Doing Business in Azerbaijan

12 July 2022by info@acon.az

Exploring Business Opportunities in Azerbaijan

Azerbaijan, a land of thriving business opportunities, beckons entrepreneurs from around the globe. As an emerging hotspot for commerce, it’s crucial to tread carefully through the legal intricacies when doing business in Azerbaijan. That’s where our law firm in Azerbaijan comes into play, providing comprehensive services that cover your corporate needs.

Corporate Law Services

We pride ourselves on offering a diverse range of corporate and commercial legal services. From company formation to mergers and acquisitions, corporate restructuring to bankruptcy and liquidation, we’ve got you covered. Here’s a closer look at what we bring to the table:

Company Formation and Business Registration

Embarking on a business venture in Azerbaijan has never been more enticing. Recent legislative developments have catapulted Azerbaijan into the top 20 countries for ease of starting a business, according to the World Bank’s Doing Business Report. The allure of flexible and modern regulations coupled with promising business prospects has captured the attention of foreign investors. However, to navigate the intricate landscape of business setup, it’s essential to seek professional guidance to ensure a smooth and trouble-free journey.

At ACON Consulting, we bring unique expertise to the table. As contributors to the World Bank’s Doing Business Azerbaijan Reports we offer unparalleled advice during the business formation stage. Our pre-incorporation consultancy delves deep into key areas such as investment, compliance, tax and accounting implications, and legalities. We provide personalized guidance on selecting the optimal legal form for your business, whether it’s a limited liability company, joint-stock company, branch, or representative office. Our recommendations are tailored to be tax-efficient and practical, aligning perfectly with your business objectives.

From the inception of your company, we ensure that all incorporation documents, corporate structure, and internal policies adhere to legal requirements, safeguarding your business interests.

Corporate Legal Services and Liquidation

Discover seamless business operations in Azerbaijan with our comprehensive services. From small businesses to large multinational corporations, we cater to companies of all sizes and industries. Our expertise includes aiding in the establishment of branches or subsidiaries, emphasizing the creation of company by-laws, general terms, and a code of compliance.

Our seasoned team excels in managing company liquidation, bankruptcy, and insolvency cases, offering expert support for both companies and creditors. Whether you need remote or on-site assistance for company registration, we’ve got you covered. We can represent you in Azerbaijan or guide you through the process, ensuring a stress-free and straightforward experience. Explore the possibilities of doing business in Azerbaijan with our reliable and tailored solutions.

Company Registration in Azerbaijan

Registering your company in Azerbaijan is a streamlined process, with only a passport required from foreign citizens. We take care of all incorporation documents, including establishing a legal address, facilitating corporate bank accounts, and guiding you in choosing the right company type.

The following steps are crucial for formal company registration:
  • Application Form: Notarized and submitted to the Ministry of Taxes.
  • Incorporation Documents: Including the company charter and shareholder resolutions.
  • Shareholder Information: IDs and passports.
  • Notarial Consent: If the shareholder is not the legal representative.
  • Registration Fee: Paid in advance, including the charter capital.
  • Submission to the Legal Entity Registration Department at the Ministry of Taxes.
Once registered, you must follow these steps to kickstart your business operations:
  • Obtain ASAN Imza (Mobile Signature) for the legal representative.
  • Acquire a corporate seal for the company.
  • Open a bank account by submitting a copy of the tax certificate.
  • Register the legal representative’s employment agreement.
Comprehensive Corporate and Commercial Legal Services

Our legal services encompass a wide range of corporate and commercial needs:

  • Establishment and registration of legal entities
  • Charter and by-law preparation
  • Branch and representative office establishment
  • Codes of ethics and compliance development
  • Employment contract drafting
  • Legal and tax due diligence
  • Mergers and acquisitions
  • Company liquidation and bankruptcy support
  • Legal consultancy for insolvency situations
  • Asset management during bankruptcy
  • Share transactions and agreements
  • Joint ventures and international agreements
  • Bankruptcy-related reorganization
  • Liquidation

Unlock the full potential of doing business in Azerbaijan with our expert legal guidance. Contact us today to explore the boundless opportunities this vibrant market has to offer.

ACONOffice
Reach out or visit our office to access ACON's exceptional services for your needs.

AZ1025, Azure Business Center, Office 165B, Baku, Azerbaijan
OUR LOCATIONSWhere to find us?
Law firm in Azerbaijan Footer Map
GET IN TOUCHACON Social links
Follow us on social media to stay updated and connected with ACON!
ACONOffice
Reach out or visit our office to access ACON's exceptional services for your needs.
AZ1025, Azure Business Center, Office 165B, Baku, Azerbaijan
OUR LOCATIONSWhere to find us?
Law firm in Azerbaijan Footer Map
GET IN TOUCHACON Social links
Follow us on social media to stay updated and connected with ACON!
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