Registering a company in Azerbaijan is a comparatively streamlined procedure built to entice equally nearby and overseas investment decision. Irrespective of whether you’re an entrepreneur or perhaps a overseas investor, comprehension the lawful treatments, specifications, and documentation is essential. Here's a step-by-stage information:
Action one: Select the kind of Organization Entity
The commonest forms of company entities in Azerbaijan contain:
Limited Liability Organization (LLC) – most popular for little to medium-sized companies.
Joint Stock Organization (JSC)
Branch or Consultant Business office
Particular person Entrepreneur (for sole proprietors)
For some overseas and native businesses, LLC is the preferred construction as a result of overall flexibility and minimal legal responsibility.
Action two: Make a decision on a firm Identify
Opt for a unique business name and verify its business registration in azerbaija availability with the Ministry of Economic system’s on the internet portal or on the A single-Cease Shop centers. The name must not conflict with current corporations and ought to adjust to naming rules.
Move three: Get ready the Demanded Files
You will need to prepare and post the following documents:
Application Type (may be filled online)
Constitution of the corporation (in Azerbaijani)
Final decision with the Founders (with regards to establishment and director appointment)
Identity documents of founders and director (copyright copies for people, registration files for authorized entities)
Proof of legal handle (lease agreement or ownership certification)
Notarized Electric power of Lawyer (if using a agent)
For overseas founders, all files should be notarized and apostilled or legalized according to the nation of origin.
Move four: Submit the Documents
Enterprise registration is managed through the Ministry company registration in azerbaija of Economic climate’s State Tax Company. You'll be able to sign-up via:
A single-Quit Store service centers
Online Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Support Facilities (for specified companies)
When the appliance and documents are submitted, registration is usually done in 1–three small business days.
Step five: Get Tax Identification Number (TIN)
As Component of the registration course of action, your company will quickly get a Tax Identification Quantity (TIN). You will also be registered for VAT Should your turnover exceeds the lawful threshold (presently 200,000 AZN/12 months), or chances are you'll voluntarily sign-up for VAT.
Action 6: Open up a Checking account
Right after registration, open a corporate bank account with a neighborhood bank in Azerbaijan. You will want:
Business registration certification
Business constitution
TIN
copyright and proof of tackle of directors
Signature samples and also other forms expected from the lender
Step seven: Register for Social Insurance policies
All companies have to sign up Together with the State Social Defense Fund to report and pay worker social coverage contributions.
Stage eight: Start Organization Functions
When all registrations are entire, together with checking account set up and tax/social insurance coverage registration, your organization is absolutely authorized to function in Azerbaijan.
Additional Suggestions:
Foreigners can individual 100% of Azerbaijani organizations.
There isn't a minimum funds requirement for LLCs.
Take into account hiring a neighborhood lawful or company guide for assistance with language and documentation.
Azerbaijan solutions firm registration and permits etcetera