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 Formation in Azerbaijan

F.A.Q.

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 open a company in Azerbaijan can be signed through Power of Attorney (the same applies to Public Notary proceedings, a step required by the Azerbaijan law).

> drafting all other documents required for the incorporation of the Azerbaijan company;
These documents include: Specimen Signatures, Special Forms provided by the Company Registration Office in Azerbaijan, passport copies etc.

> arranging Public Notary procedures (The procedures for incorporating a company in Azerbaijan have to be done through an Azerbaijan Public Notary);

> offering a Registered Office in Azerbaijan for your company (if required);
The registered office may be any address where the Azerbaijan company declares to have its headquarters. The registered office will be public.

> setting up a bank account for opening a company in Azerbaijan.
This refers both to an initial share capital account as well as a current bank account after the company is formed.

> recommending an accountant in Azerbaijan;
Accountancy services are recommended for any new business registration in Azerbaijan.

BridgeWest provides formation of the following types of companies that can be opened in Azerbaijan:

> Limited liability company (LLC)
This entity type is used for commercial purposes and it is the most widely used in Azerbaijan. It can sustain small and medium-sized companies being established by at least one member. The LLC's participants contribute with their parts to the charter capital, which has no statutory minimum required. As the legal entity's name suggest, the liability of its members is limited to the amount of contribution made to the company, or to their interest. The participatory interests are not transferable freely. Remaining partners may purchase the withdrawing participants' interest.

> Open joint stock company (JSC)
This entity is designated for business at a larger scale and it can be formed by one or more founders, individuals, or legal entities. A JSC has a certain fund divided into shares, owned by shareholders that must be authorized through insurance. The open joint stock company may freely transfer shares and trade them to the public. The shareholders of a JSC are liable to the extent of their contributions to the company's debts and obligations. The JSC must include Board of Directors, Supervisory Council and Audit Commission elected at the General Meeting of Shareholders.

> Closed joint stock company (JSC)
The closed joint stock company functions mainly as an open one, being ruled by a Board of Directors, with a limited liability of the shareholders. It can also be established by one or more natural persons or legal entities, having a common capital divided into shares. The main difference between the two types of JSC is that a closed one cannot issue transferable shares, nor can it offer them to the public.

> Azeri Branch, Subsidiary or Representative Office Any foreign company is able to set up branch entities in Azerbaijan. These can be set up as separate entities from the parent company (companies having the foreign company as shareholder) or extensions of the parent-company in Azerbaijan.

Please note that, in order for a foreign citizen to open a company in Azerbaijan, it is necessary that they provide an official proof that they are involved in a business activity. This requirement refers to specific countries.

BridgeWest is also able to offer ready-made company in Azerbaijan and VAT registration.

Please contact us for more information and prices.

Partners: Company Registration Luxembourg, Company Registration Poland, Company Registration Netherlands



Articles on Company Formation in Azerbaijan

State Registrar of Azerbaijan

Every company that whishes to engage in commercial activities must register with the State Registrar of Azerbaijan. The institution’s functions are not restricted simply to that, also including maintaining an updated database of information regarding companies, different legal entity types, an ...

Types of companies in Azerbaijan

In Azerbaijan the legal entities are regulated by the Civil Code, as well as specific laws and regulations. These laws include the Law on State Registration of Legal Entities, the Law on Securities, the Law on Joint Stock companies and the Law on Limited liability companies, and they regulate the re ...

Set up a Company in Azerbaijan

Setting up a company in Azerbaijan has a lot of advantages, including developing a company in a powerful economic environment, with a good organizational structure. In order to set up a company in Azerbaijan the founders must go through a number of procedures, including the adoption of foundation do ...

Open Company Branch or Subsidiary in Azerbaijan

Setting up a company is one way to invest in Azerbaijan. However a less risky procedure is setting up a company branch of a foreign company. This means the parent company will be liable for the debts and obligations of the branch which won't be regarded as a separate legal entity, but is subject to ...

Guide to Company Incorporation in Azerbaijan

1. What is the minimum share capital for a Limited Liability Company in Azerbaijan? There is no specified minimum share capital when establishing a Limited Liability Company in Azerbaijan. However, a minimum capital might be set by an executive authority. In this case, the amount must be paid in fu ...

Paying Taxes in Azerbaijan

Paying taxes in Azerbaijan   1. What is the corporate tax in Azerbaijan? Any company registered in Azerbaijan is subject to a corporate tax rate of 20% for its worldwide income.  The entrepreneurs involved in the petroleum operations businesses (Production Sharing Agreements con ...

VAT in Azerbaijan

1. What is the VAT in Azerbaijan? The standard VAT rate in Azerbaijan is calculated at 18% for the supply of most goods and services, as well as imports of goods. Some transactions of goods or supply of services such as financial services are exempt from VAT. There are also zero-rated transactions i ...

Company Liquidation in Azerbaijan

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 ot ...

Open a Representative Office in Azerbaijan

Are there any special requirements for creating an Azerbaijani Representative Office? A representative office in Azerbaijan, unlike a traditional legal entity or a branch or subsidiary, cannot perform any business in its name or operate money in its behalf; it may only provide subsidiary help for t ...

Register a Non Profit Organization in Azerbaijan

The law which governs the establishment and functioning of the non profit organizations in Azerbaijan is the Law “On Non-Governmental Organizations (public associations and foundations)”. According to it, there are two forms of non profit organizations that may be settled in Azerbaijan: ...

Open Business in Azerbaijan
We guarantee a cost-efficient solution for full company setup, bank account and VAT registration

Meet us in Baku

Call us now at +44 203 287 0408 to set up an appointment with our lawyers in Baku, Azerbaijan. Alternatively you can incorporate your company without traveling to Azerbaijan.

As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Azerbaijan.