Day: October 6, 2026

Medical Device Labeling in Azerbaijan: Language and Packaging Rules

Labeling is the part of a medical device dossier that looks simplest and still causes a surprising share of delays. Azerbaijan’s rules here are clear — the challenge is applying them precisely to every box, insert, and label. Short answer: Medical devices registered in Azerbaijan must have their instructions for use translated into Azerbaijani, with […]

Re-Registration of Medical Devices in Azerbaijan: Deadlines and Process

A medical device registration certificate in Azerbaijan doesn’t renew itself. Missing the re-registration window can leave a previously approved device temporarily without legal status on the market. Short answer: A medical device registration certificate in Azerbaijan is valid for 5 years. The re-registration application must be submitted to the Analytical Expertise Center (AEC) at least […]

Restoring Accounting Records in Azerbaijan

Neglected bookkeeping doesn’t get fixed the same way ordinary ongoing accounting works — you first need to figure out what actually happened with the documents during the missed period, and only then rebuild the process. Short answer: Restoring accounting records in Azerbaijan is a separate service from ongoing support: it involves collecting and organizing primary […]

Industrial Parks and the Alat Free Economic Zone: Terms for Investors in Azerbaijan

For a manufacturing project in Azerbaijan there are special regimes: industrial parks with tax and customs incentives, and the Alat Free Economic Zone with its own legislation. Here’s how they differ and who each one suits. Short answer: Industrial park residents are exempt for 10 years from registration from profit tax (income tax for individual […]

What Happens If You Stop Operating a Company in Azerbaijan Without Liquidating It

Walking away from a company in Azerbaijan without formally closing it doesn’t make its obligations disappear — the company stays on the state register, and so do its reporting duties. Short answer: A company in Azerbaijan that stops operating but isn’t formally liquidated continues to exist on the state register, which means tax filing obligations, […]

Changing a Company Director or Founder in Azerbaijan

A change in who runs or owns a company in Azerbaijan isn’t effective the moment it’s decided internally — it needs to be reflected in the state register before it’s recognized externally, by banks, counterparties, or authorities. Short answer: Changing a company’s director or founder in Azerbaijan requires a formal decision by the relevant corporate […]

Tax Regime for a New Company in Azerbaijan: Simplified Tax or VAT

The tax regime is chosen as soon as a company is registered with the tax authority, and it shapes the tax burden, the reporting and how clients will work with you. Here is when a new company can use the simplified tax and when it operates with VAT. Short answer: A new company can use […]

VÖEN for Foreigners in Azerbaijan: When You Need One and How to Get It

The VÖEN is one of the first things a foreigner starting a business in Azerbaijan runs into. But it isn’t always you personally who needs it: sometimes the number goes to the company, sometimes to the entrepreneur. Here is when and how it works. Short answer: VÖEN is the taxpayer identification number assigned on tax […]

Feasibility Study vs Business Plan: What’s the Difference and Which Does Your Project Need

“Feasibility study” and “business plan” are often confused, and choosing the wrong document costs time: a bank, fund or investor may expect something quite different from what you prepared. Short answer: A feasibility study (texniki-iqtisadi əsaslandırma in Azerbaijani, ТЭО in Russian) tests whether a project is technically achievable and economically justified, and helps pick the […]

What Determines the Cost of a Business Plan in Azerbaijan

There is no single answer to “how much does a business plan cost”: two plans for the same investment amount can require completely different amounts of work. Here is what drives the workload — and therefore the cost. Short answer: The cost of a business plan depends on the workload: who it is for (a […]

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Ali Abdullayev

Head of Sales Department

Ali Abdullayev is a specialist with strong expertise in sales, logistics, and business management. He graduated from the Azerbaijan State Technical University and started his career in hospitality (2012–2020), progressing to lead roles in a foreign transport company, where he oversaw accounting and logistics for over five years. He also served as Head of Sales in an automotive firm. Today, he leads the sales department, drives the company’s external sales direction, and builds long-term relationships with international partners.

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Rimma Zeynalova

Chief legal lawyer

Rimma holds a master’s degree in law from the Moscow State Industrial University, which she obtained in 2017. With over 7 years of experience in the legal field, Rimma specializes in corporate law, commercial law, dispute resolution, and legal consultations in tax and labor law. She has extensive experience in client work, negotiations, and representing company interests in court.

