Large business setup in Azerbaijan
Starting a large company requires thorough preparation and effort, with specific obstacles and factors to consider. Let’s explore the benefits of establishing a sizable business in Azerbaijan and how our specialized services can help you achieve success.
The process of setting up a large business
Setting up a large business in Azerbaijan is similar to establishing a small or medium-sized business. But, because of its size and complexity, the process for a large enterprise usually takes more time and resources. The steps involved are as follows:
Choose a business name
The name of the business must be original and not currently being used. You can verify the availability of a name on the Azerbaijan Trade Registry’s website.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your big enterprise. We offer expert advice on Limited Liability Company (LLC), Joint Stock Company (JSC), Branch Office, and Holding Company to assist you in making a well-informed decision that suits your specific needs and future goals.
Set up legal address
It is crucial to have a valid address when starting a business, as it acts as the primary point of contact for government agencies, legal entities, and important business communications. Selecting a legal address that complies with local regulations and fits your business needs is essential.
Get the necessary paperwork ready
Our team of professionals will assist you in developing accurate and comprehensive documentation tailored to your company’s specific structure and objectives. We ensure compliance with all legal requirements and will handle the filing process on your behalf.
Open a bank account
We will guide you through the process of opening a bank account, making sure that your company follows the regulations and helping you select a trustworthy financial institution for your account in Azerbaijan.
Company registration
We take care of registering your business with authorities such as the Trade and Companies Register and tax authorities, so you don’t have to worry about administrative tasks. This ensures that your business is legally recognized and compliant from the beginning.
Setup accounting
In order to effectively start a big business, it is crucial to keep precise financial documents. Our group of accounting professionals can assist in implementing efficient accounting and bookkeeping procedures that adhere to Azerbaijan’s laws.
Large business examples
Large enterprises operate in various industries and sectors, each with unique requirements. Here are a few examples of large-scale businesses:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Azerbaijan
Azerbaijan is an attractive option for establishing large businesses, providing a wide range of benefits:
Strategic location
Azerbaijan presents various opportunities for companies interested in the energy sector, trade, and infrastructure development at the intersection of Europe and Asia. Featuring abundant oil and gas reserves, a strategic location on the Caspian Sea, and government support for investment and growth, Azerbaijan offers multiple advantages for businesses aiming to enter its thriving market.
Favorable tax regime
Azerbaijan offers a corporate income tax rate of 20%. The nation incentivizes investments in sectors such as energy and non-oil industries. The strategic location of Azerbaijan in the South Caucasus region makes it attractive to businesses.
Banking
One of the benefits of Azerbaijan’s banking sector is its stability and thriving economy, which provide a conducive environment for a variety of financial services, investment opportunities, and banking activities in a strategically positioned location.
Our Large business setup solutions
We understand how valuable your time and resources are. That’s why we offer two convenient options to make the process of company formation easier.
Business formation online
With the online platform offered by Azerbaijan, individuals can start and finalize the process of setting up a business from any location. Being able to track progress, send necessary documents, and access our services on secure digital platforms guarantees a seamless and hassle-free experience.
Business formation remotely
If you want a more hands-off experience, we are able to manage all the necessary paperwork on your behalf. Our team of experts will handle all the required formalities and communicate with the relevant authorities to ensure your peace of mind.
Contact us
Contact us today to schedule a consultation and begin pursuing your business goals. Let’s start on this journey together.