Registration of enterprises to foreigners

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Registration of enterprises to foreigners

Registration of enterprises in Azerbaijan to foreigners

The 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.

In Azerbaijan, registration of a legal entity is carried out on the basis of the “one window” principle; an application is submitted to the tax service and takes a short time, 2 business days. When a company is registered in Azerbaijan, tax registration is also carried out simultaneously. After registration, in order to start work, it is also necessary to perform some actions: carry out registration in extra-budgetary funds and statistical offices, as well as open a current account.

The procedure for registering a company for a foreigner is almost the same as for the citizens of Azerbaijan. The difference is only in the set of documents provided.

It is not necessary for the founder to live, and stay on the territory of the RA when establishing a company, and a question with his/her residence or residency permit stands no longer. Owning a business is also possible from abroad.

A foreign citizen can be a director of an LLC before receiving a work permit; after registration he/she has the right to apply to the migration service to obtain a temporary residence in Azerbaijan as a founder or director of the company.

A foreign citizen may be a director of an LLC without residing in Azerbaijan.

Why Should You Choose Just Us?

A company that has been accredited by the European Bank for Reconstruction and Development for a consultancy program for small business in Azerbaijan

“SME” LLC has extensive experience in creating LLCs with participation of foreign citizens. We have developed effective methods of working with foreign citizens of different countries, which can significantly reduce the time required to create a legal entity and quickly resolve all issues.

The company that has created more than 500 enterprises for start-ups
We are confident in the knowledge and experience of our employees. Each of them is a high-level professional in his/her field
Possibility to pay based on bank transfer
Over the years of our activity, we have decided many legal processes and are ready to make you profitable offers
We value the time of our customers;

Our services in the field of registration of enterprises in Azerbaijan for foreigners

Opening of branches and representative offices of a foreign company in Azerbaijan
Registration of a company without leaving for Azerbaijan
Consultation at all stages of company creation
Providing a legal address
Accounting, tax and legal support of a new company at the request of the client
Obtaining work permits in Azerbaijan for company employees
Opening a current account
Assistance with choosing a tax system
Preparation of a seal
Obtaining an electronic digital signature (ASAN IMZA)
Registration of the organization in extra-budgetary funds and statistical bodies

What documents are required for foreigners to register an enterprise in Azerbaijan?

Company name
Form of incorporation
A copy of the founders’ and director’s documents (identity card and passport)
Bank (branch) to open an account
Information on composition of participants (share in the authorized capital)
Information about the director (executive director)
Legal address
Notarized power of attorney with an apostille

What documents are required to register an enterprise in Azerbaijan if the founder is a foreign legal entity?

Notarized copies of certificates of state registration (extract from the state registry) and the Articles of Association of the legal founder entity
2 copies of the Articles of Association approved by the founder(s) or an authorized representative of the enterprise
Decision to create a company, approval of its Articles of Association and formation of governing bodies
If the founder is a foreign legal entity, then documents confirming its registration in a foreign country – a notarized copy of the registration certificate (extract from the registry) and other documents (legalized (taking into account the Hague Convention of 1961, which cancels the requirement to legalize foreign official documents))

Additional Services in the Field of Corporate Law

Preparation of transactions with shares, agreements between shareholders, investment agreements and contracts, as well as tax and legal advice
Apostille (legalization) of documents
Change of the director and founders
Change and addition of activities
Change in share capital
Registration of closed and open joint-stock companies
Registration of securities (shares) in the executive body and depository centre

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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