Company Registration

Find out about the documents required and the procedure for registering a company...

Company registration generally takes three working days. However, an additional three working days are usually required for the preparation and translation of documents.

For a Limited Liability Company (LLC), the following documents are needed:

  • Company name (multiple)
  • Legal address
  • Information about the founder (name, nationality, passport or constituent documents of the company)
  • Size of authorised capital
  • Types of activities
  • Choice of a bank in Azerbaijan and types of accounts

Other documents may be required in addition to the above.

For a Representative or Branch Office, the following documents are needed:

  • The founding documents
  • Choice of a bank in Azerbaijan and types of accounts

Other documents may be required in addition to the above.

All documents must be collected in advance so that they can be translated into Azerbaijani.

All documents must also be notarised at the Azerbaijani Embassy of the country of the founders (shareholders), or, in accordance with the Hague Convention (1961), documents can be certified by Apostille issued by the relevant authorities after notarisation.

For the participants of CIS countries (Russia, Belarus, Uzbekistan, Tajikistan, Armenia, Ukraine, Kyrgyzstan, Moldova, Turkmenistan, Azerbaijan, Georgia), the Apostille and legalisation of documents is not required under the Minsk Convention on Legal Assistance and Legal Relations in Civil, Family and criminal cases (from 23 January 1993).

A tax system must then be chosen: simplified tax, VAT, or income tax.

Legal Address

Legally, the location of the legal entity is recognised as the location of its permanent body (the CEO, board of directors). Information about the location is entered into the Unified State Register of Legal Entities.

Director

The director may be a citizen of Azerbaijan and also a foreign citizen.

The process of obtaining a work permit for a foreigner is quite complicated: to protect the domestic labour market, there is an annual quota for foreign workers. If there is no time to get a work permit or the presence of the general director is needed for administrative matters, nominee directors in Azerbaijan can be appointed. These directors can carry out various tasks, for example, communicate with the tax authorities or banks. The basic requirement for using a nominee service is that the client's work is fully legitimate.

Work Permits

If a company plans to employ foreign specialists (employees), then the company needs permission for them to work in Azerbaijan. It takes approximately 20 working days to get a work permit and there is a state fee.

The penalty for working without a work permit for individuals is AZN3,000 to 5,000 (approximately US$3,824 to 6,373) and for legal entities is AZN30,000 to 35,000 (approximately US$38,236 to 44,609).

Information supplied by Expert SM 48 Nizami str., AZ1001, Baku, Azerbaijan Republic email Website Tel/Fax: (012) 493 63 77 / (012) 493 55 56 / (012) 408 04 40