Azerbaijan: Operating a Business

Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Sole proprietorship No minimum capital.	1 person Limited to invested capital.
Private Limited Company Minimum limit is appointed by the relevant Government Body.	No minimum Limited to invested capital.
Public Limited Company Minimum limit is appointed by the relevant Government Body.	No minimum Limited to invested capital.
General partnership No minimum capital	No minimum Limited to invested capital.
Limited partnership. No minimum capital.	No minimum Limited to invested capital.

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.

	2010
Labor Force	5,874,000

Source: CIA - The world factbook

Source: UN - United Nations

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.

Minimum Wage: AZN 50 (USD 62)
Average Wage: Average monthly gross earnings in Azerbaidjan is AZN 193 (USD 240).
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.
Unions: Trade Union Confederation of Azerbaijan
Labor Regulation Bodies: Ministry of Economy

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