Registering a company in Azerbaijan is a comparatively streamlined approach created to draw in both of those community and foreign investment decision. Irrespective of whether you’re an entrepreneur or maybe a overseas Trader, comprehending the lawful procedures, demands, and documentation is crucial. Here's a phase-by-stage guideline:
Action one: Choose the kind of Business enterprise Entity
The commonest varieties of company entities in Azerbaijan contain:
Constrained Legal responsibility Corporation (LLC) – most widely used for small to medium-sized enterprises.
Joint Stock Enterprise (JSC)
Department or Agent Office
Person Entrepreneur (for sole proprietors)
For most international and native firms, LLC is the popular framework resulting from adaptability and confined legal responsibility.
Move two: Determine a corporation Identify
Pick out a singular company name and verify its enterprise registration in azerbaija availability throughout the Ministry of Financial system’s on the net portal or for the Just one-Halt Store facilities. The title have to not conflict with current organizations and ought to comply with naming rules.
Stage 3: Put together the Essential Paperwork
You have got to get ready and submit the following paperwork:
Application Form (is usually loaded on the net)
Constitution of the corporate (in Azerbaijani)
Choice in the Founders (relating to institution and director appointment)
Identity files of founders and director (copyright copies for individuals, registration documents for lawful entities)
Proof of legal address (lease agreement or ownership certificate)
Notarized Ability of Legal professional (if employing a representative)
For overseas founders, all paperwork need to be notarized and apostilled or legalized depending upon the state of origin.
Action 4: Submit the Files
Firm registration is dealt with from the Ministry of Economy’s Point out Tax Provider. You'll be able to register by using:
A person-End Shop services facilities
On line Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Support Centers (for sure expert services)
When the application and files register llc in azerbaijan are submitted, registration is often finished in just one–3 small business times.
Stage five: Get hold of Tax Identification Amount (TIN)
As part of the registration system, your organization will immediately get a Tax Identification Amount (TIN). You will also be registered for VAT If the turnover exceeds the legal threshold (now two hundred,000 AZN/yr), or you could voluntarily sign up for VAT.
Phase six: Open up a Banking account
Right after registration, open up a corporate banking account with a neighborhood bank in Azerbaijan. You will require:
Business registration certification
Business constitution
TIN
copyright and proof of tackle of directors
Signature samples and also other forms expected from the lender
Step seven: Sign up for Social Insurance policy
All providers must sign up Using the Condition Social Security Fund to report and shell out staff social insurance contributions.
Phase eight: Begin Small business Operations
After all registrations are complete, like banking account setup and tax/social insurance policies registration, your business is completely licensed to operate in Azerbaijan.
Further Strategies:
Foreigners can personal one hundred% of Azerbaijani companies.
There is absolutely no minimum amount capital prerequisite for LLCs.
Consider selecting an area legal or enterprise guide for assistance with language and documentation.
Azerbaijan providers corporation registration and permits and so on