human Resources and Labor Committee of the American Chamber of Commerce in Azerbaijan had a meeting with representatives of Ministry of Labor and Social Protection of the Population of Azerbaijan. The discussions focused on recent social reforms and accomplishments within the country, highlighting the strides made in this regard.The meeting delved into the steps taken to enhance labor legislation in response to contemporary challenges and the evolving demands of the labor market. Presentations were given on the recent modifications in labor legislation. Notably, the significance of the "Labor and Employment" subsystem was underscored, with a particular emphasis on the pivotal role anticipated from the newly established Labor Protection Center in furnishing methodological assistance to employers.The representatives of the Ministry's Labor Policy Department and the State Labor Inspection Service, alongside representatives from the Committee, engaged in a fruitful exchange of viewpoints. This dialogue extended to matters related to the practical implementation of the Labor Code, providing an opportunity for the Committee members to share their perspectives and recommendations.
AmCham CEO Cocktail Reception on Celebration of US Independence Day
On July 13, 2023, AmCham Azerbaijan organized CEO Cocktail Reception on Celebration of US Independence Day. In keeping with its tradition, the Cocktail brought together CEOs and Partners of AmCham member companies, ambassadors, AmCham committee chairpersons and different government officials. Executive Director of AmCham Azerbaijan Ms. Gulnara Aslanbayli officially opened the event by greeting the guests and giving a brief foreword of the event. During her speech, she especially emphasized the valuable contributions of the sponsors to the reception and appreciated their support on behalf of the Chamber. The speech of Ms. Aslanbayli was followed by Azerbaijan and U.S. National Anthems. Taking the floor, President of AmCham Azerbaijan Ms. Nargiz Nasrullayeva-Muduroglu welcomed the event participants and sent her sincere congratulations to all US citizens on the occasion of Independence Day. Ms. President also touched upon the commitment of the Chamber to its main strategic goals on improving the business environment in Azerbaijan, promoting the interests of foreign and local businesses, and playing a significant role in the communication between public and private sectors. She also highlighted the importance of the cooperation between AmCham Azerbaijan and US Embassy in Baku in achieving these goals. Afterwards, the floor was passed to Mr. Andrew Berdy, Acting Deputy Chief of Mission at US Embassy in Baku to share the celebration of this special occasion with the guests. Pointing out the significance and noteworthiness of Independence Day in the history of US, Mr. Berdy once again congratulated his compatriots from the bottom of his heart. During his speech, he highlighted the long-lasting and fruitful relationship covering various areas between Azerbaijan and United States as well. Furthermore, Mr. Berdy also mentioned the close cooperation between the Embassy and the Chamber on promoting the business interests of both countries. The Cocktail Reception continued with several show programs, live music band performance and DJ show. Additionally, the reception also featured a particular Raffle Show where the guests got an opportunity to win exclusive prizes offered by AmCham member companies. The most memorable part of the event was cate cutting ceremony with a spectacular firework show by the President Ms. Nargiz Nasrullayeva-Muduroglu and Mr. Andrew Berdy from US Embassy to celebrate this remarkable day. The event was held with the generous contribution and support of Gold Sponsor - BP, Silver Sponsor – The Landmark, Bronze Sponsors - Coca-Cola, Carlsberg, Jumanji and Hillside, and Other sponsors – Highlight Events, Bloom Group, PMD Hospitality, JW Marriott Absheron Baku, Four Seasons Hotel Baku, Hilton Hotel, Hyatt Regency Baku, RESM Jewelry, Holiday Inn Baku, Office Systems, Fairmont Baku Flame Towers, and Kapital Bank.
AmCham Members’ July Luncheon with Minister Teymur Musayev
On July 5, 2023, the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) organized its Members' July Luncheon with honorable guest speaker Mr. Teymur Musayev, Minister of Healthcare of the Republic of Azerbaijan.The event commenced with a warm welcome from Ms. Gulnara Aslanbayli, the Executive Director of AmCham Azerbaijan. Ms. Aslanbayli announced the Chamber's new members and provided updates on upcoming plans and events.Ms. Nargiz Nasrullayeva-Muduroglu, the President of AmCham Azerbaijan, introduced Mr. Teymur Musayev as the distinguished guest speaker. Ms. Nasrullayeva emphasized the significance of healthcare in everyone's lives, stating that it concerns every individual. She expressed confidence in Mr. Musayev's capability to lead the healthcare sector and highlighted AmCham's commitment to supporting the Ministry through its various committees and working groups.During his address, Mr. Musayev highlighted the extensive reforms that have taken place in Azerbaijan's public healthcare system in recent years. These reforms have been based on modern principles, incorporating innovative technologies and progressive management resources. He outlined the three main principles underpinning successful healthcare reforms: the development of human capital, digitization of healthcare, and the new economics of the healthcare system and its financing.The Minister emphasized the country's transition to a comprehensive digital healthcare platform, leveraging modern information and communication technologies to enhance accessibility, strengthen the human factor, and streamline citizen-official communication in public services.Mr. Musayev also mentioned purposeful and sustainable projects aimed at fostering a modern mindset and international practices among medical professionals, facilitating successful exchanges in the healthcare field, and promoting inclusive development in medical education and science.Following his speech, Minister Musayev participated in an open and interactive Q&A session, where he addressed all questions from the audience.Thereafter, member presentations on portfolio and activity direction of the company were delivered by “DersEvi”.The event concluded with closing remarks from Ms. Gulnara Aslanbayli, expressing gratitude to all participants for their attendance and engagement.
