Company Formation in Azerbaijan

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 share capital, and it gives business owners a chance to start a business with a small budget as well.

One of the steps that needs to be taken while register company in Azerbaijan, is to get a legal address for the company. If the shareholder does not own the property that will be the legal address of LLC, a notarized consent of the property owner is required while applying. A company may have different legal and actual addresses.

Another step is to fill the Application form provided by Registration Authority of Legal Entities at Ministry of Taxes which is in Azerbaijani language, and needs to be filled in Azerbaijani language as well. Charter of company, Resolution of board about establishing the company, identification documents (passport) of the shareholder (shareholders) are the rest of the required documents for opening a LLC.

As long as application form is submitted, your LLC shall be registered in 3 days, and you can get your documents from the authority that you have applied. After that, ASAN signature, seal, bank account of the company shall be obtained.

Caspian Legal Center is ready for legal service on registering a company in Azerbaijan, and can give you beneficial legal support that is safe from all risks.