The Ministry of Taxes in the online mode for the time of service (February 1, 2012 - December 1, 2014) reported 6 698 entrepreneurs with the status of a legal entity - LLC.
In January-November this year as a whole there were registered 6446 legal entities, of which 2461 underwent e-registration, the data of the Ministry of Taxes read.
There is a tendency to reduce the rate - while last year the share of electronic registration was at 45.2%, this year it is 38.2%. Experts associate this with hopelessness and formal approach to the Ministry to the creation of private enterprises - most LLC open as one-time entities or close in up to a year after their creation. They are not given loans and they are visited by inspectors from the very commencement - illegally and without reason.
Recall the Ministry of Taxes started online registration of local limited liability companies in February 2012 in order to gain rating points in international reports on freedom of enterprise. --17D-
Economics
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Azerbaijani Economy Minister Mikail Jabbarov met with a Chinese delegation led by Shen Yi, Deputy Executive Chairman of the All-China Federation of Industry and Trade, on Tuesday to explore collaboration on green energy transition and expand bilateral trade and economic ties.
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Azerbaijan’s Working Group on International Trade held its latest meeting on September 19, assessing the nation’s progress in enhancing its trading environment over the past year. Chaired by First Deputy Economy Minister Elnur Aliyev and Vusal Shikhaliyev, the session included representatives from various government agencies and the private sector.
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Azerbaijan commemorates the 30th anniversary of its pivotal Production Sharing Agreement (PSA) for the Azeri-Chirag-Guneshli (ACG) oil fields, a cornerstone of the nation’s economic transformation. Signed on September 20, 1994, the PSA was extended in 2017 through 2049, ushering in the second phase of what is dubbed the “Contract of the Century.”
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The heads of railway administrations from Azerbaijan, Turkey, Uzbekistan, Kyrgyzstan, Tajikistan, China, and Austria have signed a protocol establishing the International Association "Eurasian Transport Route." The agreement, formalized during an advisory meeting, signifies a major step toward enhancing cooperation on the growing Eurasian logistics network.
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