Registering a company in Azerbaijan is a relatively streamlined procedure designed to attract both equally nearby and international investment decision. Irrespective of whether you’re an entrepreneur or maybe a overseas investor, being familiar with the authorized procedures, needs, and documentation is vital. Here is a move-by-step manual:
Phase one: Opt for the sort of Business Entity
The most common types of enterprise entities in Azerbaijan include things like:
Restricted Legal responsibility Corporation (LLC) – most widely used for compact to medium-sized corporations.
Joint Stock Organization (JSC)
Branch or Consultant Office environment
Unique Entrepreneur (for sole proprietors)
For some overseas and native enterprises, LLC is the popular structure due to overall flexibility and restricted legal responsibility.
Move two: Determine a corporation Identify
Opt for a novel corporation title and confirm its firm registration in azerbaija availability throughout the Ministry of Financial system’s on the net portal or with the One particular-Halt Store centers. The name should not conflict with present businesses and ought to adjust to naming restrictions.
Phase 3: Prepare the Demanded Files
You have got to get ready and post the following files:
Application Sort (can be loaded on line)
Constitution of the corporate (in Azerbaijani)
Selection from the Founders (concerning institution and director appointment)
Id paperwork of founders and director (copyright copies for individuals, registration paperwork for legal entities)
Proof of lawful handle (lease arrangement or ownership certificate)
Notarized Power of Lawyer (if employing a agent)
For international founders, all documents must be notarized and apostilled or legalized depending on the state of origin.
Stage four: Submit the Documents
Business registration is managed by the Ministry of Economy’s Point out Tax Assistance. It is possible company registration in azerbaija to register via:
Just one-End Shop support centers
On the net Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Services Facilities (for selected providers)
Once the application and documents are submitted, registration is generally done in one–three business days.
Action five: Get hold of Tax Identification Range (TIN)
As Portion of the registration system, your company will routinely get a Tax Identification Number (TIN). You will also be registered for VAT If the turnover exceeds the authorized threshold (at the moment 200,000 AZN/yr), or it's possible you'll voluntarily sign-up for VAT.
Move six: Open up a Banking account
After registration, open up a company checking account with an area financial institution in Azerbaijan. You will require:
Business registration certificate
Company constitution
TIN
copyright and evidence of deal with of administrators
Signature samples and also other forms expected from the financial institution
Stage 7: Sign-up for Social Insurance policies
All corporations should sign up Together with the State Social Defense Fund to report and spend personnel social insurance coverage contributions.
Action 8: Commence Small business Operations
Once all registrations are comprehensive, including checking account set up and tax/social insurance coverage registration, your organization is absolutely authorized to work in Azerbaijan.
Additional Ideas:
Foreigners can have 100% of Azerbaijani firms.
There isn't a minimal funds necessity for LLCs.
Take into consideration employing a neighborhood lawful or business expert for assistance with language and documentation.
Azerbaijan solutions firm registration and permits etcetera