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What are the main reasons for opening a company in Azerbaijan?

What are the main reasons for opening a company in Azerbaijan?

Businessmen who want to register a limited liability company or another business form in this country can obtain multiple benefits when investing here. The country has a free economy that is open to foreign investments and it provides a stable business environment. Some of the main aspects investors should know on the local economy are presented below:

  • the Doing Business Report 2020 has shown that Azerbaijanhas a score of 96.2 (out of a total of 100) on the procedures for starting a business, being rated as the 9th economy for this index;
  • the procedures related to company formation in Azerbaijan are comprised of only 3 steps, taking approximately 3.5 days;
  • the country ranks as the 1st global economy for the index measuring the easiness of getting credit(it has a score of 100);
  • for the index measuring the payment of taxes the country ranks as the 40th economy;

it also has a good score (of 70.3 out of 100) for enforcing contracts – it occupies the 28th rank at a global level.

You can rely on us for information on the requirements for opening a limited liability company in Azerbaijan. This business form is one of the most employed among foreign investors.

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