Azerbaijan

Operating a business

Different types of companies	Number of partners/shareholders	Maximum and/or minimum capital	Liabilities	Registration fees
Sole proprietorship	1 person.	No minimum capital.	The owner is liable for debts of the company on his personal assets.
Private Limited Company	No minimum.	No minimum capital.	Liability is limited to the amount contributed.
Public Limited Company.	Minimum 3 partners.	No minimum capital.	Liability is limited to the amount contributed.
General partnership.	Minimum 2 partners.	No minimum capital.	Liability is unlimited.
Limited partnership.	Two types of partners: active partners and sleeping partners.	No minimum capital.	Liability of active partners is unlimited. Liability of sleeping partners is limited to the amount contributed.

Business setup procedures: Legal clauses concerning registration are vague and contradictory: registration is the first difficulty that entrepreneurs meet when setting up a company in this country.

Minimum wage: 29 manats (USD34)
Average wage: xx
Social contributions: Social security contributions paid by employers: xx
Social security contributions paid by employees: xx