Doing Business in Azerbaijan 2009 - Azerbaijan Export ...

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162 DOING BUSINESS IN AZERBAIJAN politely point out you were in the line before them although most of the time this will make little difference. Language Policy All state bodies, local authorities, state agencies, political parties, non-governmental organizations (funds and public associations), trade unions, and legal entities (including their representative or branch offices) are required to use Azerbaijani in their official interactions and transactions. Any notarization, legalization, registration or other forms of documentation in a foreign language require translation into Azerbaijani with subsequent notarization of the translation. Seals and stamps of entities operating in the Republic of Azerbaijan must be in Azerbaijani. Letterheads, signage, announcements, advertisements, price lists, price tags, labels, and certifications and instructions applying to goods produced in Azerbaijan (and all other visual information) must be in Azerbaijani and, additionally, may be in other languages where necessary or desirable. For services rendered to foreigners, a foreign language may be used together with Azerbaijani. Useful hints Weights & measures Azerbaijan uses metric system Time Greenwich + 4 hour Language The state language is Azerbaijani (Azeri), besides; the overwhelming majority of the population speak fluent Russian, many of them
understand and speak Turkish, Persian, Georgian and other languages. In the hotels, bars and company offices, English is prevalent. Visas The duration of a visa can be either short-term (from 3 days to 3 month) or long-term (up to one year) and are categorized as either business or tourist visas. They are registered through the Ministry of Foreign Affairs. Currency The national currency is Azerbaijani manat (AZN). 1US$ equaled approximately 0,82 AZN in 2008. Exchange of any currency is carried out in banks or numerous bureau de change. Banks usually work from 10.00 to 17.00-18.00. Credit Cards In hotels, big trade centres and supermarkets, international credit cards and USD are accepted. In small stores and restaurants cash is paid (as a rule in local currency). Communication The telephone communication system is effective and mobile coverage is extensive. Hotels have direct international dialing codes in addition to related business facilities; fax, computers, internet etc. Internet services are also rendered in numerous internet cafes in Baku and main cities. Public phones are rare. Mass Media Along with Azerbaijani newspapers and magazines local newspapers in English and Russian are available. Foreign English press is available in large hotels and by subscription. GENERAL INFORMATION 1USD 0.801AZN 1EURO 1.129AZN 1GBP 1.162AZN 1RUB 0.027AZN *as of december 30, 2008 163
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DOING BUSINESS IN AZERBAIJAN 2009 A
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“During recent five years, the ec
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OVERVIEW OF THE REGIONS 127 Abshero
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12 DOING BUSINESS IN AZERBAIJAN Coa
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14 DOING BUSINESS IN AZERBAIJAN wit
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16 DOING BUSINESS IN AZERBAIJAN Aze
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18 DOING BUSINESS IN AZERBAIJAN Nob
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Heydar Aliyev, President of the Rep
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24 DOING BUSINESS IN AZERBAIJAN For
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26 DOING BUSINESS IN AZERBAIJAN
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2009 DOING BUSINESS IN AZERBAIJAN 2
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Abundant resources Azerbaijan is ri
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The Government will continue the po
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places in the ranking, the biggest
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of documents produced and executed
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the JSC only to the extent of their
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esponsible for its obligations. Lik
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• Ownership and other property ri
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government agency entrusted to exer
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labour duties when no notice is req
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Overtime and work during days-off (
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Azerbaijani law recognizes several
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Currency regulation & repatriation
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Residents can export hard currency
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on cars, buses and trucks depending
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Accounting The new Accounting Law 2
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As mentioned above separate chart o
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utility models, trademarks, and geo
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Rights to computer programs, databa
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elating to administrative offences;
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• an award contravenes legislatio
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economy such as transport, communic
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Interest and penalties Breach* Fine
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76 DOING BUSINESS IN AZERBAIJAN
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2009 DOING BUSINESS IN AZERBAIJAN 7
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of Azer baijan’s total reserves).
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17, 2003. Following that the Presid
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whatsoever in respect of their oil
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Minerals & mining Apart from major
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The Japanese company Tepsco and Fin
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Production and consumption of elect
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Agriculture Production of Azerbaija
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While in 1991 only 39 thousands hec
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Peak production of a number of prod
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Telecoms & IT Azerbaijani telecommu
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facilities of this satellite and ha
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Construction Legislation Pursuant t
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As market research in the field sho
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There are also opportunities for le
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agencies and investors in transport
Page 111 and 112: Business visits account for the maj
Page 113 and 114: During the year total bank assets i
Page 115 and 116: Significant works continued in 2008
Page 117 and 118: It should be noted that since 1993
Page 119 and 120: Disclosure Requirements The Civil C
Page 121 and 122: BSE turnover mln. AZN SECTORS REVIE
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Page 127 and 128: 2009 DOING BUSINESS IN AZERBAIJAN 1
Page 129 and 130: Aran economic region Aran is centra
Page 131 and 132: asphalt, mineral waters, spinning a
Page 133 and 134: The region is rich in brick, bank s
Page 135 and 136: chemical industry locally. There ar
Page 137 and 138: Daglig Shirvan Sheki-Zagatala Lanka
Page 139: 139 Ilan Dag mountain. Nakhchivan r
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Page 169 and 170: 2009 DOING BUSINESS IN AZERBAIJAN 1
Page 171 and 172: Tel.: (+99412) 4985094 Fax: (+99412
Page 173 and 174: Tel.: (+99412)4901323; Fax:(+99412)
Page 175 and 176: Tel: + 420 246032422; Fax: + 420 24
Page 177 and 178: Tel.: (73172) 24 15 81; Fax: (73172
Page 179 and 180: Tel.: +966(1)4192382; Fax: +966(1)4
Page 181 and 182: Tel.: (99412) 4901234; Fax: (99412)
Page 183 and 184: Consultant services Tel.: (99412) 4
Page 185: 185 Face Pattern of the Momine Khat
Page 188 and 189: 188 DOING BUSINESS IN AZERBAIJAN An
Page 210: This publication prepared by: AZERB
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