PwC Eurasia Legal Newsletter - October 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 October in these countries.

Kazakhstan

• The Agency for financial monitoring approved the Rules for maintaining the Register of beneficial owners of legal entities
• The New Rules on Currency Control over Export-Import Transactions and amendments to the Rules on Conduction of Currency Transactions are approved

Azerbaijan

• New regulations for the Renewable Energy Sources Information System were approved
• A new rule on the issuance of certificate origin for the electricity produced from renewable energy sources was approved
• New rules for the implementation of the active consumer support mechanism were approved

Georgia

• Amendments to the ordinance No.520 of the Government of Georgia “On Approving Procedures for Reviewing and Deciding the Granting of Georgian Residence Permits”

Mongolia

• The Government of Mongolia has approved the list of specialized fields to hire foreign nationals
• Quota for foreign employees for 2024 is approved 

Uzbekistan

• The effectiveness of normative acts will be tested through legal experiments
• National Green Economy Taxonomy was approved

Armenia

• The Government approved the initiative to make amendments to the Law on Protection of Economic Competition dated 6 November 2000 and the Law on Trade and Services dated 24 November 2004
• Amendments have been made to the Law on Limited Liability Companies dated 24 October 2001