Azerbaijan: Operating a Business

Setting Up a Company

Sole proprietorship: Number of partners: 1 person
Capital (max/min): No minimum capital required.
Shareholders and liability: Limited to invested capital.
Private Limited Company: Number of partners: From one to fifty.
Capital (max/min): No minimum capital required.
Shareholders and liability: Limited to invested capital.
Public Limited Company: Number of partners: One or more.
Capital (max/min): The minimum share capital for an open JSC is at least AZN 4,000 (about USD 5,100); while for a closed JSC it is at least AZN 2,000 (about USD 2,550).
Shareholders and liability: Limited to invested capital.
General partnership: Number of partners: One or more.
Capital (max/min): No minimum capital
Shareholders and liability: Unlimited.
Limited partnership: Number of partners: Two or more.
Capital (max/min): No minimum capital required.
Shareholders and liability: The general partners have unlimited liability for the debt, and any limited partners have limited liability up to the amount of their investment.

Setting Up a Company	Azerbaijan	Eastern Europe & Central Asia
Procedures (number)	3.0	5.3
Time (days)	3.5	11.8

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Azerbaijan.
The Ministry of Finance and Taxes, register a company.

	2018	2019	2020
Labour Force	5,091,129	5,103,475	4,881,649

Source: International Labour Organization, ILOSTAT database

Source: International Labour Organization, ILOSTAT database

Legal Weekly Duration: 40 hours
Retirement Age: 62 years for men and 57 years for women.
Working Contracts: There exist two types of contracts: a fixed term one and a permanent one, both having a probationary period.
For more information, consult the website of the Consulate of the Republic of Azerbaijan in the United States.
Labour Laws: Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

Minimum Wage: AZN 85 per month (source: ILO, 2011).
Average Wage: Gross average monthly wage of men: AZN 413 (source: ILO, 2010);
Gross average monthly wage of women: AZN 226 (source: ILO, 2010).
Social Contributions: Social Security Contributions Paid By Employers: 37%.
Social Security Contributions Paid By Employees: 1%

Social Dialogue and Involvement of Social Partners: Trade unions are not free to exercise their rights as they undergo pressure and restrictions from the Presidency. It is especially forbidden to declare a strike in the public transport. The country violates numerous conventions of the International Labor Organization.
For more information, consult the report on the violations of trade union rights.
Labour Unions: Trade Unions Confederation of Azerbaijan
Labour Regulation Bodies: Ministry of Economy

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