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Azerbaijan - Register a Business or Company


Procedure

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Registration of legal entities as a result of improvements in the construction of the electronic registration. "On State Duty" in accordance with the law of the state registration of legal entities, fees shall be charged electronically, pre-payment of the share capital and approval by a notary public in the application of e-registration is not required.

The usual electronic registration of legal entities (i.e., no later than 3 days) or fast electronic registration (legal address of the place of residence of the natural person who is acting as the sole founder of a local investment company's registered address is the same as the real-time electronic registration) in the order of carried out.

Ministry for the implementation of e-government registration of the "Internet Tax Department" in the electronic application form, fill in the enhanced electronic signature (the signature is generated by means of an electronic signature, which is under the control of the owner and the only sign identifying it as belonging to the owner, the information notice about the integrity of the stable, saxtalasd?r?lmad?g?n? to identify distorted and electronic signature) must be approved by. In addition, the Ministry of Taxes during registration in order to avoid misunderstandings in such cases under the Code of Administrative Offences of the 700 pounds of natural persons and legal entities will be fined 4,000 pounds.

A new system of registration of legal entities (domestic-invested commercial) Documents required for registration are as follows:

For state registration of legal entities and rules to fill the registration form to the relevant tax authority, as defined by the Ministry of Taxes of Azerbaijan Republic "On state registration of legal entities for commercial applications" should be applied to them. The application is the founder (founders of the founders) and its (their) duly signed by the authorized person or notarially certified.





Required Documents

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The application shall include the following:

  • The founder of an association as a legal entity (s) or its (their) 2 copies of the charter approved by the authorized representative;
  • Creation and approval of the legal entity of the entity to be the founder (s) signed by the decision;
  • "On state registration of legal entities for commercial applications," -Addendum. The founders of the organization as a legal entity, as well as individuals filled two forms separately. In addition to the physical form of the co-founders of the passport details of a person's passport registration data are not confirmed by the Ministry of Internal Affairs, the corresponding ID-copies may be required to be attached to the application;
  • The date of the submission of the registration application has been elected by the supervisory board of the "Application for State Registration of Commercial Legal Person" s are presented with the appropriate attachment. Information specified in Annex passport passport registration details are not confirmed by the Interior Ministry, which confirmed the identity of the members on the supervisory board may be required to attach a copy of the document;
  • Executive and administrative powers by the founders or the appointment of a legal representative, and a copy of the decision. Indicated in the application of the legal representative's passport details are not confirmed by the data of the Ministry of Internal Affairs passport registration, attaching a copy of his identity card may be required;
  • A legal entity to be a document confirming the legal address of the organization;
  • A limited liability company or a joint stock company, a bank or an insurance company certifying the payment of the authorized capital (cashier's check, real estate, mortgage, etc.) - the charter of the share capital of the company for a specified period (not exceeding 3 months) does not provide for payment;
  • To get the status of a legal entity to act under the special tax regime, on the "Application for State Registration of Commercial Legal Person" s are presented with the appropriate attachment;
  • Application of the founder (s) signed by a person duly authorized by power of attorney shall be submitted along with the application.
  • Banks and insurance companies, the establishment of higher education institutions, as well as the appropriate body to carry out the relevant activities require the consent document.






Office Locations & Contacts

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The Ministry of Economy and Industry
84, U.Hajibekov Street, Baku (Government House)
Phone: (+99412) 4938867
Fax: (+99412) 4925895
E-mail: office@economy.gov.az
Web page: http://www.economy.gov.az/eng
Location on a Map


Ministry of Taxes of the Republic of Azerbaijan
AZ1073, 16, Landau Str., Baku,
Azerbaijan Republic
Phones: (99412) 4038970
Fax: (99412) 4038971
Email: office@taxes.gov.az
Where to register your business or company.





Eligibility

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Individuals (without establishment of a legal entity) and legal entities may be involved into entrepreneurial activities:

  • As individual:
    • Individual entrepreneurship
  • As legal entity:
    • General partnership
    • Limited partnership
    • Limited Liability Company
    • Joint-Stock Company
    • Cooperative

Both individuals and legal entities have equal rights in the process of implementing entrepreneurial activities.




Fees

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Legal entities, representations or affiliates of foreign legal entities passing state registration, as well as the representations or affiliates of legal entities registered in the Azerbaijan Republic shall be entered into the state register without paying any duties. Amendments to the state register shall be conducted duty-free.




Validity

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Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever




Documents to Use

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Sample Documents

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Processing Time

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State registration of a non-commercial institution that wishes to obtain the legal entity status, or representation or affiliate of a foreign non-commercial legal entity should, as a rule, be carried out within 40 days.



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Videos explaining the procedure or to fill the applications. 
Attach videos using the following tag <&video type="website">video ID|width|height<&/video&> from external websites.
Please remove the "&" inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver, 
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url "http://www.youtube.com/watch?v=Y0US7oR_t3M" Video ID is "Y0US7oR_t3M". 
	





Instructions

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An institution that intends to obtain the legal entity status within the Azerbaijan Republic, or a representation or affiliate of a foreign legal entity should pass through the state registration and be entered into the state register. Commercial organizations, as well as representations or affiliates of foreign entities can carry out their activities only after passing through the state registration.

The registration of individuals running a small business without establishing a legal entity in tax agencies as a taxpayer shall be regulated by the tax laws of the Azerbaijan Republic.

You must have some form of registered presence if you are conducting business in Azerbaijan. The tax laws require that you register a "permanent representation" within one month of commencing economic activity. A permanent representation may take the form of a local company, a joint venture, or a representative office. A representative office is considered a foreign legal entity, while other structures are treated as Azeri legal entities. You will need a registered presence of some kind to open a bank account, import goods in your own name, etc.




Required Information

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  • The full name of the company and the abbreviation it is going to use in business
  • Company officers (executive bodies)
  • The names and signatures of the founders who are forming the company
  • The rules for running the company
  • Internal management affairs and legal responsibility
  • The amount and nature of the shareholders contributions





Need for the Document

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In Azerbaijan a company may start its commercial activities after state registration at the Ministry of Taxes. Registering a local entity is in general a prerequisite to open a bank account, apply for licenses, certify goods, etc




Information which might help

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Individual entrepreneurship - a type of entrepreneurial activities aimed at deriving commercial profits by individuals without establishment of a legal entity. These activities involve taking the risk and responsibility within the amount of properties.

Legal entities .A legal entity is a type of entity that is specifically established and officially registered in a manner prescribed by law, possesses its own property, is liable for its obligations to the extent of such property, and has the right to acquire and exercise, on its own behalf, proprietary and personal non-proprietary rights, to carry responsibilities.



Other uses of the Document/Certificate

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Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.


External Links

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Place some external links which might help.

Others

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More information which might help people.




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