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Efficient Company Registration in Azerbaijan: One-stop Shop System

jskillern avatar
jskillern
18 diapositives · 410 Views · Jan 06, 2020

Discover the streamlined company registration process in Azerbaijan through the One-stop Shop system, cutting down time and paperwork. Save time and start your business in just 53 days with 13 procedures. Enjoy the benefits of a single registration authority.

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Efficient Company Registration in Azerbaijan: One-stop Shop System
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  1. Azerbaijan Republic Ministry of Taxes One-Stop Shop

  2. Starting business before one-stop shop • 53 days & 13 procedures • Registration at least in 4 government agencies: • Ministry of Justice; • Social Protection Fund; • State Statistics Committee; • Ministry of Taxes; • Filing 33 documents… • … losing time and money

  3. Reforms • As a result of the Order no. 2458, dated 25 October 2007 of the President of the Republic of Azerbaijan as of January 1st, 2008 Azerbaijan launched a new company registration system and the reforms went through in just 60 days • As the Ministry of Taxes had all necessary resources it was identified as a single state authority responsible for registration of legal entities.

  4. Single Registration Authority • Attending only one authority and getting foundation documents; • Get your documents within 3 business days.

  5. Unique code-TIN • Recognised as • - State registration number • - Tax identity number

  6. Decided to open a company? • Within 8 days you can start your business!

  7. Documents you will need for state registration 1. Standard application form; 2. Founding documents – the charter and the resolution; 3. Bank receipt confirming the payment of the state registration fee; 4. If the founder is a legal entity – notarized copy of the founding documents; If the founder is an individual – copy of his/her identity card; 5. A document confirming the legal address of the entity; 6. In case of appointment of an authorized representative, a copy of his/her identity card.

  8. During registration • Cheking uniqueness of the business name;  • Opening of a bank account;  • VAT registration; • Connection to e-Return system; • Use of e-Tax services; • Taking taxpayers control books.

  9. Dial “1” and get 24/7 free access to all information 195 Call Centre

  10. Internet Tax Departmentwww.taxes.gov.az

  11. One-stop shop

  12. Ministry of Taxes Registration of legal entities • AVİS-Automated Tax Information System • Integration in on-line mode Customs Committee Social Protection Fund Other Authorities

  13. Advantages • Business will address one agency only, thereby saving time; • Less procedures and shorter time; • Fewer documents; • Unique code in business environment – TIN; • Advising on business legislation; • Single on-line database of registrations; • Savings for the private sector (12 mlneuros in 2008-estimated by World Bank).

  14. Registration progress In the first year of the application of the One-Stop Shop principle the level of registration increased by 30%.

  15. Azerbaijan was the top reformer for 2008

  16. “One stop shop” principle has been recognized as one of the most successful reforms in the area of registration of entities

  17. Forthcoming reforms • Extend the exchange of information with other state authorities within e-Government project framework; • Launch e-Registration; • Decrease the list of documents and time for registration; • Extend on-line services.

  18. Thank You for Your Attention!Any questions?