In Azerbaijan, 90.1% of Businessmen Are Individual Entrepreneurs
In Azerbaijan in the last 7 years (2008-2014), 421 136 businesses were registered on the "single window" principle.
As stated in the press release of the Ministry of Taxes, the majority of them (90.1% or 381,957) are individual entrepreneurs, while the remaining 39,179 are traders with legal status.
With the introduction of the system, 7,045 limited liability companies (LLC) with exclusively local capital (39.2% of all businesses with legal status) have been registered as taxpayers.
Business registration system on the principle of "single window" was introduced on January 1, 2008. Thanks to it, the process of registration of legal entities and natural persons engaged in commercial activities is carried out within a day or two by the Ministry of Taxes. But then the market includes either "patronized" companies or those created just for single operations. The Taxes Ministry does not publish reports on the causes of withdrawal of entrepreneurs "without a patron" from the market. --17D-
Economics
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