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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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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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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