Registering a firm in Azerbaijan is a relatively streamlined process built to attract equally community and overseas investment decision. Irrespective of whether you’re an entrepreneur or simply a overseas Trader, comprehending the authorized techniques, prerequisites, and documentation is essential. Here is a stage-by-phase information:
Step one: Choose the kind of Small business Entity
The commonest forms of business entities in Azerbaijan include things like:
Confined Legal responsibility Enterprise (LLC) – most widely used for small to medium-sized companies.
Joint Stock Business (JSC)
Branch or Representative Place of work
Individual Entrepreneur (for sole proprietors)
For most international and native corporations, LLC is the popular framework resulting from overall flexibility and limited liability.
Step two: Make a decision on a firm Name
Decide on a singular enterprise name and validate its firm registration in azerbaija availability through the Ministry of Financial state’s online portal or at the 1-Quit Shop facilities. The identify ought to not conflict with current organizations and will have to adjust to naming restrictions.
Action three: Put together the Essential Paperwork
You need to prepare and submit the following files:
Software Kind (might be stuffed on-line)
Charter of the Company (in Azerbaijani)
Conclusion of your Founders (about institution and director appointment)
Identification paperwork of founders and director (copyright copies for people, registration paperwork for legal entities)
Evidence of legal tackle (lease arrangement or ownership certificate)
Notarized Electrical power of Lawyer (if utilizing a agent)
For international founders, all How to register a company in azerbaijan paperwork should be notarized and apostilled or legalized dependant upon the place of origin.
Move 4: Post the Documents
Company registration is taken care of with the Ministry of Economic system’s State Tax Service. You may sign-up by way of:
A person-Halt Shop service facilities
On the internet Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Service Facilities (for specific services)
The moment the appliance and documents are submitted, registration is frequently accomplished within 1–three company times.
Phase 5: Receive Tax Identification Quantity (TIN)
As Element of the registration approach, your company will quickly receive a Tax Identification Quantity (TIN). Additionally, you will be registered for VAT Should your turnover exceeds the lawful threshold (at present two hundred,000 AZN/12 months), or you may voluntarily sign-up for VAT.
Step six: Open a Checking account
Following registration, open up a corporate banking account with a local financial institution in Azerbaijan. You will need:
Corporation registration certificate
Enterprise charter
TIN
copyright and evidence of deal with of administrators
Signature samples along with other sorts necessary via the financial institution
Move 7: Sign up for Social Insurance coverage
All corporations should sign up Using the Condition Social Protection Fund to report and shell out staff social insurance policy contributions.
Move 8: Start off Organization Operations
At the time all registrations are total, which include bank account setup and tax/social coverage registration, your company is entirely licensed to operate in Azerbaijan.
Added Strategies:
Foreigners can very own a hundred% of Azerbaijani companies.
There's no minimum amount capital necessity for LLCs.
Look at hiring a neighborhood authorized or business enterprise advisor for guidance with language and documentation.
Azerbaijan expert services enterprise registration and permits and so on
Comments on “Tips on how to Sign up a corporation in Azerbaijan: A Move-by-Move Guideline”