AmCham Executive Director Ms. Gulnara Aslanbayli participated in the ACE Annual Conference 2023
On May 8-12, 2023, Executive Director of American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) Ms. Gulnara Aslanbayli together with the executive delegation of AmChams in Europe (ACE) actively participated in the ACE Annual Conference 2023. The primary objective of this influential event was to highlight the significance of transatlantic relations, foster stronger relationships among international counterparts, and obtain important insights into the economic and political landscape of the United States.This year's conference held exceptional significance as ACE celebrated its remarkable 60th anniversary. To commemorate this historic milestone, ACE Executive Directors embarked on a comprehensive journey to Washington and Houston from May 8th to May 12th, 2023. During their visit, they had the privilege to engage with prestigious government institutions, agencies, and administrations, amplifying the collaborative efforts between business and the public sector. The delegation was honored to visit esteemed establishments, including the U.S. Chamber of Commerce, the Department of Commerce and State, and the Export-Import Bank (EXIM Bank), where discussions on crucial policy matters took place.Furthermore, the ACE Executive Directors were granted an exceptional opportunity to explore the NASA Space Center, witnessing firsthand the cutting-edge advancements in space exploration, and even had the privilege to interact with senior leaders from some of the largest U.S. firms. These engaging meetings provided a platform for sharing ideas, discussing future collaborations, and strengthening bilateral relationships.Within the framework of this highly productive visit, key policy matters were thoroughly discussed with leading stakeholders, resulting in valuable insights and recommendations to further enhance transatlantic cooperation and address emerging challenges in the global economic landscape. The ACE Annual Conference 2023 served as a cornerstone event in fostering international ties, promoting economic growth, and advancing mutual understanding among participating countries.
AmCham Members’ May Luncheon with the Governor of CBAR, Mr. Taleh Kazimov
On May 11, 2023, the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) hosted its Members’ May Luncheon with honourable guest speaker Mr. Taleh Kazimov, the Governor of the Central Bank of the Republic of Azerbaijan (CBA). Opening the luncheon, Operations Director of AmCham Azerbaijan, Mr. Zaur Karimov welcomed the participants and briefed on the upcoming projects and events of the Chamber.Ms. Nargiz Nasrullayeva-Muduroglu, the President of AmCham Azerbaijan, extended a heartfelt welcome to the honourable guest speaker of the Luncheon and expressed her gratitude for his collaboration. She highlighted the ongoing endeavours of AmCham Azerbaijan in fostering the interests of local and international businesses in Azerbaijan. Ms. President also emphasized the Chamber's enduring commitment to maintaining constructive discussions and cooperation with the Central Bank of Azerbaijan across various areas of common interests. Mr. Governor warmly welcomed all the participants of the event and expressed his gratitude to the Chamber for providing a great opportunity to engage in productive discussion with the business community. He provided a brief overview of the current trends in the macroeconomic environment and financial sector of the country, highlighting the critical role of the banking system in facilitating economic growth. He emphasized that the ongoing new generation reforms and macroeconomic policies have contributed to the achievement of macroeconomic and financial stability in the country that ensure a sustainable growth in a long run. Mr. Kazimov also discussed the key efforts to further strengthen the leading role of the financial system in promoting financial inclusion and access in Azerbaijan. He expressed the need for the financial sector to improve its readiness to tackle new challenges in global financial landscape. At the end, Mr. Governor discussed new objectives of the Central Bank aiming at enhancing the contribution of the financial sector to the development of the national economy in the future.The speech was followed by an interactive Q&A session, where all questions of business representatives were addressed by Mr. Kazimov.Afterwards, AmCham Banking, Finance & Insurance committee’s chairperson Mr. Jeyhun Mammadbayli gave a brief information on the forthcoming plans and activities of the committee. He also highlighted that the Chamber attaches significant value to the collaboration with CBAR and further strengthening of these ties.Thereafter, presentations on company portfolio and activities were delivered by ARAL Group, Unicapital, and Legalize. Over 160 people participated in the luncheon including high-ranking government officials, representatives of diplomatic corps, and senior executives from business community and member companies.
