The corresponding document was approved by Azerbaijan’s Cabinet of Ministers.
Previously, the categories were divided into small, medium and large enterprises; the new criteria also adds the category of micro enterprises. This category includes companies with a staff of 1-10 people and an annual income of up to 200,000 manats.
The criteria for staff size and annual income for each category have also changed. Thus, if earlier a small enterprise category included a company with a staff of less than 25 people and an annual income of up to 125,000 manats, now these figures are 11-50 people and 200,000 - 3 million manats, respectively.
The category of medium-sized enterprises includes companies with a staff of 51-250 people (previously 25-125 people) and annual income of up to 30 million manats (120,000 - 1.25 million manats); the category of large enterprises includes companies with a staff of over 251 people (previously more 125 people) and an annual income of over 30 million manats (previously over 1.25 million manats).
(1.7 AZN = 1 USD on Dec. 26)