Azerbaijan's thriving market becoming attractive for startups

Azerbaijan is a prime destination for startups seeking a hassle-free entry into a flourishing market, reads an article about the tech boom in Azerbaijan published by Business Insider, Report informs.

According to the article, the Digital Development and Transport Ministry of Azerbaijan has committed to promoting changes in the market that will allow entrepreneurs and IT enthusiasts from around the world to take advantage of the opportunities of Azerbaijan's dynamic ecosystem.

“Azerbaijan is set to reshape its startup landscape with a series of pioneering initiatives aimed at fostering innovation and attracting global talent. Spearheaded by President Ilham Aliyev, the new measures eliminate the need for work permits, introduce tax concessions within technoparks, and offer comprehensive relocation assistance,” reads the article.

Besides, the state offers various opportunities for the development of IT companies through the Agency for Innovation and Digital Development.

This strategic move positions Azerbaijan as a potentially exciting destination for startups to easily enter the market, supported by multiple incentives and a commitment to technological advancements, the article said.