Company Formation and Business Setup in Baku, Azerbaijan

When setting up and registering a business in Azerbaijan, unless you are acquainted with the rules and regulations, you might face  certain challenges.

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If the documents are properly prepared, LLC’s in Azerbaijan can be established fairly quickly.

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Azerbaijan laws and regulations allow 100% foreign ownership and there is no requirement for any minimal amount for the company initial share capital.

 

Legal Forms of Companies:

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• Sole proprietorship

• Private Limited Company

• Public Limited Company

• General partnership

• Limited partnership

Here are the documents required in order to register Limited Liability Company (LLC) in Azerbaijan:

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• Notarized Ministry of Taxes Legal Entity Registration Application Form

• Completing the forms (in Azerbaijani language)Incorporation documents

• Passport copies of the founders, if citizens of Azerbaijan – local ID’s

 

Our offices can assist as well with the preparation of the company seal, obtaining of electronic signature for online registration - ASAN Imza for the company, preparation of employment agreements for the director and the employees, opening corporate bank account.

What is an ASAN Imza?

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ASAN Imza is an electronic signature. It can be activated on a sim-card. Each founder is required to obtain e-signature (alternatively, a PoA needs to be issued and notarized, which will then require only one person to obtain e-signature).

 

There are several steps for registering a company in Azerbaijan:

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• Obtaining and completing the business registration forms in Azeri language;

• Legalizing and translating the foreign documents (if any);

• Submitting the documents and company certificates to the relevant authorities;

• Registering employees with the Ministry of Labor and Social Protection

• Opening a bank account and depositing the capital;

• Obtaining a mandatory insurance for the employees

 

You will need to specify the company capital in the declaration, which will need to be deposited to the newly opened account at the Azerbaijani bank within three months after the company registration.

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