Licensing & regulatory compliance
Having a proven track record, our regulatory compliance services encompass a wide range of offerings tailored to meet the unique needs of our clients.
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How we work
Permits, notifications and sector approvals.
VLM has supported giant firms operating in Azerbaijan to obtain compulsory licenses and permissions and establish their businesses in adherence to regulatory standards.
Our projects
Work we have done
First PSD2-style payment institution licence in Azerbaijan
When Azerbaijan’s 2023 Law on Payment Services brought EU-style licensing to the market, there was no precedent to follow. We guided Token Azerbaijan through the process, and the company received the first payment institution licence under the new law.Read the caseRenewable energyAzerbaijan’s first auction-based renewable energy project
The first renewable energy project in Azerbaijan procured through a competitive auction. As lead counsel to the investor, Universal Solar Co., Ltd., we took a 100 MW solar plant in Gobustan from project agreements to the start of construction.Read the caseWhat we do
Our licensing and regulatory compliance practice includes:
- Providing expert assistance in obtaining essential government licenses and permits
- Guiding businesses in adhering to regulatory requirements related to AML and ATF matters
- Supporting clients to ensure clients' compliance with data protection regulations
- Offering in-depth legal advice on the implications of various laws
- Providing strategic guidance to help businesses adapt their operations to meet the standards and requirements set out by local laws
Who you will deal with
Vusala Babayeva-Nazirli
Senior Legal Associate
Licensing and regulatory compliance, contracts, project work.
- Permits and sector approvals
- Commercial contract drafting
- Project lifecycle support
News and insight
VLM Times
The amendments, decrees and court decisions that change what a business operating in Azerbaijan has to do next.
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.
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