Registering a company in Azerbaijan is a comparatively streamlined process made to attract both equally local and foreign investment. Irrespective of whether you’re an entrepreneur or even a international investor, comprehending the legal processes, specifications, and documentation is crucial. Here is a phase-by-action information:
Step 1: Opt for the kind of Enterprise Entity
The most common types of organization entities in Azerbaijan incorporate:
Confined Legal responsibility Company (LLC) – most favored for smaller to medium-sized enterprises.
Joint Stock Firm (JSC)
Branch or Consultant Place of work
Unique Entrepreneur (for sole proprietors)
For some foreign and local companies, LLC is the preferred framework as a result of flexibility and confined legal responsibility.
Move 2: Make a decision on a firm Identify
Decide on a singular enterprise identify and validate its company registration in azerbaija availability in the Ministry of Economic climate’s on the web portal or in the A person-Cease Store centers. The title must not conflict with existing firms and should comply with naming regulations.
Step 3: Prepare the Expected Files
You will have to put together and submit the subsequent paperwork:
Software Sort (is often loaded on line)
Constitution of the business (in Azerbaijani)
Conclusion of your Founders (pertaining to institution and director appointment)
Identity paperwork of founders and director (copyright copies for people, registration files for lawful entities)
Proof of legal address (lease arrangement or ownership certificate)
Notarized Electrical power of Attorney (if using a representative)
For foreign founders, all paperwork should be notarized How to register a company in azerbaijan and apostilled or legalized depending upon the place of origin.
Phase 4: Submit the Documents
Organization registration is managed through the Ministry of Financial system’s Condition Tax Company. It is possible to sign-up by means of:
Just one-Prevent Store support centers
On line Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Assistance Centers (for certain providers)
When the application and files are submitted, registration is often completed within just 1–three company times.
Action 5: Receive Tax Identification Selection (TIN)
As Component of the registration course of action, your business will instantly receive a Tax Identification Quantity (TIN). Additionally, you will be registered for VAT In the event your turnover exceeds the legal threshold (now two hundred,000 AZN/12 months), or it's possible you'll voluntarily sign-up for VAT.
Move six: Open a Checking account
Right after registration, open up a company checking account with an area lender in Azerbaijan. You'll need:
Company registration certificate
Corporation charter
TIN
copyright and proof of deal with of administrators
Signature samples together with other kinds essential through the lender
Step seven: Register for Social Insurance policies
All organizations ought to sign-up Using the State Social Security Fund to report and shell out worker social insurance policies contributions.
Stage 8: Start out Company Functions
Once all registrations are total, such as checking account set up and tax/social insurance plan registration, your organization is absolutely authorized to function in Azerbaijan.
More Ideas:
Foreigners can possess 100% of Azerbaijani companies.
There is absolutely no minimum amount money prerequisite for LLCs.
Take into account hiring a local authorized or organization guide for assistance with language and documentation.
Azerbaijan providers firm registration and permits and many others