Value-added tax is levied in Azerbaijan on the supply of goods and services as well as on imports.
No matter if you want to open a bank account in Azerbaijan as a non-resident or as a resident visa holder, our local consultants are at your service with information and representation with local financial institutions.
As follows, our company formation consultants in Azerbaijan present the most frequently asked questions on the company formation procedures in this country.
A company, no matter whether it is established in Azerbaijan or not, can form a subsidiary in this country in one of three legal types of entities which are available for commercial purposes: a joint stock company, a limited liability company or an additional liability company.
Standard & Poor’s credit rating for Azerbaijan was set at BB+; Moody’s credit rating for the country was last established at Ba2 with a stable outlook and Fitch’s credit rating for Azerbaijan was last declared at BB+.
Setting up a branch in Azerbaijan implies that the parent company is responsible for the debts and obligations of the branch. According to the local legislation, a branch in Azerbaijan is not considered to be a separate legal entity, however, it is taxed as one.
Small and medium businesses in Azerbaijan can be set up through a limited liability company, a preferred entity which can be registered even with one shareholder.
In accordance with the activities which are going to be settled by a local or a foreign business person, one can choose the suitable entity like a limited liability company, joint stock company, closed stock company, general or limited partnership.
The State Registrar of Azerbaijan is the institution in charge of registering the companies in the country with local owners or investors from overseas. The incorporation process has been simplified and can be done by filling only one document.
Among varied types of businesses available on the market, an entrepreneur from abroad can choose a shelf company or an aged one with no activities but ready to be used.