Registration of legal entities in Azerbaijan

A number of state programs adopted in the Republic of Azerbaijan played an exceptional role in the formation, development and further advancement of entrepreneurship. The adopted tax code of the Republic of Azerbaijan laid the foundation for the creation of a legal tax system that meets modern requirements. The tax system is constantly improved in accordance with the direction of protecting the rights of entrepreneurs and improving the business environment. Many entrepreneurs decide to carry out their entrepreneurial activity by creating a legal entity in accordance with the law. Legal entities whose main purpose of activity is to make a profit (commercial legal entities) or whose main purpose is not to make a profit and do not distribute the profit among its participants (non-commercial legal entities), as well as those engaged in activities of national and (or) public importance ( public legal entities) can be institutions. A legal entity is a state-registered, specially created entity that owns separate property, is responsible for its obligations with this property, acquires and exercises property and personal non-property rights on its own behalf, carries out duties, is a plaintiff in court or has the right to be responsible. A legal entity must have an independent balance sheet. Legal entities can be created by an individual or legal entity, or by a group of individuals and legal entities, may be based on membership, may or may not depend on the presence of members, may or may not engage in entrepreneurial activity. . Legal entities that are non-commercial institutions can be created in the form of public associations, foundations, unions of legal entities, as well as in other forms provided for by legislation. Non-commercial legal entities can engage in entrepreneurial activity only in cases where this activity serves to achieve the goals set at the time of their creation and corresponds to these goals. In order to carry out entrepreneurial activities, non-commercial legal entities may create or participate in economic societies. Before starting the LLC registration, the details of the work, the required steps should be studied and determined in detail. The business must be professionally registered in accordance with the law. For this reason, it is necessary to entrust the registration work to specialists. Our specialists, who have extensive experience in the field of law and accounting, are ready to perform this work for you with high professionalism. "By contacting us, you will save your valuable time and get quality legal assistance services at an affordable price" Our company values the time of our customers and always delivers work on time and ahead of schedule. We present the legal entity (LLC) registration process First stage: Our company controls the entire process from the beginning to the end during the LLC registration process. First of all, in order to start the registration of a newly created company, initial information about the company must be determined: • Company name • Organization legal form; • Copy of documents of founders and director (identity card and passport); • Information about the composition of the participants (distribution of shares in the charter fund); • Information about the director (executive leader); • Types of activities; • Legal address; • Volume of charter capital; • Tax system; • Information about the bank where the account will be opened; Second stage: • Compilation of applications and forms for registration of a legal entity; • Power of attorney; • Azercell (Bakcell, Nar Mobile) ASAN signature (electronic signature); • Charter; • Decision. After receiving the information, our company's employees will prepare the necessary documents to inform the regulatory authorities about the creation of a legal entity. After registering a legal entity, the following practical steps must be taken before starting business operations: The third stage: • Command; • Compilation of the signature card submitted to the bank; • Opening a bank account by sending a copy of the relevant certificate for the Company through electronic clerical means; • Preparation of the company's seal; • Conclusion of employment contracts of the director and other employees; • Opening a current account. Why should you entrust business registration to experienced specialists? After submitting the application, the employees of the State Tax Service check the documents within 2 days. At the end of this period, the tax inspector decides whether to include or reject the data in the unified state register. The reason for the decision to refuse registration: • errors or inconsistencies in documents; • Violation of the requirements of laws due to lack of sufficient information about procedural intricacies; If the registration process is entrusted to professionals, there will be no rejections, you will also save your time, and you will be freed from additional expenses for notary and state fees. Additional services in corporate law and insolvency • Establishment and registration of Open and Closed Joint Stock Companies in Azerbaijan; • Creation and state registration of representative offices and branches of foreign companies in Azerbaijan; • Creation and registration of foreign investment companies; • Cancellation of a legal entity in Azerbaijan; • Changing the founding staff and director; • Changing and adding activity types; • Changing the size of the charter capital; • Transactions on shares, agreements between shareholders, preparation of investment agreements and contracts, and tax and legal advice on these cases; • Obtaining a temporary residence and work permit and other documents in Azerbaijan for non-resident natural persons; • Apostillization (legalization) of documents;