State Fund For Development Of Information Technologies Loans

Credit assignment
  •  Implementation of applied scientific research and experimental design works 
  •  Creation of innovative projects
  •  Establishment of new technical testing facilities
  •  Development and production of new model technique
  •  Development of new technologies
  •  Development of software tools
  •  Development of new services in receiving, processing, analyzing and transmission of  information
  •  Application of scientific research works to production, and their commercialization
Market experience 6 months
Amount 10 000 – 5 000 000
Currency AZN
Term

up to 10 years

Grace period Max. 50% of total term
Form of payment Monthly annuity payments
Interest rate 5 %
DocumentationIndividuals
  • Notarized copy of taxpayer registration certificate at the Ministry of Taxes of Azerbaijan Republic (TIN)
  •  Notarized copy of owner’s identity card 
  •  Notarized copies of  documents (extract from register or lease agreement) certifying the rights of
     business entity on the property or the place of activity on the submitted investment project    
  •  Copies of contracts (agreements) related to the sale of products (works and services) (if any) 
  •  Copies of contracts (agreements) on the purchase of fixed and current assets (if any)
  •  Copies of contracts (agreements) with contractors on the works to be implemented (installation
     and transportation) (if any)
  •  Copies of lease, insurance and other contracts (agreements) on the realization of the project (if any)
  •  Information on the investment for which decision was adopted on financing by Authorized Credit Institutions
DocumentationLegal entities
  • Notarized copy of certificate on the registration of business entity by the Ministry of Justice
    of Azerbaijan Republic
  •  Notarized copy of the Charter of business entity
  •  Notarized copy of certificate on entering registration data in the State Register by Statistical
     Committee of the Republic of Azerbaijan
  •  Notarized copy of taxpayer registration certificate at the Ministry of Taxes of Azerbaijan Republic (TIN)
  •  Notarized copy of extract from state register of commercial organization (issued by the Ministry of Justice)
  •  Notarized copies of identity cards of manager and founders 
  •  Notarized copies of  documents (extract from register or lease agreement) certifying the rights
     of business entity on the property or the place of activity on the submitted investment project  
  •  Copies of contracts (agreements) related to the sale of products (works and services) (if any)
  •  Copies of contracts (agreements) on the purchase of fixed and current assets (if any)
  •  Copies of contracts (agreements) with contractors on the works to be implemented (installation
     and transportation) (if any)
  •  Copies of lease, insurance and other contracts (agreements) on the realization of the project (if any)
  •  Information on the investment for which decision was adopted on financing by Authorized Credit Institutions 

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