Doing Business in Azerbaijan 2009 - Azerbaijan Export ...

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COUNTRY INFORMATION 11 Azerbaijan: State, geography and history in brief 12 Snapshot of the Azerbaijani Economy 21 BUSINESS CLIMATE 29 Business conduct framework and FDI regime 30 Company Incorporation 35 Acquisition & ownership of land and property 42 Obtaining licenses 44 Hiring & Firing 46 Foreign trade regulation 50 Currency regulation & repatriation of profit 53 Taxes 56 Accounting 59 Intellectual property 62 Dispute resolution & arbitration 65 Privatization 70 SECTORS REVIEW 79 Oil & Gas (With Regulatory Framework) 80 Minerals & mining 87 Energy 87 Agriculture 93 Food and Beverages 95 Telecoms & IT 99 Construction 103 Textile & cotton 106 Transport & logistics 107 Tourism & Hotel Management 110 Financial sector: banks, insurance & leasing 111 Development parameters of the banking system 112 Capital market 118
OVERVIEW OF THE REGIONS 127 Absheron economic region 128 Aran economic region 129 Daglig Shirvan economic region 130 Ganja-Gazakh economic region 131 Guba-Khachmaz economic region 132 Lankaran economic region 132 Nakhchivan economic district 133 Sheki-Zagatala economic region 134 Yukhari Garabag and Kelbajar-Lachin economic regions 135 GENERAL INFORMATION 141 Living & Working in Azerbaijan 142 Labour market 147 Visas & Work Permits 147 Business etiquette 150 Useful hints 162 USEFUL CONTACTS 169 Ministries, State Committees and Agencies 170 Embassies of the Republic of Azerbaijan abroad 174 Hotels 181 Hire and rental of cars 182 Notary offices 182 Consultant services 183 Emergency phone numbers 183 ANNEXES 187 MAP OF AZERBAIJAN 2009 DOING BUSINESS IN AZERBAIJAN 9 CONTENTS
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Page 6: “During recent five years, the ec
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Page 20 and 21: Heydar Aliyev, President of the Rep
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Page 31 and 32: Abundant resources Azerbaijan is ri
Page 33 and 34: The Government will continue the po
Page 35 and 36: places in the ranking, the biggest
Page 37 and 38: of documents produced and executed
Page 39 and 40: the JSC only to the extent of their
Page 41 and 42: esponsible for its obligations. Lik
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Page 45 and 46: government agency entrusted to exer
Page 47 and 48: labour duties when no notice is req
Page 49 and 50: Overtime and work during days-off (
Page 51 and 52: Azerbaijani law recognizes several
Page 53 and 54: Currency regulation & repatriation
Page 55 and 56: 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
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Business visits account for the maj
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During the year total bank assets i
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Significant works continued in 2008
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It should be noted that since 1993
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Disclosure Requirements The Civil C
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BSE turnover mln. AZN SECTORS REVIE
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Aran economic region Aran is centra
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asphalt, mineral waters, spinning a
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The region is rich in brick, bank s
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chemical industry locally. There ar
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Daglig Shirvan Sheki-Zagatala Lanka
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139 Ilan Dag mountain. Nakhchivan r
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Tel.: (+99412) 4985094 Fax: (+99412
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Tel.: (+99412)4901323; Fax:(+99412)
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Tel: + 420 246032422; Fax: + 420 24
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Tel.: (73172) 24 15 81; Fax: (73172
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Tel.: +966(1)4192382; Fax: +966(1)4
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Tel.: (99412) 4901234; Fax: (99412)
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Consultant services Tel.: (99412) 4
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185 Face Pattern of the Momine Khat
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This publication prepared by: AZERB
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