Is Baku good for business?

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Is Baku good for business?

The capital, Baku, is the centre of business in Azerbaijan. The country achieved a rank of 34 out of 190 countries in The World Bank’s Ease of Doing Business Survey for 2020.

How do I start a business in Baku?

As per Azerbaijani laws, practically, only a passport is required from a foreign citizen to open a company in Azerbaijan. CLC will prepare all the incorporation documents on behalf of the shareholder of the company in order to set-up business, register a company in Azerbaijan, open bank accounts.

How can I start a business in Azerbaijan?

There are five steps for business registration in Azerbaijan:

  1. Obtaining the necessary business registration forms.
  2. Completing the forms (in Azerbaijani language)
  3. Legalizing and translating foreign documents.
  4. Submitting the registration documents and company certificates.
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How can I start my own business in Azerbaijan?

Where are the best places to do business in Azerbaijan?

However, as the economy has expanded, business opportunities have diversified. The capital, Baku, is the centre of business in Azerbaijan. It’s viewed as the most Western of Azerbaijan’s cities, and where most expats working in Azerbaijan are based.

Why do foreigners choose to work in Azerbaijan?

The economy is centred on the country’s oil and gas industry and it is within this sector that most foreigners find work in Azerbaijan. However, as the economy has expanded, business opportunities have diversified. The capital, Baku, is the centre of business in Azerbaijan.

What is the language of business in Azerbaijan?

Azerbaijani (Azeri) is the official language of business in Azerbaijan. Russian is also widely spoken. Although English is increasingly being used in business, it is not common and it’s best to hire an interpreter when doing business in Azerbaijan. It is customary for men to greet each other with a handshake.

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What are the business hours in Azerbaijan?

Business hours are usually Monday to Friday, 9am to 5pm or 10am to 6pm. Some government offices are open on Saturdays. Azeris have an alternate view of punctuality and it’s not unusual to start meetings late. Azerbaijani (Azeri) is the official language of business in Azerbaijan. Russian is also widely spoken.