Caspianlegalcenter's Blogs

If one aims to form a company in Azerbaijan, there are several choices that he/she can make, such as, general partnerships, limited partnerships, or limited liability Company, additional liability company, and open and close joint stock company. Establishing a limited liability company is the most beneficial option for those who wish to start a business in Azerbaijan for the convenience and frequency of the procedure since it takes only few days. To open a limited liability company, there are several steps that business owners have to take. These stages may vary depending on whether the founder is local or foreign, physical person or legal entity. However, there is no limitation about the nationality of the shareholder in Azerbaijan legislation- any business owner can establish a company in Azerbaijan with up to 100% foreign ownership. Another advantage of opening a limited liability company in Azerbaijan is that, there is no requirement about minimum or maximum amount of ...

Establishing company in Azerbaijan has been easier due to the amendments made to Azerbaijani legislation during the last years. There are two main types of legal entities- partnership and company.   Partnership can be general and limited partnership, while limited or additional liability company, joint stock company are main types of commercial entities. However, business owners generally tend to establish limited liability Company in Azerbaijan. A company can be both established by a legal entity or a physical person. The founder can both be a foreign citizen or Azerbaijani citizen, or a foreign legal entity or Azerbaijani legal entity since Azerbaijani laws do not require obligatory local ownership in companies established in Azerbaijan. Due to the cases shown above, required documents differs. If a legal entity acts as the founder, the charter of the founder legal entity, registration certificate, resolution about establishing company by the founder legal en...