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Study of Small and Medium Enterprises in Azerbaijan - IFC

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Bus<strong>in</strong>ess registration before ‘one-stop-shop’ (cont<strong>in</strong>ue)<br />

Step 8. Register with the State Social Protection Fund <strong>and</strong> obta<strong>in</strong> registration number – 5 days. Required documents:<br />

1. St<strong>and</strong>ard application form;<br />

2. Notarized copy <strong>of</strong> the charter;<br />

3. Notarized copy <strong>of</strong> certificate on state registration;<br />

4. Notarized copy <strong>of</strong> extract from the State Registry <strong>of</strong> Bus<strong>in</strong>ess Entities;<br />

5. Notarized copy <strong>of</strong> certificate on statistics registration;<br />

6. Notarized copy <strong>of</strong> tax ID (TIN tax payer’s identification number);<br />

7. Notarized copy <strong>of</strong> evidence <strong>of</strong> the legal address;<br />

8. Decision <strong>of</strong> the founder or resolution <strong>of</strong> the general meet<strong>in</strong>g <strong>of</strong> founders on appo<strong>in</strong>tment <strong>of</strong> manager to the legal entity;<br />

9. Copy <strong>of</strong> LLC manager’s ID.<br />

Step 9. Register with employment centers (simultaneous with step 8) – 2 days<br />

Step 10. Register for VAT purposes – up to 7 days (if needed, depend<strong>in</strong>g on turnover)<br />

Step 11. Open a permanent bank account – 1 day. Required documents:<br />

1. St<strong>and</strong>ard application form;<br />

2. Notarized copy <strong>of</strong> the charter;<br />

3. Notarized copy certificate on state registration;<br />

4. Notarized copy extract from the state registry <strong>of</strong> commercial entities;<br />

5. Notarized copy <strong>of</strong> certificate on statistics registration;<br />

6. Copy <strong>of</strong> tax ID (tax payer’s identification number);<br />

7. Decision <strong>of</strong> the founder or resolution <strong>of</strong> the general meet<strong>in</strong>g <strong>of</strong> founders on appo<strong>in</strong>tment <strong>of</strong> manager to the legal entity;<br />

8. Stamp <strong>and</strong> signature sample card – notarized;<br />

9. A special authorization form – “notification duplicate” – issued by the local tax authorities (where the LLC has been registered) <strong>and</strong><br />

addressed to a bank where the LLC’ account is to be opened. The notification duplicate must be issued by the tax authorities with<strong>in</strong> two<br />

days upon LLC application;<br />

10. A special authorization form - “notification duplicate,” which is issued by the local department <strong>of</strong> the State Social Protection Fund (where<br />

the LLC has been registered) <strong>and</strong> addressed to a bank where the LLC’ account is to be opened. “Notification duplicate” must be issued by<br />

SSPF with<strong>in</strong> two days upon LLC application.<br />

Step 12. Return the notification form(s) to the tax <strong>of</strong>fice <strong>and</strong> local department <strong>of</strong> the State Social Protection Fund - 1 day<br />

Step 13. Obta<strong>in</strong> workbooks for employees from the M<strong>in</strong>istry <strong>of</strong> Labor <strong>and</strong> Social Protection (this step is required when<br />

the employer hires employees without previous work experience) – 1 day. Required documents:<br />

1. St<strong>and</strong>ard application form;<br />

2. Reference issued by the Employment Centre (<strong>of</strong> the M<strong>in</strong>istry <strong>of</strong> Labor <strong>and</strong> Social Protection) confirm<strong>in</strong>g the number <strong>of</strong> employees.<br />

Aze r b a i j a n Bu s i n e s s En a b l i n g En v i r o n m e n t Pr o j e c t 59

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