Number of Business Entities in Azerbaijan Increased by 7%

In 2016 8,012 commercial and non-profit legal persons were created in Azerbaijan, which is 27.8% more compared to 2015. As of January 1 this year there were 107,358 legal entities in Azerbaijan, which is 7% higher than a year earlier, the State Statistics Committee said.

During the year, 200 state-owned enterprises were established (in 2015 - 255), as well as 536 companies with 100% foreign capital (412) and 135 joint ventures (115).

Last year, Azerbaijan abolished 979 legal entities, 475 more than in the previous year. Liquidated were 133 state organizations and enterprises, 82 enterprises with 100% foreign capital and 11 companies with mixed capital.

As of 1 January 2017 Azerbaijan registered 92,128 businesses. ---08D

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