Registering a company in Azerbaijan is a relatively streamlined course of action created to catch the attention of equally regional and international financial commitment. No matter if you’re an entrepreneur or simply a foreign Trader, comprehension the authorized treatments, specifications, and documentation is important. Here's a action-by-action guideline:
Action one: Opt for the sort of Company Entity
The most typical types of enterprise entities in Azerbaijan include things like:
Confined Legal responsibility Firm (LLC) – most favored for modest to medium-sized corporations.
Joint Stock Enterprise (JSC)
Department or Consultant Business office
Unique Entrepreneur (for sole proprietors)
For the majority of international and local businesses, LLC is the preferred composition as a consequence of adaptability and minimal legal responsibility.
Phase 2: Decide on an organization Identify
Select a singular corporation title and validate its corporation registration in azerbaija availability throughout the Ministry of Economic system’s online portal or at the A person-Halt Store facilities. The title will have to not conflict with current companies and must adjust to naming polices.
Phase three: Prepare the Expected Paperwork
You have got to prepare and submit the subsequent files:
Software Kind (might be crammed on the web)
Charter of the corporation (in Azerbaijani)
Decision on the Founders (pertaining to establishment and director appointment)
Id files of founders and director (copyright copies for people, registration paperwork for authorized entities)
Proof of legal handle (lease settlement or ownership certification)
Notarized Ability of Attorney (if utilizing a representative)
For international founders, all paperwork have to be notarized and apostilled or legalized according to the region of origin.
Phase four: Submit the Paperwork
Corporation registration is dealt with with the Ministry of Economic climate’s State Tax Service. You could register by using:
Just one-End Shop assistance facilities
On the net Portal: https://www.e-taxes.gov.az (Azerbaijani language interface)
Asan Support Centers (for specified services)
The moment the application and documents are submitted, registration How to register a company in azerbaijan is often completed inside of one–3 business times.
Stage five: Get Tax Identification Amount (TIN)
As Section of the registration procedure, your organization will instantly get a Tax Identification Number (TIN). Additionally, you will be registered for VAT When your turnover exceeds the legal threshold (at present two hundred,000 AZN/year), or chances are you'll voluntarily register for VAT.
Move 6: Open up a Bank Account
After registration, open a company checking account with an area financial institution in Azerbaijan. You will want:
Business registration certification
Business charter
TIN
copyright and evidence of address of directors
Signature samples along with other sorts expected via the lender
Move 7: Sign up for Social Insurance policy
All providers need to sign up With all the Point out Social Safety Fund to report and fork out worker social coverage contributions.
Phase 8: Begin Business enterprise Operations
At the time all registrations are full, together with bank account set up and tax/social insurance registration, your organization is thoroughly authorized to function in Azerbaijan.
Supplemental Ideas:
Foreigners can individual 100% of Azerbaijani firms.
There is not any minimal capital need for LLCs.
Take into account using the services of an area lawful or company guide for guidance with language and documentation.
Azerbaijan products and services company registration and permits and so forth