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September 18, 2021

Limited liability company (LLC) is mostly used organizational-legal form among the legal entities due to structural/management flexibility, charter capital requirements etc. However, there are a number of statutory reporting and filing requirements that an LLC has to comply with after incorporation.LLC has to submit reports to the State Tax Service (depending on the major tax...

August 14, 2021

According to the Rules for opening, maintaining and closing bank accounts dated 25 June 2019, banks can open remote bank accounts for both residents and non-residents. There are certain verification methods through which the banks can verify their customers. In addition, the Rules envisage the following thresholds for the different types of verification methods for...

July 11, 2021

On April 3, 2019 the Law on Mediation of the Republic of Azerbaijan (the “Law”) entered into force. The Law regulates mediation as an alternative dispute resolution tool. Mediation will be applied to disputes regarding/arising from: civil law and commercial cases (including with foreign elements); family relationships; labour relationships; and administrative law relationships. The mediation...

June 17, 2021

Under the Civil Code of the Republic of Azerbaijan, there are certain differences between joint-stock companies (“JSC”) and limited liability companies (“LLC”) – the most frequently used organizational-legal forms of legal entities. In this article you can find the following differences between those two types of company:  The rights of shareholders  LLC: Each shareholder shall have...

June 17, 2021

Under the Civil Code of the Republic of Azerbaijan, the main differences between joint-stock companies (“JSC”) and limited liability companies (“LLC”) relate to capital, dealings in shares, general meetings, names, and disclosure requirements: Capital. The main differences are: There is a minimum amount of AZN 2000 or AZN 4000 for a JSC (respectively for close joint-stock...

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BAKU ATTORNEYS & CONSULTANTSOur office
+994 55 204 89 49
OUR LOCATIONSWhere to find us
https://batco.az/wp-content/uploads/2020/04/img-footer-map.png
Baku: +994 55 204 89 49
GET IN TOUCHBAC Social links

Copyright by BAC. All rights reserved.

Copyright by BAC. All rights reserved.