RESOLUTION OF THE CABINET OF MINISTERS OF THE AZERBAIJAN REPUBLIC

of September 27, 2016 No. 370

About approval of "Rules of the organization of activities and management of joint technological parks"

For the purpose of ensuring execution of subitem 4.1.7 of the Presidential decree of the Azerbaijan Republic "About approval of standard regulations on technological parks" of May 15, 2014 168, the Cabinet of Ministers of the Azerbaijan Republic decides No.:

Approve "Rules of the organization of activities and management of joint technological parks" (are applied).

Approved by the Resolution of the Cabinet of Ministers of the Azerbaijan Republic of September 27, 2016 No. 370

Rules of the organization of activities and management of joint technological parks

1. General provisions

1.1. These rules are prepared for the purpose of ensuring execution of subitem 4.1.7 of the Presidential decree of the Azerbaijan Republic "About approval of standard regulations on technological parks" of May 15, 2014 No. 168 and regulate questions of the organization of activities and management of the joint technological park (further - joint science and technology park).

1.2. The provisions of the Sections "Purposes of Creation of Science and Technology Park", "Functions of Management Company", "Income of Management Company", "Activities of Resident of Science and Technology Park", "Activities of Resident of Incubator", "Use of the Parcels of Land of Science and Technology Park", "Liquidation of Science and Technology Park" specified in "Standard Provision on the park of technologies" (further - the Provision), are also applied to joint science and technology parks.

1.3. The concepts used in these rules are established by the Provision.

1.4. Joint science and technology parks can be specialized and the mixed profile.

1.5. The concept the investor used in these rules is established by the Law of the Azerbaijan Republic "About investing activities".

2. Creation of joint science and technology park

2.1. To reach creation of science and technology park with attraction of private and foreign investments to the sphere of innovations and high technologies, the science and technology park can be created together with the investor on the lands which are in the state-owned, municipal or private property.

2.2. The decision on creation of joint science and technology park concerning the lands which are in state-owned property is accepted by the President of the Azerbaijan Republic based on the offer of the central executive body or the state company (about creation of the joint park under the state scientific and educational companies - the Cabinet of Ministers of the Azerbaijan Republic based on representation of the specified company), concerning the lands which are in property of municipalities - the relevant municipality, and concerning the lands which are in private property - the private owner.

2.3. The investor addresses with the investment offer on creation of joint science and technology park concerning the lands which are in state-owned property to the central executive body or the state company (about creation of the joint park under the state scientific and educational companies in the specified state scientific and educational companies), concerning the lands which are in property of municipalities in the relevant municipality, and concerning the lands which are in private property - to the private owner.

2.4. The following documents are attached to the investment offer on creation of joint science and technology park:

2.4.1. general information about the investor;

2.4.2. data on financial position of the investor and financial source;

2.4.3. data on profile of activities of joint science and technology park which creation is offered;

2.4.4. economic case of creation of joint science and technology park;

2.4.5. the project of provision of joint science and technology park which creation is offered;

2.4.6. the draft of the foundation agreement of founders of the created managerial organization;

2.4.7. the draft of the charter of the created managerial organization;

2.4.8. the draft of the actions plan connected with creation of joint science and technology park.

2.5. The investment offer which arrived for the purpose of creation of joint science and technology park on the lands which are in the state-owned, municipal or private property is considered within 20 (twenty) working days.

2.6. Creation of joint science and technology park on the lands which are in state-owned property is considered in the following procedure:

2.6.1. in case of receipt of the investment offer on creation of joint science and technology park the central executive body or the state company (and about creation of the joint park under the state scientific and educational companies, the specified state scientific and educational companies) register the proposal of the investor and submit to the investor the document (reference) confirmatory registration;

2.6.2. the central executive body or the state company (and about creation of the joint park under the state scientific and educational companies, the specified state scientific and educational companies) checks the proposal of the investor and documents attached to it for compliance to requirements of Item 2.4 of these rules. If all necessary documents are not attached to appendix, executive body or the state company (and about creation of the joint park under the state scientific and educational companies, the specified state scientific and educational companies) within 3 (three) working days from the moment of registration of the offer in writing inform on it the investor, having specified these shortcomings. In this case consideration of the offer stops and the term of suspension does not join in aggregate term of consideration of the offer;

2.6.3.investor shall eliminate the specified defects within 15 (fifteen) working days from the moment of receipt of written information. After remedial action the current of aggregate term of consideration is recovered;

2.6.4. assessment of the proposal of the investor is performed by the valuation committee (further - the commission) created for this purpose in the central executive body or the state company (and about creation of the joint park under the state scientific and educational companies, in the specified state scientific and educational companies);

2.6.5. the commission is created by the central executive body or the state company (and about creation of the joint park under the state scientific and educational companies, the specified state scientific and educational companies) from persons selected among his workers, and the Commission is effective on a voluntary basis. The structure of the commission (the chairman and other 4 members) is established by the head of the central executive body or state company (and about creation of the joint park under the state scientific and educational companies, the specified state scientific and educational company);

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