Subsidiary Registration in Azerbaijan

17 October 2023by info@acon.az

Subsidiary registration in Azerbaijan

Establishing a subsidiary registration in Azerbaijan Azerbaijan is a strategic move for any company, whether it has an existing presence in the country or is venturing into this promising market for the first time. Azerbaijan offers a range of legal entity options for commercial and contract purposes. Including joint stock companies, limited liability companies, and additional liability companies. In this informative guide, our team of experts specializing in subsidiary setups in Azerbaijan will provide you with essential insights.

Key Features of an Azerbaijani Subsidiary

Azerbaijani subsidiary comes from its parent company. While the parent company contributes assets to the subsidiary, it typically does not bear responsibility for the subsidiary’s obligations. However, certain exceptions exist, such as liability to third parties, minority shareholders, and in cases of bankruptcy.

For instance, if the subsidiary faces bankruptcy due to the parent company’s negligence in executing its instructions, the parent company should be accountable for the subsidiary’s obligations. Our team of experienced Azerbaijan company formation consultants can offer comprehensive information on this aspect.

The parent company and its Azerbaijani subsidiary share liability for obligations from parent company directives, even without bankruptcy.

An LLC or a joint-stock firm is dependent if it owns over 20% of another’s capital or voting shares. Any legal entity or partnership acquiring such qualifying ownership is required to promptly disclose this information to the public.

Subsidiary Registration Procedures in Azerbaijan

ACON Law Firm, to establish a limited liability company in Azerbaijan, you will need to follow a set of seven procedures, with an estimated timeframe of 11 days. the Civil Code regulates the registration process. This process is notably swifter than the regional average for Eastern Europe and Central Asia and considerably faster than the global average. Our team of company registration lawyers in Azerbaijan stands ready to assist you in seamlessly creating such a company.

Setting up an Azerbaijani subsidiary is straightforward, requiring only notarized or translated incorporation documents and the parent company’s charter. For business operations through a subsidiary, our knowledgeable lawyers in Azerbaijan can provide you with comprehensive information.

The process of establishing a subsidiary in Azerbaijan can be efficiently overseen by our team of dedicated company formation lawyers.

Should you have any further inquiries regarding Azerbaijani subsidiaries or require assistance with the company setup process in Azerbaijan, please don’t hesitate to reach out to us. Our experts are here to guide you every step of the way.

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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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