Azerbaijan Company Formation

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Azerbaijan

Company Formation and Related Services

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Buying a European shelf company with VAT number

Whenever you need to start doing business immediately in a European country and you need a company with a VAT number, you don’t have to wait for the bureaucratic procedures.

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Partner Law Firms

We encourage you to contact our partner law firms in Bucharest: Rolegal and E&C, both part of our legal network.

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Tax Minimization Structures

BridgeWest is specialized in special corporate structures designed for tax minimization. No matter where you want to incorporate your company, you will need to consider how you can legally minimize costs.

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Company Liquidation in Azerbaijan

July 24, 2012, 7:17 pm
BridgeWest

BridgeWest handles all steps required for company liquidation in Azerbaijan. Please contact us via email or phone for appointing a liquidator to carry on the company dissolution, submitting the required application forms, dealing with the Court, closing the company's bank account or any other necessary activities for closing a business in Azerbaijan.  

Liquidation of a company in Azerbaijan is the process of ending a company and redistributing the assets of it to the creditors and the members,

There are two ways a company can be liquidated: compulsory or voluntary.

The compulsory liquidation is a process that is made at the creditor’s request with a Court order, while the voluntary request is a decision taken by the members of the company during a special general meeting. A liquidator or a liquidators committee is appointed to carry on with the liquidation process. Usually in a compulsory liquidation the appointment of the liquidator is a Court’s decision, while in a voluntary liquidation, the members of the company decides the liquidator’s identity.

The companies about to be liquidated in Azerbaijan must follow the regulations of the Law on State Registration of Legal Entities and State Register. The liquidation is based on the deletion from the State Registration Book. The application of the relevant documents to the State Registration Book of Azerbaijan must occur within 5 days since the decision of liquidation was taken by the authorized body.

The deletion from the Azerbaijan State Register is including cancelation of the state registration numbers, deletion of the state account units of Azerbaijan Republic register, notification of the involved state bodies regarding the radiation of the registration.

The application must include: the liquidation decision, tax declaration approved by a relevant executive power body of Azerbaijan, details regarding the final tax inspection by the relevant executive power body of Azerbaijan, the proof that the liquidation announcement was already made public in press, notarized copies of the company charter and state registration certificate, the company seal and other relevant documents, if requested.

The members of liquidation committee must sign the documents before registering it.

The documents must be accompanied by a copy that will be returned to the company after verification. The copy will be also having a note from the relevant executive power body of Azerbaijan regarding the time of receipt of the documents.

If the documents are properly submitted, the relevant executive power body will take a decision no longer than 7 days from submission, regarding the erasing the company from the Azerbaijan’s Republic State Register.

If there are documents missing or wrongly deposited, than the company must correct the shortcomings, if not, the company cannot be removed from the register within 2 months. The company is informed in written regarding these matters.




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Company Formation in Azerbaijan

Baku

BridgeWest provides company formation in Azerbaijan. Our assistance includes:

> drafting the Articles of Association (necessary for the company incorporation in Azerbaijan);
The Articles of Association required to ... [More]