Registering a company in Azerbaijan is a relatively streamlined approach designed to entice both of those nearby and overseas investment decision. No matter if you’re an entrepreneur or a international investor, being familiar with the legal methods, necessities, and documentation is essential. Here is a phase-by-action guideline:
Step 1: Decide on the sort of Business Entity
The most typical types of organization entities in Azerbaijan contain:
Confined Liability Enterprise (LLC) – most popular for compact to medium-sized firms.
Joint Inventory Firm (JSC)
Department or Agent Business
Individual Entrepreneur (for sole proprietors)
For most foreign and local companies, LLC is the preferred structure because of versatility and restricted liability.
Stage 2: Make a decision on an organization Title
Pick out a unique corporation identify and validate its corporation registration in azerbaija availability in the Ministry of Financial state’s on-line portal or with the 1-Halt Shop centers. The title have to not conflict with current companies and have to adjust to naming laws.
Phase 3: Get ready the Expected Files
You have got to put together and submit the following documents:
Software Sort (is often crammed on the web)
Charter of the organization (in Azerbaijani)
Choice of the Founders (regarding institution and director appointment)
Identity documents of founders and director (copyright copies for individuals, registration documents for lawful entities)
Proof of legal deal with (lease settlement or possession certification)
Notarized Electric power of Lawyer (if utilizing a representative)
For overseas founders, all paperwork should be notarized and apostilled or legalized according to the region of origin.
Phase 4: Post the Paperwork
Organization registration is dealt with with the Ministry of Economy’s Condition Tax Provider. You may sign up by means of:
One-Halt Store assistance facilities
On the internet Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Services Facilities (for specified products and services)
At the time the appliance and paperwork are submitted, registration is normally completed in just 1–3 small business days.
Stage 5: Attain Tax Identification Variety (TIN)
As A part of the registration process, your organization will instantly receive a Tax Identification Variety (TIN). You will also be registered for VAT In the event your turnover exceeds the authorized threshold (currently two hundred,000 AZN/year), or it's possible you'll voluntarily sign-up for VAT.
Stage six: Open a Banking account
Soon after registration, open a company checking account with a neighborhood financial institution in Azerbaijan. You will need:
Enterprise registration certificate
Enterprise charter
TIN
copyright and proof of tackle of directors
Signature samples and various kinds required because of the bank
Action 7: Sign-up for Social Insurance coverage
All corporations should sign-up with the Condition Social Security Fund to report and pay out staff social insurance coverage contributions.
Action 8: Commence Business enterprise Operations
Once all registrations are comprehensive, together with checking account set up and tax/social coverage registration, your company is absolutely How to register a company in azerbaijan authorized to function in Azerbaijan.
Additional Ideas:
Foreigners can have 100% of Azerbaijani firms.
There is no bare minimum cash necessity for LLCs.
Take into account hiring a local authorized or business expert for guidance with language and documentation.
Azerbaijan services organization registration and permits and so forth