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flag Azerbaijan Azerbaijan: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

Sole proprietorship
Number of partners: 1 person
Capital (max/min): No minimum capital.
Shareholders and liability: Limited to invested capital.
Private Limited Company
Number of partners: One or more.
Capital (max/min): Minimum limit is appointed by the relevant Government Body.
Shareholders and liability: Limited to invested capital.
Public Limited Company
Number of partners: one or more.
Capital (max/min): Minimum limit is appointed by the relevant Government Body.
Shareholders and liability: Limited to invested capital.
General partnership
Number of partners: One or more.
Capital (max/min): No minimum capital
Shareholders and liability: Limited to invested capital.
Limited partnership.
Number of partners: one or more.
Capital (max/min): No minimum capital.
Shareholders and liability: Limited to invested capital.
The Competent Organization
Public Registration of Legal entities.
 
Setting Up a Company Azerbaijan Eastern Europe & Central Asia
Procedures (number) 6.0 6.0
Time (days) 8.0 14.0

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.

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The Active Population in Figures

20112012
Labor force 6,119,0004,680,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -63.00%64.90%
Men activity rate 66.80%67.80%68.50%
Women activity rate 59.50%61.10%61.60%

Source: UN - United Nations

 

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Working Conditions

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.
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

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%

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Social Partners

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 Unions Confederation of Azerbaijan
Labor Regulation Bodies
Ministry of Economy

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Learn more about Operating a Business in Azerbaijan on Globaltrade.net, the Directory for International Trade Service Providers.

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Last Updates: October 2014