Registering a company in Azerbaijan is a comparatively streamlined method designed to appeal to both of those local and international expense. No matter whether you’re an entrepreneur or simply a overseas investor, knowing the authorized treatments, requirements, and documentation is crucial. Here is a action-by-step guideline:
Phase one: Pick out the kind of Business Entity
The most typical sorts of business enterprise entities in Azerbaijan consist of:
Constrained Legal responsibility Organization (LLC) – most favored for smaller to medium-sized businesses.
Joint Stock Business (JSC)
Department or Consultant Office
Specific Entrepreneur (for sole proprietors)
For many international and local firms, LLC is the preferred structure on account of flexibility and minimal liability.
Step two: Decide on an organization Identify
Decide on a unique firm identify and verify its business registration in azerbaija availability with the Ministry of Economic system’s on the internet portal or with the One particular-End Store centers. The name should not conflict with existing businesses and must adjust to naming polices.
Move three: Put together the Expected Paperwork
You must prepare and submit the following documents:
Software Sort (might be crammed on the internet)
Charter of the organization (in Azerbaijani)
Choice of the Founders (regarding institution and director appointment)
Id paperwork of founders and director (copyright copies for individuals, registration documents for lawful entities)
Evidence of authorized deal with (lease agreement or possession certification)
Notarized Electricity of Lawyer (if using a consultant)
For international founders, all documents should be notarized and apostilled or legalized according to the place of origin.
Phase 4: Submit the Files
Firm registration is dealt with by the Ministry of Economic climate’s Condition Tax Support. You are able to register by means of:
One particular-Cease Shop company facilities
On-line Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Service Facilities (for specific companies)
At the time the applying and paperwork are submitted, registration is usually finished inside one–3 business times.
Action 5: Attain Tax Identification Variety (TIN)
As Portion of the registration system, your business will routinely receive a Tax Identification Quantity (TIN). You will also be registered for VAT Should your turnover exceeds the authorized threshold (at this time 200,000 AZN/yr), or you could voluntarily sign up for VAT.
Phase six: Open a Bank Account
Just after registration, open a company bank account with a neighborhood lender in Azerbaijan. You'll need:
Enterprise How to register a company in azerbaijan registration certificate
Corporation constitution
TIN
copyright and proof of tackle of directors
Signature samples together with other types demanded through the lender
Phase seven: Register for Social Insurance
All corporations should sign up Using the Point out Social Security Fund to report and pay out staff social insurance policy contributions.
Move 8: Begin Organization Operations
The moment all registrations are complete, which includes banking account setup and tax/social coverage registration, your company is thoroughly authorized to operate in Azerbaijan.
More Tips:
Foreigners can possess a hundred% of Azerbaijani organizations.
There is no bare minimum cash requirement for LLCs.
Take into account using the services of a local authorized or business enterprise advisor for support with language and documentation.
Azerbaijan products and services company registration and permits and so forth