AmCham Members’ April Luncheon with the Assistant Secretary of Commerce for Global Markets Mr. Arun Venkataraman
On April 4, 2023, the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) hosted its Members’ April Luncheon with honorable guest speaker Mr. Arun Venkataraman, Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service.The luncheon also featured organization of bilateral meetings with U.S. businesses interested in supporting the advancement of Azerbaijan's renewable energy ecosystem.Opening the event, Executive Director of AmCham Azerbaijan, Ms. Gulnara Aslanbayli welcomed the participants and briefed on the upcoming projects and events of the Chamber.Ms. Nargiz Nasrullayeva-Muduroglu, President of AmCham Azerbaijan, warmly welcomed the distinguished guest speaker of the Luncheon and expressed her appreciation for his partnership. She highlighted AmCham Azerbaijan's continued efforts to support and advance the interests of both foreign and local businesses in Azerbaijan. Ms. President emphasized the Chamber’s long-standing commitment to continue productive dialogue and cooperation with the government and businesses in all areas of common interest to expand the scope of the U.S.-Azerbaijan bilateral relationship.The Assistant Secretary Mr. Venkataraman extended a warm welcome to all the attendees of the event and expressed gratitude to the Chamber for the opportunity to engage with the business community. He emphasized the significance of such events in enabling U.S. companies interested in green opportunities in Azerbaijan to meet with business representatives directly. Additionally, Mr. Venkataraman highlighted the Department of Commerce and the U.S. private sector's commitment to supporting Azerbaijan in achieving its clean energy targets. He acknowledged the United States' commitment to collaborate with Azerbaijan on green energy and reducing emissions in high-carbon sectors. Mr. Venkataraman also mentioned that the current US administration has launched a coordinated, comprehensive approach to tackling climate change.The presentation was followed by an interactive Q&A session, where all the questions of business representatives were addressed by Mr. Venkataraman.Thereafter, presentations on company portfolio and activities were delivered by Altec, Borusan Cat, Cerberus, Hill International, SELECT Power Systems, Solar Tyme USA, UGT Renewables. During the presentations, company representatives expressed their readiness to share U.S. technical and financial expertise with local businesses to foster Azerbaijan’s strong renewable energy potential, including solar and wind resources.The second part of the event continued with organization of bilateral meeting between US companies and over 30 AmCham members. During the meetings, parties deliberated on ways to expand trade and investment between the United States and Azerbaijan. They also gained insights on companies’ operations, spotlighted commercial collaborations and partnerships, and shared their experiences regarding the local business environment.Over 130 people participated in the luncheon including high-ranking government officials, representatives of diplomatic corps, senior executives from business community and member companies.
AmCham Members’ March Luncheon with the Head of State Tax Service Mr. Orkhan Nazarli
On March 14, 2023, the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) organized its Members’ March Luncheon with honorable guest speaker Mr. Orkhan Nazarli, Head of the State Tax Service under the Ministry of Economy of the Republic of Azerbaijan.The Luncheon was organized with the generous sponsorship of PASHA Property Management LLC. Opening the event, Executive Director of AmCham Azerbaijan, Ms. Gulnara Aslanbayli welcomed the participants. Ms. Aslanbayli briefly touched upon the projects implemented within the strategic goals of the Chamber, as well as talked on the upcoming plans and events. Ms. Nargiz Nasrullayeva-Muduroglu, President of AmCham Azerbaijan, warmly welcomed the distinguished guest speaker at the Luncheon and thanked him for his role in the continuous and productive cooperation between the Chamber and the State Tax Service. She highlighted AmCham Azerbaijan's continued efforts to support and advance the interests of both foreign and local businesses in Azerbaijan. Ms. Nasrullayeva-Muduroglu also emphasised the organization's long-standing commitment to this goal and the importance of its productive dialogue and cooperation with the State Tax Service towards achieving it.Head of State Tax Service, Mr. Orkhan Nazarli thanked the participants of the Luncheon and noted that the relations between the STS and AmCham Azerbaijan uniting hundreds of foreign and local businesses, are based on the principles of effective partnership. It was noted that the STS attaches great importance to improving tax policy and tax administration, providing new services to taxpayers, holding various discussions with public organizations of entrepreneurs to further improve the business environment. Mr. Nazarli noted that such meetings play an exceptional role in developing partnerships between tax authorities and business structures and further increasing the level of taxpayers' compliance with tax legislation. Mr. Nazarli also emphasized that the STS is interested in building partnerships with businesses in the process of improving tax legislation in order to create a favorable investment climate that will ensure sustainable economic growth in the country. He also informed the participants about the main directions of tax policy, trends in the field of tax legislation and administration in the upcoming periods.The presentation was followed by an interactive Q&A session, where suggestions and opinions of business representatives were considered, and all questions were addressed by Mr. Orkhan Nazarli.The event continued with the presentations of the member companies. First presentation was delivered by the sponsor of the event, PASHA Property Management. Chief Commercial Officer of PASHA Property Management, Mr. Elchin Gadimov provided comprehensive information on the main goals and values, as well as current activities and impending projects of the company. Thereafter, member presentations on portfolio and activity direction of the company were delivered by European Azerbaijan School. Afterwards, AmCham Tax & Customs committee chairperson Ms. Narmin Aslanova gave a brief information on the upcoming plans and activities of the committee. She also highlighted that the Chamber attaches significant value to the collaboration with the STS and further strengthening of these ties.Over 140 people participated in the luncheon including high-ranking government officials, representatives of diplomatic corps, senior executives from business community and member companies.