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Starting business before one-stop shop
• 53 days & 13 procedures• Registration at least in 4 government agencies:– Ministry of Justice;– Social Protection Fund;– State Statistics Committee;– Ministry of Taxes;
Filing 33 documents…… losing time and money
Reforms
• As a result of the Order no. 2458, dated 25 October 2007 of the President of the Republic of Azerbaijan as of January 1st, 2008 Azerbaijan launched a new company registration system and the reforms went through in just 60 days
• As the Ministry of Taxes had all necessary resources it was identified as a single state authority responsible for registration of legal entities.
Single Registration Authority
• Attending only one authority and getting foundation documents;
• Get your documents within 3 business days.
Decided to open a company?
• Within 8 days you can start your business!
ProceduresProcedures dayday
Obtain a confirmation on legal address 1
Notarize company documents 1
Payment of charter capital and the state registration fee 1
Getting registered at the One –top Shop 3
Obtain a company seal 1
Open a permanent bank account 1
Documents you will need for state registration
1. Standard application form;2. Founding documents – the charter and the resolution;3. Bank receipt confirming the payment of the state registration fee;4. If the founder is a legal entity – notarized copy of the founding documents; If the founder is an individual – copy of his/her identity card;5. A document confirming the legal address of the entity;6. In case of appointment of an authorized representative, a copy of his/her identity card.
During registration
• Cheking uniqueness of the business name;
• Opening of a bank account;
• VAT registration;
• Connection to e-Return system;
• Use of e-Tax services;
• Taking taxpayers control books.
Ministry of Taxes
Social Protection
Fund
Registration of legal entities• AVİS-Automated Tax Information System
• Integration in on-line mode
Customs Committee
Other Authorities
Advantages
• Business will address one agency only, thereby saving time;
• Less procedures and shorter time;• Fewer documents;• Unique code in business environment – TIN;• Advising on business legislation;• Single on-line database of registrations;• Savings for the private sector (12 mln euros in 2008-
estimated by World Bank).
Registration progress
In the first year of the application of the One-Stop Shop principle the level of registration increased by
30%.
“One stop shop” principle has been recognized as one
of the most successful
reforms in the area of
registration of entities
Forthcoming reforms
• Extend the exchange of information with other state authorities within e-Government project framework;
• Launch e-Registration;
• Decrease the list of documents and time for registration;
• Extend on-line services.
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