How to open a company and start business in Azerbaijan? How to open LLC in Azerbaijan?
Azerbaijan is a democratic republic, with a well-known and rich history, culture, legacy, natural resources like petroleum & gas. Located between Asia and Europe and with important neighbours like Russia, Turkey, Georgia and Iran, also sea exits to the Caspian Sea with Kazakhstan and Turkmenistan as a sea-border neighbours.
Day by day Azerbaijan proves and strenghtens it's position on the international arena by rapid economic development by liberalization of many processes, like legal, financial, social and procedural. Fast development made Azerbaijan a country with potential and a stable economy which attracts investors worldwide interested in discovering forceful industries to generate money.
Famous international rating Doing Business rated Azerbaijan as 34 among 190 countries in their last report (Doing Business 2020).
Among sectors with full growth potential agriculture, tourism, the petroleum industry, energy, and manufacturing, where entrepreneurs can establish their companies and activities.
Foreign investors who want to start a business in Azerbaijan can choose between the following variants:
Choosing the type of entity should be considered before starting the incorporation procedure. As a Lawyer in Azerbaijan (Baku) I can assist you to set up businesses in Azerbaijan and help to choose an appropriate business form.
Just like in any other country, the company setup process in Azerbaijan must be completed by following a few simple steps. These are:
Upon formal registration, the following steps must be taken before the actual start of business operations in Azerbaijan:
The Following documents and steps are necessary to complete formal registration of the company:
All of these documents must be submitted to the Legal Entity Registration Department of the State Taxes Service.
During 5 working days your application is being reviewed by the State Tax Service and after that by using this link you can check whether your firm is ready.
After a company is being set up, a few months after the company registration in Azerbaijan, it is required to get in touch with the Tax Service to declare the profits of the entity.
Practically only a passport is required from a foreign citizen to open a company in Azerbaijan. We will prepare all the documents on behalf of the shareholder (or founder) of the company in order to set-up business, register a company in Azerbaijan, open bank accounts, get ASAN imza & etc.
If you want to start a business in Azerbaijan it is quite simple to incorporate the selected legal entity. Just call us!
#foreign companies in azerbaijan # development of oil and gas industry of azerbaijan # oil and gas companies in azerbaijan # startup azerbaijan # wht # azerbaijan companies # law firm in baku # law firm in Azerbaijan # open company in azerbaijan