Registering a business in Azerbaijan is a relatively streamlined method created to catch the attention of both regional and overseas investment. Irrespective of whether you’re an entrepreneur or possibly a international investor, knowing the lawful strategies, requirements, and documentation is critical. Here is a action-by-step guidebook:
Move 1: Opt for the sort of Enterprise Entity
The most typical varieties of enterprise entities in Azerbaijan include things like:
Restricted Liability Organization (LLC) – most favored for small to medium-sized businesses.
Joint Stock Firm (JSC)
Branch or Consultant Place of work
Unique Entrepreneur (for sole proprietors)
For most foreign and native enterprises, LLC is the popular framework resulting from adaptability and confined legal responsibility.
Step two: Determine a business Name
Pick out a novel organization title and validate its organization registration in azerbaija availability through the Ministry of Overall economy’s online portal or for the Just one-Quit Shop centers. The identify will have to not conflict with present corporations and ought to adjust to naming restrictions.
Phase three: Prepare the Expected Files
You will need to get ready and post the next paperwork:
Application Variety (is usually loaded on line)
Charter of the business (in Azerbaijani)
Selection in the Founders (relating to institution and director appointment)
Identification documents of founders and director (copyright copies for people, registration files for authorized entities)
Proof of legal deal with (lease agreement or ownership certification)
Notarized Electric power of Legal professional (if using a agent)
For international founders, all documents should be notarized and apostilled or legalized according to the country of origin.
Action four: Post the Files
Organization registration is handled from the Ministry of Financial state’s Condition Tax Company. You can sign up through:
One particular-Cease Shop provider facilities
On the internet Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Service company registration in azerbaija Facilities (for specific solutions)
At the time the appliance and documents are submitted, registration will likely be accomplished inside one–3 business times.
Stage five: Receive Tax Identification Quantity (TIN)
As Element of the registration approach, your business will instantly receive a Tax Identification Selection (TIN). Additionally, you will be registered for VAT Should your turnover exceeds the legal threshold (at this time 200,000 AZN/12 months), or you could voluntarily sign up for VAT.
Phase six: Open a Banking account
Following registration, open up a company bank account with an area bank in Azerbaijan. You will want:
Company registration certification
Corporation charter
TIN
copyright and proof of deal with of directors
Signature samples along with other sorts expected via the financial institution
Action 7: Sign-up for Social Insurance
All corporations need to sign up With all the Point out Social Protection Fund to report and shell out employee social insurance policies contributions.
Step eight: Start Enterprise Functions
When all registrations are entire, which includes banking account setup and tax/social insurance policies registration, your organization is thoroughly approved to work in Azerbaijan.
Added Suggestions:
Foreigners can possess a hundred% of Azerbaijani organizations.
There isn't a minimum money need for LLCs.
Take into account employing an area lawful or business consultant for aid with language and documentation.
Azerbaijan solutions firm registration and permits and many others