Registering a company in Azerbaijan is a relatively streamlined system made to bring in both nearby and international investment. Regardless of whether you’re an entrepreneur or maybe a overseas investor, comprehending the authorized techniques, prerequisites, and documentation is essential. Here is a step-by-stage information:
Move one: Choose the Type of Enterprise Entity
The most typical sorts of business enterprise entities in Azerbaijan include:
Restricted Liability Firm (LLC) – most favored for smaller to medium-sized enterprises.
Joint Inventory Company (JSC)
Branch or Representative Workplace
Particular person Entrepreneur (for sole proprietors)
For most foreign and local companies, LLC is the preferred structure because of versatility and restricted liability.
Stage 2: Decide on an organization Identify
Pick a novel organization identify and verify its business registration in azerbaija availability in the Ministry of Economic climate’s on the net portal or at the Just one-Quit Shop centers. The name must not conflict with present enterprises and will have to adjust to naming restrictions.
Action 3: Prepare the Needed Documents
You will need to get ready and post the next paperwork:
Application Variety (could be filled on-line)
Charter of the corporation (in Azerbaijani)
Conclusion with the Founders (with regards to establishment and director appointment)
Identity files of founders and director (copyright copies for people, registration paperwork for legal entities)
Evidence of lawful deal with (lease agreement or possession certification)
Notarized Electricity of Attorney (if using a agent)
For international founders, all documents must be notarized and apostilled or legalized according to the place of origin.
Move four: Post the Paperwork
Company registration is dealt with by the Ministry of Financial state’s Point out Tax Support. You are able to sign up by means of:
A single-Quit Store provider centers
On line Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Assistance Centers (for specific providers)
At the time the appliance and paperwork are submitted, registration is normally done inside of 1–3 company times.
Action 5: Attain Tax Identification Variety (TIN)
As A part of the registration approach, your company will quickly get a Tax Identification Amount (TIN). You will also be registered for VAT When your turnover exceeds the lawful threshold (at present two hundred,000 AZN/calendar year), or you could possibly voluntarily sign-up for VAT.
Step six: Open up a Checking account
Right after registration, open a company checking account with an area financial institution in Azerbaijan. You may need:
Business registration certificate
Enterprise charter
TIN
copyright and evidence of deal with of administrators
Signature samples together with other kinds needed via the financial institution
Move 7: Sign up for Social Coverage
All corporations have to register Along with the State Social Defense Fund to report and pay out employee social insurance policy contributions.
Step eight: Commence Business enterprise Operations
The moment all registrations are total, such as checking account set up and tax/social insurance policies registration, your business is completely approved to work in Azerbaijan.
Extra Recommendations:
Foreigners can own one hundred% of Azerbaijani corporations.
There is no bare minimum cash necessity for LLCs.
Look at How to register a company in azerbaijan hiring a local authorized or business enterprise expert for support with language and documentation.
Azerbaijan solutions firm registration and permits and so forth