Before addressing any other duties, companies who are developing on their own should understand how to establish up an Azerbaijan subsidiary. We propose initially meeting with other corporate leaders to discuss a few incorporation aspects, such as where you should form a subsidiary, what kind of subsidiary is ideal for your business objectives, and other similar considerations.
Various areas or localities in Azerbaijan may have different Azerbaijan subsidiary laws that make incorporation easier or more complex. If you are unfamiliar with the area around your preferred office space, you should speak with a lawyer or consultant who can assist you in selecting a location that is welcoming to foreign investment.
Another critical aspect of the incorporation procedure is your subsidiary structure. Companies in Azerbaijan may form themselves as a limited liability company (LLC), a branch, a representative office, or a joint-stock corporation. Each entity grants firms certain freedoms inside Azerbaijan, therefore you should choose the form that best suits your company objectives. Companies often opt to establish as an LLC since the structure is tax-efficient and enables them to provide a broad variety of services in Azerbaijan.
The following actions are required to establish your Azerbaijan subsidiary as an LLC:
1. Opening a bank account in the nation
2. Making a minimum share capital deposit
3. Creating the articles of incorporation
4. Using a power of attorney to sign the articles of incorporation
5. Drafting any other relevant paperwork, including specific forms issued by Azerbaijan's Company Registration Office
6. Setting up public notary processes
7. Getting your office space registered
8. Hiring an accountant to assist with the registration of a new company