Buying and Selling a Business

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Buying and Selling a Business

Buying and Selling a Business in Azerbaijan

In 2020, the European entrepreneurial organization EuСham placed Azerbaijan in the 41^st place in the ranking of the countries with the most favourable business environment. When compiling the rating, the analysis of the World Bank and the corruption perception index were considered and EU highly appreciated the work on implementation of electronic declarations and preliminary declaration service.

Reforms carried out by the tax service create the basis for achieving high results in international ratings. In the World Bank’s Doing Business 2019 Report, which presents its own rating of ease of doing business in 190 countries of the world, the Republic of Azerbaijan has improved its position and takes the 25^th place.

Two indicators of Doing Business, Starting a Business and Paying Taxes, are directly related to taxation issues. Azerbaijan has significantly improved its position in both indicators; over the past year, Azerbaijan has grown from the 18^th to the 9^th place in the Start Business indicator, and from the 35^th to the 28^th place in the Tax Payments indicator.

The experience of our specialists will help you carry out the purchase and sale of a ready-made business with the lowest legal risks and costs.

Our Services When Buying or Selling a Business

“SME” LLC has established itself in the legal services market as a team of experienced professionals representing professional assistance to enterprises and organizations, business owners who want to “buy”, “sell”, prepare a business for “sale” or verify the acquired business by means of an independent team of experts.

Within the framework of their activities, our specialists provide legal services which are an integral part of services for support of transactions of “sale” of business, property and assets and include:

Legal verification of information and documents of the company for compliance with applicable law
Legal support of transactions for sale of a finished business
Participation in negotiations, development of transaction schemes;
Registration and organization of the sale transaction of a finished business, its implementation
Drafting legal documents, including protocols, agreements, acts, decisions, etc.
Participation in negotiations, development of transaction schemes
Assessment of the business when selling or buying
Market research
Support for registration procedures

Legal Support for Purchase of a Business

Accompanying the acquisition of an enterprise is an important procedure, which includes a detailed analysis of all information about the enterprise, checking confidential information or factors that could adversely affect future business activities.

Experienced lawyers accompanying sales transactions pay attention to important points: they check the value of the proposed transaction in the form of debts or obligations of the company, pay attention to ensuring the smooth operation of the company after the change of ownership.

Why Should You Choose Just Us?

Over the years we have acquired many customers and then friends who trust us; “SME” LLC has direct access to the business owners of more than 700 companies in Azerbaijan; we get a lot of tempting offers for sales of ready-made businesses which are not possible found through websites or resellers.

Business reputation is one of the most important strategic advantages of our company
“SME” LLC has direct access to the business owners of more than 700 companies in Azerbaijan
We are engaged in development of business plans, and business valuation (these services may be needed to make a business purchase decision)
We are confident in the knowledge and experience of our employees. Each of them is a professional of a high level in their field
A base of attractive business sales offers from our customers

Consulting company “SME” was founded by Doctor of Economics and lawyer Namazov Ilgar in 1990.

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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.

Vugar Abdullayev

Chief accountant

Vugar Abdullayev has over 14 years of experience in accounting. He possesses deep knowledge in financial accounting, tax planning, auditing, and budgeting. He specializes in preparing financial statements, managing tax risks, controlling cash flows, and ensuring regulatory compliance.

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