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Legal Forms of Companies

Sole proprietorship
Number of partners: 1 person
Capital (max/min): No minimum capital required.
Shareholders and liability: Limited to invested capital.
Private Limited Company
Number of partners: From one to fifty.
Capital (max/min): No minimum capital required.
Shareholders and liability: Limited to invested capital.
Public Limited Company
Number of partners: One or more.
Capital (max/min): The minimum share capital for an open JSC is at least AZN 4,000 (about USD 5,100); while for a closed JSC it is at least AZN 2,000 (about USD 2,550).
Shareholders and liability: Limited to invested capital.
General partnership
Number of partners: One or more.
Capital (max/min): No minimum capital
Shareholders and liability: Unlimited.
Limited partnership
Number of partners: Two or more.
Capital (max/min): No minimum capital required.
Shareholders and liability: The general partners have unlimited liability for the debt, and any limited partners have limited liability up to the amount of their investment.
The Competent Organisation
Public Registration of Legal entities.
 
Setting Up a Company Azerbaijan Eastern Europe & Central Asia
Procedures (number) 3.0 5.3
Time (days) 3.5 11.8

Source: Doing Business, 2016

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Azerbaijan.
The Ministry of Finance and Taxes, register a company.

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Actualitzacions: September 2022

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