Doing Business in Azerbaijan 2009 - Azerbaijan Export ...

places in the ranking, the biggest jump ever recorded by the World
Bank. Reforms affected such areas as Starting a Business, Employing
Workers, Registering Property, Getting Credit, Paying Taxes,
Protecting Investors. A key component for securing the top ranking
was Azerbaijan’s “one-stop shop” also called “single window”
system which was introduced this year and decreased the costs
and paperwork associated with opening up new business in the
country. Azerbaijan is pursuing its goals to ease business conditions
and establishing favorable environment for starting business.
Company Incorporation
A company may start operations in Azerbaijan from the moment of
state registration. Currently, registration authorities for commercial
legal entities are carried out by the Ministry of Taxes of the
Republic of Azerbaijan.
Without a formal registration with the Ministry of Taxes a company
may not open a bank account, clear goods through customs, etc.
Effective 1 January 2008 the new system of corporate registration
is in place, which significantly simplified the registration process
for legal entities.
BUSINESS CLIMATE
Please see Annex 1 for the
list of bilateral treaties on
the encouragement and
protection of investments.
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