Registering a company in Azerbaijan is a relatively streamlined approach made to bring in the two local and international expenditure. No matter whether you’re an entrepreneur or possibly a foreign Trader, comprehending the authorized treatments, needs, and documentation is essential. Here's a step-by-step manual:
Move 1: Choose the kind of Small business Entity
The commonest varieties of small business entities in Azerbaijan incorporate:
Restricted Legal responsibility Corporation (LLC) – most favored for compact to medium-sized firms.
Joint Inventory Company (JSC)
Branch or Representative Workplace
Personal Entrepreneur (for sole proprietors)
For many international and native firms, LLC is the popular framework on account of overall flexibility and minimal legal responsibility.
Action two: Make a decision on a firm Title
Decide on a singular firm title and confirm its organization registration in azerbaija availability with the Ministry of Financial system’s on-line portal or on the A single-Cease Shop centers. The name must not conflict with present enterprises and will have to adjust to naming restrictions.
Phase 3: Prepare the Needed Files
You have got to get ready and post the next documents:
Application Kind (could be crammed on the net)
Constitution of the business (in Azerbaijani)
Selection from the Founders (concerning institution and director appointment)
Id paperwork of founders and director (copyright copies for individuals, registration documents for lawful entities)
Evidence of authorized address (lease settlement or ownership certification)
Notarized Ability of Legal professional (if utilizing a consultant)
For company registration in azerbaija foreign founders, all files need to be notarized and apostilled or legalized dependant upon the place of origin.
Phase 4: Post the Paperwork
Business registration is taken care of because of the Ministry of Financial system’s State Tax Service. You could sign-up by way of:
One-Halt Shop support facilities
On the internet Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Services Facilities (for specified solutions)
At the time the appliance and documents are submitted, registration will likely be accomplished inside one–3 business times.
Step five: Get Tax Identification Number (TIN)
As Component of the registration procedure, your business will routinely receive a Tax Identification Range (TIN). You will also be registered for VAT In the event your turnover exceeds the authorized threshold (currently 200,000 AZN/yr), or you could voluntarily sign-up for VAT.
Action 6: Open up a Bank Account
Just after registration, open a company checking account with an area financial institution in Azerbaijan. You will require:
Enterprise registration certification
Organization constitution
TIN
copyright and proof of handle of directors
Signature samples and various kinds required with the bank
Phase seven: Sign-up for Social Insurance policy
All firms will have to sign up Using the Condition Social Protection Fund to report and shell out employee social insurance policies contributions.
Step 8: Start out Company Operations
After all registrations are total, like banking account setup and tax/social insurance plan registration, your company is completely licensed to operate in Azerbaijan.
Added Strategies:
Foreigners can very own a hundred% of Azerbaijani companies.
There's no least money prerequisite for LLCs.
Look at employing an area lawful or company specialist for aid with language and documentation.
Azerbaijan solutions firm registration and permits etcetera