Registering a business in Azerbaijan is a comparatively streamlined approach designed to draw in both of those neighborhood and overseas investment decision. Irrespective of whether you’re an entrepreneur or perhaps a foreign investor, knowledge the lawful procedures, demands, and documentation is vital. Here's a move-by-step manual:
Phase one: Opt for the sort of Business Entity
The most common types of enterprise entities in Azerbaijan incorporate:
Minimal Legal responsibility Enterprise (LLC) – most widely used for tiny to medium-sized businesses.
Joint Stock Enterprise (JSC)
Department or Agent Office
Person Entrepreneur (for sole proprietors)
For most foreign and local companies, LLC is the preferred construction as a result of versatility and restricted liability.
Stage 2: Choose a corporation Identify
Pick out a novel enterprise identify and validate its corporation registration in azerbaija availability from the Ministry of Overall economy’s on the net portal or for the Just one-Halt Store centers. The title should not conflict with existing businesses and must adjust to naming polices.
Action three: Put together the Required Documents
You will need to get ready and post the subsequent paperwork:
Application Form (is usually crammed on the web)
Charter of the organization (in Azerbaijani)
Choice from the Founders (concerning institution and director appointment)
Id paperwork of founders and director (copyright copies for individuals, registration paperwork for authorized entities)
Proof of legal handle (lease arrangement or ownership certificate)
Notarized Ability of Legal professional (if utilizing a consultant)
For foreign founders, all files have to be notarized and apostilled or legalized dependant upon the region of origin.
Stage four: Post the Documents
Enterprise registration is managed through the Ministry of Economic climate’s Point out Tax Assistance. You'll be able to register by using:
One particular-Quit Store provider centers
On line Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Provider Centers (for register llc in azerbaijan sure services)
The moment the application and files are submitted, registration will likely be accomplished inside one–3 company times.
Stage five: Receive Tax Identification Quantity (TIN)
As Element of the registration approach, your company will instantly get a Tax Identification Amount (TIN). You will also be registered for VAT If the turnover exceeds the authorized threshold (currently two hundred,000 AZN/year), or chances are you'll voluntarily register for VAT.
Action 6: Open up a Bank Account
Immediately after registration, open a company bank account with a local lender in Azerbaijan. You will want:
Business registration certificate
Firm constitution
TIN
copyright and evidence of tackle of directors
Signature samples and other varieties required with the bank
Phase seven: Register for Social Insurance plan
All businesses ought to register Together with the State Social Safety Fund to report and pay back worker social insurance plan contributions.
Action 8: Get started Enterprise Operations
When all registrations are entire, such as banking account setup and tax/social insurance policy registration, your business is totally approved to operate in Azerbaijan.
Added Tips:
Foreigners can very own a hundred% of Azerbaijani businesses.
There is absolutely no minimum money prerequisite for LLCs.
Take into consideration employing a neighborhood lawful or company marketing consultant for aid with language and documentation.
Azerbaijan solutions organization registration and permits etc