Registering a firm in Azerbaijan is a comparatively streamlined method meant to draw in both of those nearby and international investment. No matter whether you’re an entrepreneur or simply a foreign investor, comprehension the authorized strategies, specifications, and documentation is important. Here's a action-by-phase guideline:
Move 1: Pick out the kind of Small business Entity
The commonest forms of company entities in Azerbaijan contain:
Constrained Legal responsibility Corporation (LLC) – most widely used for small to medium-sized enterprises.
Joint Stock Firm (JSC)
Department or Representative Business
Specific Entrepreneur (for sole proprietors)
For some overseas and native enterprises, LLC is the popular framework as a consequence of versatility and confined liability.
Action two: Decide on an organization Title
Pick a singular firm title and confirm its organization registration in azerbaija availability throughout the Ministry of Financial system’s on the web portal or with the Just one-End Store centers. The identify ought to not conflict with current firms and ought to adjust to naming restrictions.
Action 3: Prepare the Needed Documents
You will need to get ready and post the next paperwork:
Application Form (might be loaded on line)
Constitution of the Company (in Azerbaijani)
Selection from the Founders (with regards to establishment and director appointment)
Identity documents of founders and director (copyright copies for people, registration paperwork for authorized entities)
Proof of lawful tackle (lease arrangement or ownership certification)
Notarized Electric power of Lawyer (if using a representative)
For overseas founders, all paperwork has to be notarized and apostilled or legalized according to the nation of origin.
Step four: Submit the Documents
Organization registration is dealt with from the Ministry of Financial state’s Condition Tax Support. You are able to sign up by means of:
A single-Quit Store provider centers
On line Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Provider Centers (for sure expert services)
When the application and paperwork are submitted, registration is normally completed within just 1–three organization days.
Action five: Receive Tax Identification Quantity (TIN)
As Element of the registration approach, your company will quickly get a Tax Identification Amount (TIN). You will also be registered for VAT If the turnover exceeds the legal threshold (now 200,000 AZN/calendar year), or you could possibly voluntarily sign-up for VAT.
Stage six: Open a Banking account
Soon after registration, open a company bank account with a neighborhood bank in Azerbaijan. You will require:
Business registration certificate
Corporation charter
TIN
copyright and evidence of tackle How to register a company in azerbaijan of directors
Signature samples together with other types demanded through the lender
Stage seven: Register for Social Insurance policies
All companies have to register Together with the Point out Social Safety Fund to report and pay back worker social insurance plan contributions.
Step eight: Get started Enterprise Operations
When all registrations are complete, like banking account setup and tax/social insurance policies registration, your organization is totally approved to work in Azerbaijan.
Further Recommendations:
Foreigners can own one hundred% of Azerbaijani corporations.
There isn't any bare minimum cash requirement for LLCs.
Take into account using the services of a local authorized or small business consultant for support with language and documentation.
Azerbaijan expert services company registration and permits and so on