{"id":1075,"date":"2021-08-24T16:48:39","date_gmt":"2021-08-24T12:48:39","guid":{"rendered":"https:\/\/smeltd.az\/faq\/"},"modified":"2021-10-29T09:54:24","modified_gmt":"2021-10-29T05:54:24","slug":"faq","status":"publish","type":"page","link":"https:\/\/smeltd.az\/en\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"\t\t
Azerbaijan\u00a0tax\u00a0system ranks among the best in the world.\u00a0Tax\u00a0rates and\u00a0tax\u00a0payment\u00a0methods in Azerbaijan are relatively simple and clear. Companies and individual entrepreneurs with\u00a0tax\u00a0identification number shall either obtain online\u00a0tax\u00a0login and password by signing an agreement with the\u00a0tax\u00a0authority or obtain ASAN signature (E-signature activated via mobile phone number).<\/p>\n
If the question \u201cHow\u00a0to\u00a0pay\u00a0tax\u00a0in Azerbaijan ?\u201d is understood as a technical one. The answer would be that in order to\u00a0pay\u00a0taxes\u00a0in Azerbaijan it is important to login to\u00a0e-taxes.gov.az<\/a>\u00a0system for proper\u00a0tax\u00a0filing and then by obtaining relevant treasury codes, again via online banking methods (usually accessible via ASAN imza or other online login setup of banks) by identifying the relevant code of the\u00a0tax\u00a0all\u00a0taxes\u00a0are\u00a0paid\u00a0via bank transfer. In addition to this, it is also possible to\u00a0pay\u00a0taxes\u00a0at any bank in Azerbaijan. It must be noted that in that case,\u00a0tax\u00a0payment\u00a0receipts must be kept. It is suggested to\u00a0pay\u00a0taxes\u00a0online via online banking systems.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t Any foreigner has equal rights regarding buying personal property in Azerbaijan as local citizens. A foreigner can buy real estate (immovable property) in Azerbaijan, with the exception of land. In other words, if you a foreign citizen or stateless person, you can buy a house, villa, apartment, commercial property and other property, but not land. Therefore, if you are not planning to buy land as a foreigner, you enjoy similar rights as local citizens.<\/p>\n Buying property in Azerbaijan usually covers the following processes:<\/strong><\/p>\n A foreigner can freely dispose or sell the property and transfer the proceeds as any local person. Azerbaijani legislation does not discriminate regarding such rights between foreigner or a local person.<\/p>\n For details or questions, please contact us.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t Getting Azerbaijani nationality is possible under naturalization as specified by the Law on Citizenship. For that, 5 years of continuous permanent residence, legal source\u00a0 \u00a0of income, undertaking to abide by the Constitution and laws of Azerbaijan, and knowledge of Azerbaijani language is required.<\/p>\n In practice, a person shall start the process by obtaining residence permit. After staying in Azerbaijan 2 years via temporary residence permit, it is possible to apply for permanent residence. The 5 year period starts running from the date of the permanent residence card. A person shall learn and pass a test of Azerbaijani language\u00a0 \u00a0 \u00a0 and have legal source of income.<\/p>\n Applications are submitted to the State Migration Service, bu Azerbaijani President has the authority to grant Azerbaijani nationality.<\/p>\n For further questions, please contact us.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t Registering a company (Limited liability Company) in Azerbaijan is simplified and requires minimal documentation, such as application form, company incorporation documents (Articles of Association,\u00a0Incorporation decision of shareholders). The Registration Authority is the Ministry of Taxes. If a foreign person has local migration registration in Azerbaijan, it is possible to register a company in Azerbaijan online within a couple of minutes.<\/p>\n For detailed information please click\u00a0here<\/a>.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t In practice TRP is issued for 3-12 months.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t No, Azerbaijan is member of the Council of Europe, but not the EU yet.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t During negotiations, it is necessary to carefully approach difficult suppliers. Consideration should be given to the circumstances when choosing negotiation methods. As more suppliers are available as alternatives, this allows the purchasing department to use more \u201ctough\u201d negotiating tactics. Fewer available alternatives will require the purchasing department to use more \u201cselling\u201d persuasion methods.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t Even in the most tactical purchasing roles, the buyer must be able to visualize the purchasing process from start to finish. Each of these nine steps in the tactical buying process must be known inside and out:<\/p>\n Income tax for employees in non-oil private industries is 0% where the monthly salary is below 8\u202f000 AZN <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t No such requirement is specified. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t Yes, a company may be owned 100% by a foreign individual person or company. There is no requirement to have a mandatory local shareholder, local director or any local partner in Azerbaijan. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t VAT reports are submitted monthly.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t Agency for Agrarian Credit and Development under the Ministry of Agriculture, Mortgage and Guarantee Fund, State Fund for the Development of Information Technologies<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\n
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