Understand the Jurisdictions Setup Requirement Before Proceed Your Company Registration in Azerbaijan
The country of Azerbaijan is located between Europe and Asia, with its immediate neighbours being Georgia, Armenia, Turkey, Russia, and the Caspian Sea. It is a democratic republic with a rich history and culture. It also has an abundance of natural resources such as gas and petroleum. The stable economy and the fast development witnessed in the country over the past few years has attracted investors from all parts of the world to the little-known country. The number of people interested in company registration in Azerbaijan keeps on growing every year as more and more investor troop to take advantage of the available investment opportunities. The industries that have received a lot of foreign interest include-: manufacturing, petroleum, energy, tourism, and agriculture. If you are interested in gaining more insights at the strong investment opportunities available in Azerbaijan, don’t hesitate to take with our business consultants for more information.
Types of Legal Entities in Azerbaijan
For those willing to invest in Azerbaijan, here is a look at some of the legal entities you may consider registering-:
Limited Liability Company
This is the preferred business entity for the majority of investors interested in company registration in Azerbaijan. This entity is suitable for investors with small to medium-sized enterprises. To register this entity, at least one shareholder is required, and there is no requirement for minimum share capital.
Joint Stock Company
Joint-stock companies are favourable investment vehicles for businessmen and investors interested in running big businesses in Azerbaijan. For its incorporation process, there has to be at least one shareholder, and the shares held in the company are transferable. You can trade these shares in the public markets. The shareholders in this entity are only liable to the extent of their share contributions in the company.
Closed Joint Stock Company
This is another legal entity for those interested in investing in Azerbaijan. It is nearly similar to the above, only that the shareholders contribute equal shares to the business and they also have similar liability. There is no transfer of shares, and its shares can’t also be traded in the markets.
Other than the above entities, foreign investors interested in company registration in Azerbaijan may also consider registering branches and subsidiaries. They can then use this as an extension of their foreign companies in Azerbaijan.
Documents for Registering a Company in Azerbaijan
When thinking about company formation in Azerbaijan, there are certain documents you must have. These include, but not limited to the followings:
- Articles of Association
- Name and address of the business
- A notarized lease if you happen to have any
- VAT Certificate
- A bank contract with the details of the business corporate account
The process of getting the business registration certificate in Azerbaijan can be completed under one week. Before starting the registration process, however, you must submit all the applications for the relevant permits and licenses. You will also need to have a company seal in all the company official documents for them to be valid and legal.
At 3E Accounting, we specialize in company registration in Azerbaijan. We can help you with all the necessary processes. Our team will let you know the specific documents you need based on the type of company you want, and we will also help you with the submission of the application to the relevant authorities. Additionally, our accountants and tax experts will help you with opening the business bank accounts as well as optimizing your taxes. This ensures that you can get the most out of running your venture in Azerbaijan. Contact us today for more information.