Registering a business in Azerbaijan is a comparatively streamlined procedure built to entice both equally local and overseas expenditure. Whether you’re an entrepreneur or possibly a overseas Trader, comprehending the authorized treatments, requirements, and documentation is crucial. Here is a action-by-move guide:
Move 1: Pick the kind of Small business Entity
The commonest varieties of business entities in Azerbaijan consist of:
Restricted Liability Organization (LLC) – most favored for smaller to medium-sized enterprises.
Joint Stock Organization (JSC)
Branch or Consultant Business office
Particular person Entrepreneur (for sole proprietors)
For some overseas and native corporations, LLC is the popular framework resulting from adaptability and confined liability.
Stage 2: Decide on a Company Name
Pick a singular firm name and verify its company registration in azerbaija availability with the Ministry of Overall economy’s on the net portal or with the One particular-Cease Shop facilities. The title ought to not conflict with existing businesses and must comply with naming rules.
Phase 3: Prepare the Demanded Paperwork
You will have to get ready and post the next paperwork:
Application Type (can be loaded on the web)
Charter of the Company (in Azerbaijani)
Determination of your Founders (regarding institution and director appointment)
Id files of founders and director (copyright copies for people, registration files for authorized entities)
Proof of legal handle (lease settlement or ownership certification)
Notarized Power of Lawyer (if utilizing a consultant)
For foreign founders, all documents should be notarized and apostilled or legalized dependant upon the place of origin.
Step four: Post the Documents
Firm registration is dealt with via the Ministry of Economic system’s State Tax Service. You could sign-up by way of:
One-Halt Shop service facilities
On the web Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Services Facilities (for specified providers)
Once the applying and documents are submitted, registration will likely be completed in just 1–three organization times.
Move 5: Obtain Tax Identification Quantity (TIN)
As Section of the registration procedure, your business will instantly get a Tax Identification Variety (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 register for VAT.
Action 6: Open up a Bank Account
Just after registration, open up a company checking account with an area financial institution in Azerbaijan. You will want:
Firm registration certification
Firm charter
TIN
copyright and evidence of deal with of administrators
Signature samples and also other kinds demanded through the lender
Stage seven: Register for Social Insurance policies
All companies have to register Together with the Condition Social Safety Fund to report and pay worker social coverage contributions.
Stage eight: Get started Company Functions
Once all registrations are full, together with bank account set up and tax/social insurance coverage registration, your company is completely authorized to function in Azerbaijan.
More Tips:
Foreigners can possess a hundred% of Azerbaijani organizations.
There is not any minimal funds need for LLCs.
Think about employing a neighborhood lawful company registration in azerbaija or company specialist for aid with language and documentation.
Azerbaijan services organization registration and permits and many others