Investment framework and opportunities in Azerbaijan

Procedures Relative to Foreign Investment

Obligation to Declare: As a part of the ongoing business law reforms, a “One Window” principle was introduced from 1 January, 2008. The registration procedures involving several governmental bodies (Ministry of Justice, tax authorities, Social Insurance Fund and Statistics Committee) have been eliminated,
obligating businesses to register only with the Ministry of Taxes. The established period for state registration with the Ministry is officially set at three days for commercial organizations. Registration of non-commercial legal entities is conducted by the Ministry of Justice.
Azerbaijan Export and Investment Promotion Foundation (AZPROMO) gives information on the authorisations required for setting up a company.
Competent Organisation For the Declaration: Azerbaijan Export and Investment Promotion Foundation (AZPROMO)
ASAN (Azerbaijan Service and Assessment Network)
Requests For Specific Authorisations: Certain activities in Azerbaijan (for example, banking, audit, insurance, construction, etc.) require a license or special permit. Companies that intend to engage in activity subject to licensing should apply to the Ministry of Economy of the Republic of Azerbaijan through ASAN (Azerbaijan Service and Assessment Network) in order to get a license after their state registration.

For more information, consult the "Investment Climate" Statement on the US Department of State's website.
For more information, consult the website of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO).

Investment Opportunities

Investment Aid Agency: Azerbaijan Export and Investment Promotion Foundation (AZPROMO)
Tenders, Projects and Public Procurement: Tenders Info, Tenders in Azerbaijan
Asian Development Bank, Proposed Projects in Azerbaijan
Globaltenders, Tenders & Projects from Azerbaijan
DgMarket, Tenders Worldwide
Other Useful Resources: Azerbaijan Export and Investment Promotion Foundation (AZPROMO)

Any Comment About This Content? Report It to Us.

Foreign direct investmentPrevious