Any type of activity completed in Azerbaijan implies the imposition of a tax. The main categories of taxpayers in this country are natural persons who must pay the personal income tax and companies that, in Azerbaijan, are subject to the corporate tax that is levied at a specific rate based on the type of operations completed, but…
Azerbaijan’s taxation system is made of several levies imposed on both natural persons and corporations on the income generated in the country and/or outside it, depending on their residency. Just like in other countries, these taxes are direct or indirect. One of the most important levies is the withholding tax in Azerbaijan and it…
Azerbaijan represents a country with a rising economy which attracts many foreign investors who are looking to diversify their businesses. As follows, our company formation consultants in Azerbaijan present the most frequently asked questions on the company formation procedures in this country. 1. Why invest in Azerbaijan? The local government has made important efforts to attract…
A company, no matter whether it is established in Azerbaijan or not, can form a subsidiary in this country in one of three legal types of entities which are available for commercial purposes: a joint stock company, a limited liability company or an additional liability company. In this article, our company formation agents…
Generally, a credit rating is utilized by sovereign wealth funds, pension funds and other investment vehicles to measure the creditworthiness of Azerbaijan, this way exercising a great impact on the borrowing expenses of the country. Standard & Poor’s credit rating for Azerbaijan was set at BB+; Moody’s credit rating for the country was established at Ba2 with a stable…
Setting up a branch in Azerbaijan implies that the parent company is responsible for the debts and obligations of the branch. According to the local legislation, a branch in Azerbaijan is not considered to be a separate legal entity, however, it is taxed as one. As follows, our company formation advisors in Azerbaijan explain how to establish…
