Today, Azerbaijan is a high-potential market that is open to both local and foreign investment. Sectors such as agriculture, tourism, IT, logistics and e-commerce are entering a new stage of development. Azerbaijani legislation offers a number of advantages and simplified procedures for investors planning company formation in Azerbaijan. The company formation process is generally the same in Baku and other regions of the country. Special legal rules apply only in free economic zones, such as the Alat Free Economic Zone.
Company formation in Azerbaijan is the official process through which a business is established and entered into the relevant state records. Entrepreneurs may also operate without creating a legal entity by registering as individual entrepreneurs. However, setting up a company usually provides broader business opportunities. For example, individual entrepreneurs may be restricted from carrying out certain types of activities.
An LLC is one of the simplest and most practical business structures for company formation in Azerbaijan. It can be established by one or more individuals or legal entities.
The charter capital is divided into shares in accordance with the company’s charter.
The financial liability of the founders is generally limited to the amount they have contributed to the company.
A joint stock company is more common among larger businesses, especially those planning to attract investment.
Only a joint stock company has the right to issue shares.
When establishing such a company, one of the following forms may be selected:
A representative office is a separate unit located outside the company’s main place of business.
It represents and protects the interests of the company but is not authorised to conduct independent commercial activities.
A branch is a form of commercial presence that operates outside the company’s main location.
It may perform all or part of the company’s functions, including representative functions.
Company formation can be completed in two main ways:
For electronic company formation, an enhanced electronic signature such as “Asan Imza”, “SİMA Imza” or another approved digital signature is required.
Need an electronic signature? Contact us and we will assist you
Application: To begin the process, the applicant must complete the application form required by law, have it notarised where necessary, and submit it to the relevant unit of the State Tax Service.
Charter: The company charter is approved by the founder or founders and prepared in accordance with the requirements of the Civil Code of the Republic of Azerbaijan. It sets out the company’s purpose, structure and management rules.
Power of attorney: If the company formation process is handled by an authorised representative, that person must provide a valid power of attorney.
Resolutions: The necessary resolutions include decisions on establishing the company, approving the charter and appointing the company’s management.
Identification documents: Copies of the identification documents of the founders, director and authorised representative must be provided.
Payment receipts: Documents confirming payment of the state fee and charter capital may also be required.
The list of documents may vary depending on the type of commercial entity involved, for example a local LLC, an LLC with foreign investment, an educational institution, a representative office or a branch.
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Prices are determined individually based on the scope of your request and mutual agreement. If you also order ongoing accounting services from us, the company formation costs may be reviewed accordingly.
Although company formation in Azerbaijan is relatively straightforward, it is still a process that requires care and a good understanding of the relevant legislation. By entrusting the process to Accounting.Az, you can complete the necessary procedures efficiently and within a short period of time.
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