Study of Small and Medium Enterprises in Azerbaijan - IFC

Business registration after ‘one-stop-shop’
Step 1. Obtain confirmation of the company’s legal address from the proposed landlord – 1 day
Step 2. A notary notarizes application and relevant registration documents – 1 day
Step 3. Deposit the charter capital in a bank and obtain a receipt; pay the state registration fee and get a receipt – 1 day
Step 4. State registration with the tax authorities (including registration as a taxpayer) – 3 days
1. Standard application form;
2. Founding documents – the charter of the entity approved by the founder or his/her legal representative, resolution on establishment
and approval of its charter;
3. Bank receipt confirming the payment of the state registration fee;
4. If the founder is a legal entity – notarized copy of the certificate on registration (extract from state registry) and the charter;
5. If the founder is an individual – copy of his/her identity card;
6. A document confirming the legal address of the entity (this document may be a notarized rental agreement, lease, or free-of-charge
use contract, or notarized agreement on use of legal address of object’s proprietor (owner), or document confirming ownership of the
property;
7. In case of appointment of an authorized representative, a copy of his/her identity card.
Step 5. Obtain a company seal – 1 day
Step 6. Open a permanent bank account – 1 day. Required documents
1. Standard application form;
2. Notarized copy of certificate on state registration;
3. Notarized copy of the charter of the company;
4. Stamp and signature sample card – notarized;
5. A special authorization form – “Notification duplicate” issued by the local tax authorities (where the LLC has been registered) and addressed
to a bank where the company’s account is to be opened.
Comment: according to the rules for opening, operating, and closing of bank accounts the bank must fill in the required information and
return the portions of the notification duplicate to the tax authority. In practice however, most applicants still have to return the notification
duplicate to the tax authorities in person.
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St u d y o f Sma l l a n d Me d i u m Ent e r p r i s es in Az e r b a i j a n