Registering a corporation in Azerbaijan is a relatively streamlined approach designed to appeal to both neighborhood and overseas expenditure. Whether you’re an entrepreneur or even a international Trader, understanding the legal techniques, prerequisites, and documentation is essential. Here is a move-by-phase tutorial:
Move one: Select the Type of Organization Entity
The commonest kinds of small business entities in Azerbaijan involve:
Limited Liability Business (LLC) – hottest for modest to medium-sized enterprises.
Joint Inventory Company (JSC)
Branch or Representative Place of work
Specific Entrepreneur (for sole proprietors)
For the majority of international and native corporations, LLC is the popular composition as a result of overall flexibility and confined liability.
Stage two: Make a decision on a firm Identify
Opt for a novel corporation name and validate its enterprise registration in azerbaija availability in the Ministry of Financial state’s on the web portal or for the One-Stop Store facilities. The identify ought to not conflict with current firms and have to comply with naming laws.
Stage 3: Put together the Essential Documents
You will need to get ready and post the next paperwork:
Application Form (can be filled on the internet)
Constitution of the corporation (in Azerbaijani)
Choice of your Founders (about establishment and director appointment)
Identity files of founders and director (copyright copies for individuals, registration documents for authorized entities)
Proof of legal address (lease agreement or ownership certificate)
Notarized Ability of Lawyer (if using a consultant)
For foreign founders, all paperwork must be notarized register llc in azerbaijan and apostilled or legalized dependant upon the state of origin.
Action 4: Submit the Files
Business registration is handled by the Ministry of Economy’s Point out Tax Provider. You are able to register by using:
Just one-Cease Shop company facilities
On-line Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Service Facilities (for specific services)
At the time the appliance and paperwork are submitted, registration will likely be concluded within one–three business enterprise times.
Phase 5: Get hold of Tax Identification Amount (TIN)
As part of the registration course of action, your organization will immediately get a Tax Identification Amount (TIN). Additionally, you will be registered for VAT When your turnover exceeds the legal threshold (at this time 200,000 AZN/calendar year), or you could voluntarily register for VAT.
Step 6: Open a Banking account
Following registration, open a company bank account with an area bank in Azerbaijan. You'll need:
Company registration certification
Business constitution
TIN
copyright and proof of handle of directors
Signature samples and other varieties needed because of the bank
Action 7: Sign up for Social Insurance policy
All providers have to sign up With all the Point out Social Defense Fund to report and pay worker social insurance plan contributions.
Stage eight: Start Organization Functions
When all registrations are entire, which includes banking account setup and tax/social insurance policies registration, your business is completely approved to operate in Azerbaijan.
Further Recommendations:
Foreigners can personal one hundred% of Azerbaijani providers.
There's no least capital necessity for LLCs.
Take into consideration employing a neighborhood lawful or small business expert for assistance with language and documentation.
Azerbaijan services firm registration and permits etcetera