Register company in Azerbaijan

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 entity are required as well. And if the founder is foreign legal entity, these documents need to be certified by notary or legalized by the Embassy of Azerbaijan in the country where the founder legal entity situates.

While register company in Azerbaijan, documents should be submitted to Legal Entity Registration Department at the Ministry of Taxes, or at "ASAN service" centers. One of these documents that should be submitted is the application form that consists of 3 main and 1 additional page, which is a standard form provided by Ministry of Taxes. This application form should be notarized while applying. 

Furthermore, resolution of the Board about establishing company and appointing legal representative, document confirming legal address of the company are required as well. If the owner of the property is not the founder, or shareholder, then notarized consent of the owner about the legal address is required. At the same time, documents about shareholders and founder, such as, identity cards, passports are required while establishing company in Azerbaijan.

Coming to fees, state registration fees cost 11 AZN for registering a company, however, there are additional fees for notarizing the documents (if required) which costs 4 AZN for a page. Furthermore, company capital should be paid as well, however, it can be paid during 3 months from the date of registration.

Caspian Legal Center LLC offers legal support and consultancy for both local and foreign citizens on registration of company in Azerbaijan.