PwC Eurasia Legal Newsletter - January 2023

PwC Legal provides a broad range of legal services in Kazakhstan, Azerbaijan, Armenia, Georgia, Mongolia and Uzbekistan, which are complementary to our Assurance, Advisory and Tax practices. Below we outline significant legislative changes for January in these countries.

Kazakhstan

• The President signed the Law “On restoration of solvency and bankruptcy of citizens”

Azerbaijan

• The period of exemption from customs duties for importation of machinery, technological equipment and devices in industrial and technological parks is extended

Georgia

• New Regulations on Lending Entities

Mongolia

• The Amendment to the Minerals Law imposes a fee for failure to hire local citizens
• The Government approved the Employment Arbitration Rule
• A new law is approved to protect human rights in social media environment

Uzbekistan

• The Cabinet of Ministers approved the procedure for the formation and implementation of the investment program
• The President approved changes in corporate governance of JSCs and LLCs 
• Zero-rates of duties on imports have been extended

Armenia

• From 1 January 2023 all legal entities have an obligation to submit a declaration on beneficial owners
• The Government approved the initiative to amend the Civil Code, the Law “On Trade and Services” and the Law “On Consumer Rights Protection”