If you’re looking for a safe and legal way to stay in Azerbaijan long-term, placing a deposit in a local bank can help you obtain a residence permit. This is a simple and stable option for those who want to live in Azerbaijan without starting a business or purchasing property.
At ACON Consulting, when clients approach us for advice on obtaining a residency, we always recommend the deposit-based residence permit. Why? Because it’s the quickest and simplest way to obtain legal residency. Unlike business-based or property-based residence permits, which require significant time, effort, and lengthy documentation, the deposit-based option offers an efficient process, allowing you to manage your residency in the shortest possible time.
What Is a Deposit-Based Residence Permit?
This permit allows foreign nationals to legally reside in Azerbaijan by placing a certain amount of money (usually a minimum of AZN 100,000 (about 60000 USD)) into a local bank account. The deposit must remain untouched during the permit validity period, and it shows your financial stability to the government.
Who Can Apply?
- Foreigners over 18 years old
- Those who have a clean legal record
- Applicants able to show financial stability
📄 Required Documents
- Valid passport
- Deposit confirmation from a local bank
- Health certificate
- Proof of residence in Azerbaijan
- Completed application form
Step-by-Step Application Process
-
- Open a bank account in Azerbaijan
- Deposit the required amount (e.g., AZN 100,000)
- Get a bank letter confirming your deposit
- Collect other required documents
- Submit your application to the State Migration Service
Processing Time
The application is usually reviewed within 20 working days. If approved, the residence permit is issued for up to one year and can be extended.
Why Choose ACON Consulting and What We Offer?
- We handle the full process from start to finish
- Close cooperation with local banks and authorities
- Legal support and translation services
- Time-saving and stress-free service
💬 Contact Us Today
At ACON Consulting, we help foreigners live legally in Azerbaijan through stable and legal solutions like bank deposit residence permits. Contact us to begin your process and make your relocation simple and secure.
📞 +994 50 990 15 99 | ✉️ info@acon.az