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Starting a Business in

Azerbaijan

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Azerbaijan. It examines the procedures, time and cost involved in launching a commercial or industrial firm with between 10 and 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 190 economies. The most recent round of data collection was completed in June 2016.

Compare Azerbaijan to 189 other economies.

  • No. Procedure Time to Complete Associated Costs
    1

    Obtain electronic signature for online registration

    Agency: The Ministry of Communications and Information Technologies

    An electronic signature is a pre-requisite to online registration. An electronic signature is issued by Ministry of Taxes Certificate Services and Ministry of Information Technology. Starting from January 2014, it takes 1 day to get an e-signature.

    1 day AZN 72
    2

    Complete online registration; obtain TIN number and register for VAT

    Agency: One Stop Shop, Ministry of Taxes

    Online registration is available as of December 2011 (Article 5-1. has been added to the Law of Azerbaijan Republic "On state registration of legal entities and state registry.") Online registration has been exempted from state fee and is completely free (Article 20-1.3 of the Law of Azerbaijan Republic “On State Fee”).

    According to the amendments of the Law “On state registration and state registry of legal entities” dated November 28, 2014 for
    e-registration, only charter has to be attached to the electronic application. Application is made through the Ministry of Tax’s web page. The time limit for online registration is 1 day. A hard copy can also be obtained from the Tax Office. Having a registration number is sufficient to start operation.

    Documents required for paper registration include the following:
    -Standard application form
    -Founding documents – the charter of the entity approved by the founder or his/her legal representative, minutes of the foundation meeting;
    -Resolution of establishment
    -If the founder is an individual – copy of his/her identity card (notarization of the signature is optional);
    -A document confirming the legal address of the entity (if leased it needs to be notarized, cost 2 AZN + 0.20 AZN if it is done in ASAN).

    2 days no charge