One-Stop Shop Azerbaijan Republic Ministry of Taxes

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

Reforms As a result of the Order no. 2458, dated 25 October 2007 of the President of the Republic of Azerbaijan as of January 1 st, 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.

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

Unique code-TIN Recognised as - State registration number - Tax identity number

Decided to open a company? Within 8 days you can start your business!Proceduresday Obtain a confirmation on legal address1 Notarize company documents1 Payment of charter capital and the state registration fee1 Getting registered at the One –top Shop3 Obtain a company seal1 Open a permanent bank account1

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.

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.

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

Internet Tax Department

One-stop shop

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

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 mln euros in estimated by World Bank).

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

Azerbaijan was the top reformer for 2008

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

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.

Thank You for Your Attention! Any questions?