Start a Business
in Azerbaijan

Start a Business in Azerbaijan with ACON Consulting

Starting a business in Azerbaijan is a smart move for entrepreneurs and investors. The country’s strategic location between Europe and Asia, rich cultural heritage, and growing economy offer numerous opportunities. Azerbaijan ranks 9th out of 190 countries in the World Bank’s 2021 Doing Business Report for ease of starting a business. This high ranking reflects Azerbaijan’s dedication to creating a business-friendly environment. With streamlined procedures, reduced costs for permits, and an efficient online tax system, Azerbaijan makes it easy to start a business. Here’s a comprehensive guide on how to start a business in Azerbaijan with the help of ACON Consulting.

Why Start a Business in Azerbaijan?

• Fast-Growing Economy:
  • Azerbaijan has one of the fastest-growing economies in the region.
  • Achieved a 2.3% GDP growth rate in 2020, even amid the COVID-19 pandemic.
• Diverse Economic Sectors:
  • Strong sectors in energy, agriculture, manufacturing, and tourism.
  • Economic diversity creates a wide range of opportunities for new businesses.
• Simple and Transparent Tax System:
  • Features low tax rates that minimize tax liabilities.
  • Offers various tax incentives and exemptions to attract foreign investors and entrepreneurs.
• Government Support:
  • Actively implements policies to enhance the country’s appeal as a business destination.

How to Start a Business in Azerbaijan

Starting a business in Azerbaijan is straightforward with minimal requirements. For most business types, simply registering the company is enough to begin operations. However, certain business activities, particularly those related to public health, education, and safety, require specific licenses as defined by legislation.

Steps to Start a Business in Azerbaijan

Step 1: Register the Company

The first step is to register your company with the appropriate authorities.

Step 2: Obtain Licenses and Permits

For specific business activities, you may need to obtain the necessary licenses and permits.

Step 3: Set Up Tax Registration

Register for taxes using Azerbaijan’s efficient online tax system.

Step 4: Open a Bank Account

Establish a business bank account for financial transactions.

ACON Consulting’s Expert Guidance

ACON Consulting offers a wide array of professional services to help foreign individuals and businesses establish their presence in Azerbaijan. We understand that each client has unique needs and provide personalized solutions for a smooth business setup experience.

With ACON, you can achieve all essential tasks for launching your business seamlessly. We handle complex and time-consuming matters like registration and permit acquisition, allowing you to focus on growing your business. Our team has successfully assisted several prestigious companies in Azerbaijan and is ready to help you succeed.

Conclusion

Many successful businesses in Azerbaijan have started their journey with ACON Consulting. We are confident that our professional services will accompany you to start a business in Azerbaijan. Let ACON be a part of your partner in Azerbaijan. Contact us!

Read More:

1. Branch Registration in Azerbaijan – https://acon.az/branch-registration-in-azerbaijan/
2. Residence Permit in Azerbaijan – https://acon.az/residence-permit
3. Trademak Registration in Azerbaijan – https://acon.az/trademark-registration-in-azerbaijan

4. Opening a Bank Account in Azerbaijan – https://acon.az/opening-a-bank-account-in-azerbaijan