Name: Acon
Brand: Acon
Rating: 5 (359 reviews)

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

Note: Additionally, individuals seeking a deposit-based residence permit in Azerbaijan can also obtain the permit for their spouse, children, and parents over the age of 65. This means your immediate family members can also legally reside in Azerbaijan under your permit.

📄 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

1. Open a bank account in Azerbaijan
2. Deposit the required amount (e.g., AZN 100,000)
3. Get a bank letter confirming your deposit
4. Collect other required documents
5. 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

👉 For more detailed information about all types of residence permits in Azerbaijan, including legal grounds, step-by-step guidance, and updated requirements, click this link to read.

FAQs:

How much money should I deposit to apply for a residence permit?

You must deposit a minimum of AZN 100,000 (approximately 60,000 USD) in a licensed Azerbaijani bank.

Can I use the deposited money during the permit period?

No, the deposit must remain untouched in the account for the entire duration of the residence permit.

Is the deposit-based residence permit renewable?

Yes, it can be extended annually as long as the conditions are still met.

How long does it take to get the residence permit?

The application process usually takes about 20 working days from the date of submission.

Can my family members also get a residence permit through my deposit?

Yes, your spouse, children, and parents over 65 can also be included under your deposit-based permit.

Do I need to open a bank account in Azerbaijan?

Yes, you must personally open a local bank account to place the deposit.

Is a deposit-based residence permit suitable for retirees?

Yes, it’s an excellent option for retirees who want to reside in Azerbaijan without starting a business or buying property.

Is this a safe way to obtain a residence permit in Azerbaijan?

Yes, it is a fully legal and government-accepted method with minimal risk.

Can I withdraw my money after the permit expires?

Yes, you may withdraw your funds whenever you want.

Will I earn interest on the deposited amount?

That depends on the terms offered by your selected bank. Interest rate: 9-12 %

Is legal assistance required?

It’s not mandatory, but working with professionals will guarantee your application.

Residence Permit in Azerbaijan via Bank Deposit – ACON Consulting