Registering a firm in Azerbaijan is a comparatively streamlined procedure meant to entice equally area and foreign financial commitment. No matter whether you’re an entrepreneur or even a overseas investor, comprehension the authorized techniques, prerequisites, and documentation is essential. Here is a phase-by-phase guideline:
Move 1: Pick the sort of Enterprise Entity
The most typical sorts of business enterprise entities in Azerbaijan incorporate:
Minimal Legal responsibility Company (LLC) – most favored for compact to medium-sized businesses.
Joint Stock Business (JSC)
Branch or Consultant Place of work
Specific Entrepreneur (for sole proprietors)
For the majority of overseas and native businesses, LLC is the preferred construction resulting from flexibility and limited liability.
Action two: Decide on a business Identify
Opt for a novel corporation title and confirm its firm registration in azerbaija availability in the Ministry of Financial state’s on line portal or within the One-End Shop centers. The name need to not conflict with existing companies and have to adjust to naming rules.
Phase 3: Prepare the Required Files
You must get ready and post the next documents:
Application Variety (is usually crammed on the web)
Charter of the organization (in Azerbaijani)
Determination from the Founders (with regards to establishment and director appointment)
Identity documents of founders and director (copyright copies for individuals, registration files for authorized entities)
Proof of legal handle (lease arrangement or ownership certificate)
Notarized Ability of Legal professional (if utilizing a representative)
For overseas founders, all files have to be notarized and apostilled or legalized with regards to the region of origin.
Action 4: Post the Files
Organization registration is handled with the Ministry of Economic system’s State Tax Service. You could sign-up by way of:
A person-Halt Shop service facilities
On the internet Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Service Facilities (for specific solutions)
At the time the appliance and documents are submitted, registration is frequently accomplished within just 1–three enterprise times.
Stage 5: Attain Tax Identification Variety (TIN)
As A part of the registration process, your organization will immediately get a Tax Identification Amount (TIN). Additionally, you will be registered for VAT When your turnover exceeds the legal threshold (at this time 200,000 AZN/calendar year), or you could possibly voluntarily register for VAT.
Move 6: Open a Banking account
Right after registration, open up a corporate banking account with a local financial institution in Azerbaijan. You will need:
Corporation registration certificate
Corporation charter
TIN
copyright and evidence of address of administrators
Signature samples as well as other varieties needed because of the bank
Action 7: Sign-up for register llc in azerbaijan Social Insurance
All firms must sign-up While using the Condition Social Safety Fund to report and fork out worker social insurance plan contributions.
Move 8: Commence Business enterprise Operations
Once all registrations are comprehensive, which includes bank account setup and tax/social insurance registration, your company is thoroughly authorized to function in Azerbaijan.
More Suggestions:
Foreigners can possess a hundred% of Azerbaijani businesses.
There is absolutely no minimum money prerequisite for LLCs.
Take into consideration employing a neighborhood authorized or organization consultant for support with language and documentation.
Azerbaijan expert services company registration and permits and so on