How to register a company in Azerbaijan

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presentation brought to you by Bridgewest.eu

Types of companies in Azerbaijan

• Limited liability company (LLC)

• Open joint stock company (JSC)

• Closed joint stock company (JSC)

• Limited partnership

• General partnership

Limited liability company (LLC)

• This company can be established by one shareholder

• The shareholders contribute with their parts to the share capital

• The liability of its members is limited to the amount of contribution made to the company

Open joint stock company • The company can be established by one or

more founders, individuals, or legal entities

• The shareholders must be authorized through insurance

• The company may freely transfer shares to the public

• The company must include Board of Directors, Supervisory Council and Audit Commission elected at the General Meeting of Shareholders

Closed joint stock company

• The company can be established by one or more natural persons or legal entities

• The shareholders must have a common capital divided into shares

• The company cannot issue transferable shares

Limited partnership

• The company established by at least two founders

• The company must have at least one general partner and at least one limited partner

General partnership

• The company can be formed by at least two members, individuals or legal entities

• The shareholders have the same rights and obligations as they are general partners

• The shares of general partners are not transferable.

Steps for company registration in Azerbaijan

• providing a company name

• providing a set of identification documents

• setting-up a the bank account for share capital

• submitting the registration documents with the Ministry of Taxes of Azerbaijan

Necessary documentation and information

• providing a guarantee letter from the lesser as proof of address

• providing passport copies of the shareholders and board members, and other documents

• setting-up a bank account for the injection of the share capital

• submitting the company registration file with the Ministry of Taxes of Azerbaijan

Requirements for Company  Formation in Azerbaijan

• Any person of any nationality or residence can be shareholder in a Portugal company

• The Board of Directors should be comprised of at least two members

• The company must hold a local registered office

• Registering the company for VAT purposes

Services Provided for Company Registration in Azerbaijan

• drafting the Articles of Association

• offering a Registered Office in Azerbaijan

• setting up a share capital bank account

• recommending an accountant in Azerbaijan

• VAT registration

Thank you for your attention

Please contact us for more information at

office@bridgewest.eu

www.bridgewest.eu/company-formation-Azerbaijan

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