Azerbaijan sets state fee for managing crowdfunding platforms

In Azerbaijan, legal entities will be required to pay a state fee of 2,750 manats (approximately $1,618) to be entered into the Central Bank's registry for operating a crowdfunding platform.

According to Report, a proposed amendment to the Law on State Fees has been put forward.

The draft law was discussed today at a joint meeting of the Milli Majlis Committees on Law Policy and State-Building, and Labor and Social Policy.