As of March 11 the number of taxpayers increased by 25 508 units since the beginning of the year.
According to the information of the Ministry of Taxes, they are mainly individuals (23 828 entrepreneurs), legal entities (1 680 registrations in fiscal departments). Remarkable growth is observed in the number of companies (114) with 100% of foreign registered capital, which prefer to invest in industry, construction, transport, tourism, services and trade.
Among the top foreign companies the divisions of AIRBUS, General Engineering Services and Supply Company LP, Crown Consulting, Quintera Technologies AS, Vega International Car Transport & Logistic-Trading Gesellschaft can be called.
With recent indicators Azerbaijan has registered just over 692 thousand taxpayers, most of them with the status of natural persons.
The Ministry of Taxes does not publish statistics of entrepreneurs leaving the market in less than a year – business registration through the "single window" is a maximum of 72 hours, but then artificial barriers are created, which leads to the fact that the leading foreign representatives of the non-oil sphere often leave the local market. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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