Subhan Namazov

Founder and director of the company

Subhan has many years of experience in business management and development. He holds a master’s degree in management from Western University of Azerbaijan.
His specialization includes corporate law, where he helps companies establish a legal foundation for effective management and growth. In tax law, Subhan ensures the optimization of tax strategies and compliance with legislation, facilitating successful business financial planning. In financial and banking law, he provides consulting on legal aspects of financing and banking operations, which strengthens the financial stability of the company’s clients and partners.
With his expert support in these areas, Subhan successfully helps companies achieve their goals by solving complex legal and managerial tasks.

Panfyorova Sofya

Accountant - specialist

She obtained a bachelor’s degree in world economics from the Azerbaijan State University of Economics. Sofya has experience in accounting and specializes in maintaining records, preparing tax reports, analyzing financial data, and drafting budgets. Her professional practice includes client interaction, financial audits, and ensuring compliance with tax laws.

Yelena Ismailova

Lead human resources accountant

She obtained a bachelor’s degree in Finance and Credit from the Azerbaijan State University of Economics in 2006.
Yelena has more than 15 years of experience in accounting and HR administration. She is skilled in payroll accounting, HR documentation preparation, personnel calculations, and ensuring compliance with labor laws. Her specialization includes drafting employment contracts, calculating leave and benefits, maintaining time records, and liaising with regulatory authorities.

Ismail Ismailov

Client manager

Ismail has experience in client management and support. He obtained a bachelor’s degree from the Academy of Public Administration under the President of the Republic of Azerbaijan.
Ismail specializes in identifying and attracting new clients, building long-term relationships with corporate partners, and developing and implementing strategies to improve client experience. His skills include negotiations, contract conclusion, and market data analysis to enhance customer service quality.

Gulustan Isaeva

Junior lawyer

Gulustan graduated with a bachelor’s degree in law from Baku State University in 2024.
Gulustan specializes in preparing legal documents, conducting legal research, organizing meetings, and supporting transactions. She is skilled in business correspondence, client consultations, and assisting the chief legal officer in corporate and commercial law matters.

Nazrin Hajiyeva

Director’s assistant

Nazrin obtained a bachelor’s degree in Accounting and Auditing from the Azerbaijan State University of Economics in 2018.
Nazrin has over 5 years of experience in administrative support. She specializes in coordinating work schedules, organizing meetings and events, handling business correspondence, and preparing reports and documentation. Nazrin possesses excellent project management and interpersonal communication skills, which help her effectively collaborate with employees and clients.

Gunel Bayramzade

Business Partner and Executive Director.

Gunel Bayramzade holds a Bachelor’s degree in English from the Azerbaijan University of Languages. With extensive leadership experience, Gunel Bayramzade serves as the Executive Director and Business Partner at SME. Known for her strategic vision and commitment to improving operational efficiency, Gunel Bayramzade has played a key role in shaping the company’s direction and driving its growth. Her focus on fostering innovation and creating a dynamic work environment has helped SME achieve significant success. Through her keen insight into identifying opportunities and dedication to talent development, Gunel Bayramzade ensures that each team member contributes meaningfully to the company’s success. She strives to maintain a forward-thinking approach while achieving both short-term and long-term goals.

Jafar Alizade

Chief financial director

Jafar received a master’s degree in auditing from the Azerbaijan State University of Economics in 2009. Jafar Alizade has over 15 years of experience in financial management and tax matters. He specializes in budget management, financial analysis, investment planning, and tax expense optimization. Jafar has extensive experience in developing and implementing financial strategies to improve company profitability and sustainable growth, as well as in tax accounting and planning. He is responsible for preparing tax reports, optimizing tax obligations, and interacting with tax authorities. Jafar possesses in-depth knowledge of Azerbaijani law and international tax agreements, allowing him to successfully advise clients on taxation matters.

Ilgar Namazov

Honorary Founder

Ilgar Namazov is one of Azerbaijan’s leading experts in business consulting and business planning, Doctor of Economics, and a lawyer. He has developed over 3,600 business plans and helped attract more than 8 billion manats in investments. He holds an international award and EBRD accreditation under the Small Business Support Programme.

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