Company Registration

For sole business purposes, no local director or minimum local employee requirements are specified by the laws. Further requirements and criteria apply in order to qualify for residency of Azerbaijan.

No such minimum share capital requirement is prescribed by the laws. However, it must be emphasized that where the director of the company intends to apply for residency permit in Azerbaijan on the base of company (business) in Azerbaijan, minimum share capital shall not be less than 50 000 AZN (Approx. 29 500 USD)

Yes, joint venture may be formed in the form of a legal entity owned by two shareholders acting under the shareholder agreement and the articles of association. It is also possible to organize joint venture in the form of project, i.e. joint business agreement without establishing a legal entity.

No such requirement is prescribed by the laws, although having residency card of Azerbaijan may accelerate processes for e-signature purposes, it is not required to have residency card of Azerbaijan in order to be a shareholder of a company in Azerbaijan. 

Company types in Azerbaijan are as follows: Limited Liability Company, Additional Liability Company, Open Joint Stock Company, Closed Joint Stock Company, General Partnership, Limited Partnership, Flat-Construction Cooperatives.