Azerbaijan Sets Size-Based Classification Thresholds for Enterprises

Azerbaijan has set the size-based classification threshold for enterprises as follows:

• Micro-enterprises – 1 to 10 average number of employees and annual revenue up to AZN 200,000;
• Small-enterprises - 11 to 50 average number of employees and annual revenue over AZN 200,000 up to AZN 3 million;
• Medium-enterprises - 51 to 250 average number of employees and annual revenue over AZN 3 million up to AZN 30 million; and
• Large-enterprises - 251 or more average number of employees and annual revenue…