Registering a firm in Azerbaijan is a comparatively streamlined course of action created to catch the attention of each regional and overseas investment decision. Irrespective of whether you’re an entrepreneur or a foreign investor, knowledge the lawful procedures, demands, and documentation is vital. Here's a step-by-stage guideline:
Phase one: Pick out the sort of Company Entity
The most typical kinds of small business entities in Azerbaijan involve:
Limited Liability Business (LLC) – hottest for modest to medium-sized firms.
Joint Inventory Corporation (JSC)
Department or Agent Office
Individual Entrepreneur (for sole proprietors)
For the majority of overseas and native businesses, LLC is the preferred composition as a result of versatility and constrained legal responsibility.
Phase two: Choose a business Title
Decide on a singular firm title and confirm its firm registration in azerbaija availability throughout the Ministry of Financial system’s on the web portal or for the Just one-Halt Store facilities. The name ought to not conflict with current firms and ought to adjust to naming rules.
Stage 3: Prepare the Required Files
You must get ready and submit the following documents:
Software Variety (is often crammed on the internet)
Constitution of the Company (in Azerbaijani)
Selection from the Founders (concerning establishment and director appointment)
Identification paperwork of founders and director (copyright copies for people, registration documents for legal entities)
Evidence of lawful tackle (lease agreement or possession certification)
Notarized Electricity of Attorney (if using a agent)
For international founders, all documents must be notarized and apostilled or legalized depending on the state of origin.
Action 4: Submit the Files
Business registration is dealt with via the Ministry of Financial state’s Condition Tax Support. You can sign up through:
1-Stop Shop service facilities
On-line Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Service Facilities (for specific services)
The moment the appliance and documents are submitted, registration is frequently accomplished within one–3 company days.
Move 5: Get Tax Identification Variety (TIN)
As part of the registration approach, your business will mechanically receive a Tax Identification Selection (TIN). Additionally, you will be registered for VAT Should your turnover exceeds the authorized threshold (at this time 200,000 AZN/calendar year), or chances are you'll voluntarily sign up for VAT.
Action 6: Open a Banking account
Just after registration, open a company bank account with a local financial institution in Azerbaijan. You will need:
Firm registration certificate
Corporation constitution
TIN
copyright and evidence of deal with of administrators
Signature samples along with other sorts essential by the financial institution
Step seven: Register for Social Insurance plan
All businesses ought to register Along with the Condition Social Security Fund to report and shell out employee social insurance policies contributions.
Step eight: Get started Enterprise Operations
When all registrations are finish, together with bank account set up register llc in azerbaijan and tax/social insurance coverage registration, your organization is completely licensed to operate in Azerbaijan.
Added Tips:
Foreigners can individual a hundred% of Azerbaijani companies.
There isn't any minimum amount capital requirement for LLCs.
Think about employing a neighborhood authorized or enterprise specialist for guidance with language and documentation.
Azerbaijan products and services firm registration and permits etc