Registering a firm in Azerbaijan is a comparatively streamlined method meant to draw in both of those local and overseas expense. Whether you’re an entrepreneur or possibly a overseas investor, comprehension the lawful strategies, needs, and documentation is essential. Here's a stage-by-action guideline:
Move 1: Select the kind of Organization Entity
The commonest varieties of business entities in Azerbaijan consist of:
Minimal Liability Business (LLC) – most widely used for little to medium-sized corporations.
Joint Inventory Enterprise (JSC)
Department or Agent Workplace
Personal Entrepreneur (for sole proprietors)
For many international and local firms, LLC is the popular framework resulting from adaptability and confined legal responsibility.
Move two: Decide on a Company Name
Select a unique company name and validate its enterprise registration in azerbaija availability in the Ministry of Overall economy’s on the net portal or on the One particular-Quit Shop centers. The title need to not conflict with existing companies and should adjust to naming restrictions.
Action three: Put together the Required Paperwork
You need to prepare and submit the following documents:
Software Form (is usually loaded on the net)
Constitution of the business (in Azerbaijani)
Determination on 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 authorized deal with (lease agreement or possession certificate)
Notarized Ability of Legal professional (if employing a agent)
For international founders, all documents must be notarized and apostilled or legalized based on the country of origin.
Step four: Submit the Documents
Company registration is managed with the Ministry of Economic system’s State Tax Company. You can sign up through:
1-Quit Store support centers
On-line Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Services Centers (for specific expert services)
After the appliance and documents are submitted, registration is frequently accomplished within one–3 company days.
Step five: Get Tax Identification Quantity (TIN)
As Element of the registration approach, your company will mechanically receive a Tax Identification Selection (TIN). Additionally, you will be registered for VAT if your turnover exceeds the lawful threshold (at the moment 200,000 AZN/12 months), or it's possible you'll voluntarily sign up for VAT.
Phase 6: Open up a Bank Account
Immediately after registration, open a company checking account with an area financial institution in Azerbaijan. You will need:
Corporation registration certificate
Corporation charter
TIN
copyright and evidence of address of administrators
Signature samples as well as other sorts necessary via the financial institution
Move 7: Sign up for Social Insurance coverage
All providers need to sign up With all the Point out Social Defense Fund to report and shell out staff social insurance policy contributions.
Move 8: Start out Business Functions
Once all registrations are full, including checking account set up and tax/social insurance coverage registration, your organization is absolutely approved to function in Azerbaijan.
Additional Ideas:
Foreigners can have 100% of Azerbaijani firms.
There is not any company registration in azerbaija minimal funds need for LLCs.
Think about choosing an area legal or organization marketing consultant for assistance with language and documentation.
Azerbaijan products and services business registration and permits etcetera