Registering a company in Azerbaijan is a relatively streamlined procedure meant to appeal to both of those local and foreign financial investment. Whether or not you’re an entrepreneur or maybe a foreign Trader, comprehending the lawful procedures, needs, and documentation is vital. Here's a move-by-step manual:
Stage one: Pick out the Type of Organization Entity
The most common sorts of business entities in Azerbaijan consist of:
Minimal Liability Firm (LLC) – hottest for modest to medium-sized corporations.
Joint Inventory Enterprise (JSC)
Department or Agent Business
Particular person Entrepreneur (for sole proprietors)
For some foreign and local businesses, LLC is the popular structure due to flexibility and restricted liability.
Move two: Determine a Company Identify
Choose a novel enterprise identify and validate its enterprise registration in azerbaija availability in the Ministry of Economy’s online portal or at the One-Cease Shop centers. The name will have to not conflict with present enterprises and will have to adjust to naming regulations.
Action 3: Prepare the Necessary Paperwork
You will have to put together and post the subsequent paperwork:
Software Variety (could be loaded on the internet)
Charter of the corporation (in Azerbaijani)
Decision in the Founders (relating to establishment and director appointment)
Identity documents of founders and director (copyright copies for individuals, registration files for legal entities)
Evidence of legal deal with (lease arrangement or ownership certificate)
Notarized Electric power of Legal professional (if utilizing a representative)
For overseas founders, all files needs to be notarized and apostilled or legalized according to the nation of origin.
Step four: Submit the Files
Enterprise registration is managed through the Ministry of Overall economy’s Condition Tax Provider. It is possible to sign-up by way of:
One-Prevent Shop services facilities
On the web Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Assistance Centers (for particular services)
The moment the appliance and paperwork are submitted, registration is usually concluded within just 1–three enterprise days.
Action 5: Receive Tax Identification Amount (TIN)
As A part of the registration system, your organization will routinely receive a Tax Identification Range (TIN). You will also be registered for VAT When your turnover exceeds the lawful threshold (at present 200,000 AZN/12 months), or you might voluntarily sign-up for VAT.
Stage six: Open a Checking account
Right after registration, open up a corporate checking account with an area bank in Azerbaijan. You will require:
Business registration certification
Organization constitution
TIN
copyright and evidence of deal with of administrators
Signature samples as well as other sorts necessary from the bank
Action seven: Sign up for Social Insurance policy
All corporations must How to register a company in azerbaijan sign-up With all the Condition Social Defense Fund to report and shell out staff social insurance coverage contributions.
Action eight: Begin Small business Functions
At the time all registrations are full, like banking account setup and tax/social insurance policy registration, your business is fully authorized to work in Azerbaijan.
Further Recommendations:
Foreigners can have a hundred% of Azerbaijani companies.
There's no least funds prerequisite for LLCs.
Take into consideration selecting a local legal or enterprise specialist for guidance with language and documentation.
Azerbaijan expert services corporation registration and permits etcetera