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Azerbaijan as a destination for international business

Azerbaijan as a destination for international business. Laws and regulations Opportunities for internationals. by Javanshir Feyziev, MP November 2013 For TEAS Business Forum, London. Business legislation. S imple and straightforward A ll major economic freedoms and rights

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Azerbaijan as a destination for international business

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  1. Azerbaijan as a destination for international business Laws and regulations Opportunities for internationals by Javanshir Feyziev, MP November 2013 For TEAS Business Forum, London

  2. Business legislation Simple and straightforward All major economic freedoms and rights Equal treatment of local vs. international, with some additional incentives for FDI Doing business in Azerbaijan, Laws and Regulations

  3. Starting a business In 2008 a One Stop Shop was established for incorporation of companies Variety of forms, including Rep office, LLC, JSC and others No limitations on foreign participation Doing business in Azerbaijan, Laws and Regulations

  4. Business permits In2012, a new very innovative initiative was launched called ASAN (means “easy”); Agovernmental “service mall” provides a broadening scope of services under one roof E-government, e-signature Doing business in Azerbaijan, Laws and Regulations

  5. Land and Property Private ownership of land; Leasehold of land and freehold of real estate by foreigners accepted. Doing business in Azerbaijan, Laws and Regulations

  6. Taxes 20 %corporate tax (if you a local taxpayer) 18%VAT 10%withholding tax (if you are non tax payer in AZ) 4%simplified tax system for small taxpayers Doing business in Azerbaijan, Laws and Regulations

  7. Foreign Trade and Currency Exchange Free currency exchange; Accounts in currency of choice; Workable mechanisms for international transactions; Freedom of concluding international contracts. Doing business in Azerbaijan, Laws and Regulations

  8. International Treaties 1958,1961 and 1985 conventions on international arbitration and dispute resolutions; Apostile (Hague) convention; WTO negotiations; EUEastern partnership; CoEand OSCE; More than 40 bilateral investment and double taxation treaties. Doing business in Azerbaijan, Laws and Regulations

  9. Courts and Arbitration Freedom to choose law of the contract; Local courts; Accessibility of international arbitration. Doing business in Azerbaijan, Laws and Regulations

  10. Thank you! Doing business in Azerbaijan, Laws and Regulations

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