ممارسة الأعمال التجارية في Azerbaijan

How quickly can I set up a business?

10-15 days

What is the minimum investment needed?

Investment depends on the scale of project.

How can I raise finance?

Investor shall contribute the capital or take bank loan.

What are the legal requirements for setting up my business?

Option 1: Setting up Limited Liability Company (LLC) with local or foreign investment or mixed with no restriction on equity participation.

Option 2: Setting up branch Office of foreign company in country.

What structure should I consider?

For LLC:

• members have limited liability.
• Profits are allocated to members.
• Must file monthly, quarterly, and yearly tax returns.

Branch office:

• Branch is the integral part of parent company.
• Profit is paid to parent company.
• Must file monthly, quarterly, and yearly tax returns.

What advice can you give me in regards to payroll and taxation requirements?

• Salary 250 AZN (147$ US)
• Monthly, quarterly returns
• 14%-25% taxes in oil sector or 0%-14% in non-oil sector
• Salaries to be paid thru bank
• Mandatory medical and unemployment insurance

Is there anything else that I should know?

Azerbaijan has different taxation systems in oil and non-oil sectors.