Anyone or whatever who desires to start doing business in Azerbaijan has to realize a way to sign up a commercial enterprise there. It is real that registering a enterprise is the primary essential step to launching a criminal business inside the u . S . A .. Azerbaijani rules gives foreign corporations and those the equal rights as locals once they register a enterprise in Azerbaijan. This makes the united states of america a good area for international marketers to do business.
The legislation says that businesses in Azerbaijan must register in one of the following ways in order to be able to start doing business there:
Legal Entity: This option lets you create a business in Azerbaijan, like a Limited Liability firm (LLC) or Joint Stock Company (JSC), or set up a branch or subsidiary of a foreign firm that already exists. This is better for business operations that are organized and can grow.
Individual Entrepreneur: This is perfect for those who run their own businesses and don’t want to set up a separate legal corporation. Individual entrepreneurs are responsible for paying off their business debts and responsibilities.
This tutorial gives a complete look at what you need to do to register a business in Azerbaijan and how to do it. Our staff at World Immigration Hub has ten years of expertise helping customers throughout the world, including well-known worldwide companies, establish up their businesses in Azerbaijan. If you require experienced legal help, we can help
Company Registration: Forms and Documents Needed by Law
In Azerbaijan, registering a business means getting the government to recognize it as a legal company that wants to do business in the country. Starting a business in the country does need the first key legal step: forming a corporation. It is important to note that people and businesses from other countries have the same rights as people and businesses in Azerbaijan to start a company or subsidiary and do business there.
Azerbaijan’s Civil Legislation says that firms can be organized in several ways. But the most famous and advocated legal paperwork for individuals who want to start a enterprise in Azerbaijan are:
Limited Liability Company (LLC);
Joint Stock Company (JSC).
LLC stands for “Limited Liability Company.”
A Limited Liability Company (LLC) is a sort of enterprise shape that protects the founders from having to pay the enterprise’s debts. The Private Limited Company (LTD) is a well-known legal structure in several nations that falls within this category.
In Azerbaijan, one or more people or legal organizations can start a Limited Liability Company (LLC). It is important to note that there is no minimum charter capital required for creating a Limited Liability Company (LLC). Also, an LLC in Azerbaijan can be set up as a single proprietorship or a partnership.
JOINT STOCK COMPANY (JSC)
In Azerbaijan, entrepreneurs normally favor to sign up larger corporations as Joint Stock Companies (JSCs), which can be legal paperwork that commonly consist of multiple stakeholder. The Civil Law of Azerbaijan says that there are two main categories of JSCs:
Open Joint Stock Company (OJSC);
CJSC, or Closed Joint Stock Company.
What Papers Do You Need to Register a Business?
To sign in a commercial enterprise in Azerbaijan, the State Tax Service ought to get hold of the subsequent papers from the candidates or their legal representatives:
Application Form: The formal form you need to fill out to register your business.
The business charter, sometimes called the articles of association, specifies the firm’s goals, legal structure, registration address, and rules for how things should work inside the organization.
Decision on Company Establishment: A documented decision by the founder(s) to start the business.
Identification Documents of Founders and Head: All founders and the company’s selected head must have valid ID copies, such as passports for those from other countries.
Proof of Payment: An official receipt that shows the payment of the state registration fee and, if appropriate, the Charter Capital that was paid.
Power of Attorney (if needed): A Power of Attorney that is legally legitimate if an authorized person files the application.
Registering a Subsidiary Company
A subsidiary is a corporation that is legally separate from the parent business or a group of companies. The parent company or group of companies controls the subsidiary. So, registering a subsidiary in Azerbaijan is the procedure by which the government registers a business that will be owned and run by another business (or businesses).
A subsidiary in Azerbaijan must meet the same registration criteria as any other kind of business. Azerbaijani law says that both international and indigenous enterprises have the same rights when it comes to registering. But remote places organizations should make some papers legitimate in keeping with international norms.
What documents do you need to register a subsidiary?
- Form for application;
2. Legalized state registration papers for the establishing corporation;
3. Copy of the ID of the head of the founding firm;
4. The charter of the subsidiary firm;
5. Decision to set up the subsidiary;
6. Decision of who will be the head of the subsidiary;
7. A copy of the ID of the head of the subsidiary;
8. Receipt showing that the state fee and Charter capital have been paid;
9. Power of Attorney
Step-by-Step Guide to Registering a Business in Azerbaijan
Step 1: Choose the type of business and its name.
Pick a felony shape (LLC, JSC, department, or subsidiary) after which log on to look whether or not the name is available.
STEP 2: Get the Necessary Papers Ready
All of the registration papers are in Azerbaijani. For branches or subsidiaries, foreign paperwork must be made lawful.
Step 3: Pay the fees and put down the charter capital.
15 AZN is the charge for registering with the state.
Minimum amount of charter capital:
LLC: No minimum
JSC: 2,000 AZN
STEP 4: Get Your Registration Certificate
You can send in your documents online, in person, or through a representative. It takes 3 to 5 business days to process. You get:
Tax ID Number (TIN)
Certificate of Registration
Charter for the Company
Step 5: Start Doing Business
Get an ASAN Imza, register a business bank account, and apply for any permits you need.
Azerbaijan’s Legal Services for Starting a Business
If you need help with forming a company or registering a subsidiary in Azerbaijan, World Immigration Hub is here to help. We help people all around the world with company registration in Azerbaijan and other legal matters.
Remote Registration: By Proxy
Foreign people and businesses can form a corporation or subsidiary in Azerbaijan from afar using proxy. World Immigration Hub offers comprehensive remote company registration services. With a Power of Attorney, our lawyers can handle everything without you having to be in Azerbaijan.
Corporate Services Related to Company Establishment
World Immigration Hub helps overseas businesses and people with the following:
- Setting up legal entities;
- Writing the Company’s Charter (Articles of Association);
- Writing and putting into action service agreements and compliance procedures;
- Setting up business bank accounts;
- Getting business permits;
- Legal and tax due diligence;
- Services for accounting and taxes;
- General advice on business and the law;
- Planning for business;
- Consulting for business growth;
- Legal services for businesses.
