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The Law on Amendments to the Labor Code, the Civil Code, and the Laws of the Republic of Azerbaijan "On Currency Regulation", "On Investment Funds" and "On the Securities Market"New business opportunities in Azerbaijan: Tax and Customs duty exemptionsNew requirements for the payments market are on the way: a close look at the Law on Payment ServicesAll updates
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Marine Plaza, 3rd floor, Uzeyir Hajibeyli 62, AZ 1010, Baku, Azerbaijanvlm@vlm-az.com+994 10 256 73 56Send an enquiry
+994 10 256 73 56vlm@vlm-az.com
PracticesBanking & finance

Funds & venture capital

Capital that wants to back Azerbaijani companies needs a vehicle investors trust and a regulator will license. We structure funds and venture investments so that both are true from the first close.

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Legal 500Chambers and PartnersIFLR1000ITR World TaxAmCham AzerbaijanBCCAAFChamberIsrael–Azerbaijan ChamberAIENShenzhen Court of International ArbitrationGlobal Law ExpertsLeadvisor

How we work

Fund formation, licensing and venture investment terms.

Recent amendments made venture capital funds a category of their own under the Law on Investment Funds, introduced the professional investor, and gave convertible loans, SAFEs and employee share plans a statutory basis. We advise fund managers on setting up and licensing funds and management companies under the new framework, and founders and investors on the rounds those funds will make.

For early-stage companies we negotiate term sheets and investment agreements, and advise on the Startup certificate and the tax and currency rules that come with it.

For early-stage companies we negotiate term sheets and investment agreements, and advise on the Startup certificate and the tax and currency rules that come with it.

What we do

We advise on:

  • Establishment and licensing of investment funds and management companies
  • Venture capital funds under the Law on Investment Funds
  • Fund documents, investment policies and investor terms
  • Venture and angel investment rounds
  • Convertible loan agreements and SAFEs
  • Employee share option plans
  • Startup certificates and the benefits attached to them
  • Exits: trade sales, secondary sales and buy-backs

Banking & finance

Also in this group

All thirty-three practices
Real estate financeMortgages, development loans and security over property.Read more
Banking & financial regulationLicensing, prudential rules and Central Bank requirements.Read more
General lendingFacility agreements, security and enforcement.Read more
Project financeSecurity packages, lender negotiation and conditions to disbursement.Read more

News and insight

VLM Times

The amendments, decrees and court decisions that change what a business operating in Azerbaijan has to do next.

6 August 2026 · Corporate

The Law on Amendments to the Labor Code, the Civil Code, and the Laws of the Republic of Azerbaijan "On Currency Regulation", "On Investment Funds" and "On the Securities Market"

8 January 2025 · Tax

New business opportunities in Azerbaijan: Tax and Customs duty exemptions

21 August 2023 · Banking and finance

New requirements for the payments market are on the way: a close look at the Law on Payment Services

30 December 2022 · Labor and migration

New changes related to work permits

30 December 2022 · Public private partnership

Law on Public-Private Partnerships: what is improved with the new Law

17 May 2022 · Firm news

Project on strengthening the financial stability of the Gabala Vocational School

14 March 2022 · Firm news

Professional Legal Services

9 March 2022 · Dispute resolution

Dispute Resolution Services

1 March 2022 · Intellectual property

Why register a trademark?

28 January 2022 · Labor

Penalties for administrative violation of labor rights have been increased

30 December 2021 · Labor

Increase of minimum monthly salary

9 September 2021 · Dispute resolution

Constitutional Court Decision on termination of an employment contract and labor disputes settlement

10 August 2021 · Firm news

COVID-19 Update

17 May 2021 · Labor

SUMMARY of Law dated 02 April 2021 on Amendments to the Labor Code

26 March 2021 · Firm news

Vugar Mammadov, VLM's Managing Partner gave an interview for the Legal500.

See all articles

Contact

Tell us what you are trying to do in Azerbaijan

Marine Plaza, 3rd floor, Uzeyir Hajibeyli 62, AZ 1010, Baku. A partner replies within one business day.

vlm@vlm-az.com+994 10 256 73 56

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Marine Plaza, 3rd floor
Uzeyir Hajibeyli 62

AZ 1010, Baku, Azerbaijan

+994 10 256 73 56

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