AZ_RA000019 (CDQ)
| Technical key Defines a unique key by which e.g. data model concepts can be referenced in a technical integration context. These keys are unique in the CDL context. | AZ_RA000019
|
|---|---|
| GLEIF registration authority code | RA000019
|
| Local registration authority code Code of the local registration authority. | n/a |
| Monolingual name Language-specific name of a data model concept or concept value. | Ministry of Taxes of the Republic of Azerbaijan (en) |
| Country scope Defines a address/country a given concept is used in (or valid in, or relevant for etc.), i.e. the country-specific scope of a concept. | AZ (Azərbaycan, Aserbaidschan, Azerbaijan, Azerbaïdjan, 阿塞拜疆) |
| Description Informal and comprehensive human-readable definition of a concept. | No description available. |
| URL URL that provides more information for a given concept. | http://www.taxes.gov.az |
| DEPRECATED: Name | Ministry of Taxes of the Republic of Azerbaijan |
| DEPRECATED: International Name | Ministry of Taxes of the Republic of Azerbaijan |
Managed identifiers
| Identifier | Technical key | Description |
|---|---|---|
| Business Registration Number (Azerbaijan) | AZ_BRN | Business or company formation in Azerbaijan includes:
Draft the Articles of Association (necessary for the business or company incorporation in Azerbaijan); The Articles of Association required to open a business or company in Azerbaijan can be signed through Power of Attorney (the same applies to Public Notary proceedings, a step required by the Azerbaijan law).drafting all other documents required for the incorporation of the Azerbaijan company; These documents include: Application Form – Form provided by Ministry of Taxes (registration authority of legal entities). These document needs to be notarised. Such form could be applied by the person duly authorised to do so. Incorporation documents – Charter of company, Resolution of Board on establishment of LLC and appointment of legal representative. Information about the shareholders, founders – IDs, passports of founders. Where the owners (shareholders) are foreign legal entities, Articles of Association, Memorandum and Certificate from trade registry are required. Document evidencing the domicile of LLC – Notarised consent letter from the property owner to use the address as legal address (domicile) of LLC. Where the property owner is the very shareholder, such written consent letter is not required. Arrange Public Notary procedures (The procedures for incorporating a company in Azerbaijan have to be done through an Azerbaijan Public Notary); Have a Registered Office in Azerbaijan for your business or company (if required); The registered office may be any address where the Azerbaijan business or company declares to have its headquarters or operations. The registered office will be public. After registering the Company, following issues need to be considered: Preparation of corporate seal of the company Setting up a bank account for opening a business or company in Azerbaijan. Obtaining of e-signature (ASAN imza) for the company Registering employment agreements (including the employment agreement of the Director of the company) Reporting to state authorities (tax, social security, statistics) Opening a bank account refers both to an initial share capital account as well as a current bank account after the company is formed. Accountancy services are recommended for any new business registration in Azerbaijan. Receipt evidencing payment of state registration fee and charter capital – official registration fee for new LLC is 11 manats (AZN) and must be paid in advance before incorporation. State duty for registration of representative offices and branches of foreign legal entity is 220 manats (AZN). However, the charter capital must be paid within 3 month of company registration, provided that this has been prescribed by the charter. In Azerbaijan a company may start its commercial activities after state registration Legal Entity Registration Department at the Ministry of Taxes. Registering a local entity is in general a prerequisite to open a bank account, apply for licenses, certify goods, etc. Azerbaijani law neither contains specific requirements regarding the size of share of a foreign company in Azerbaijani entity nor does it establish legal limitations regarding foreign founders jurisdiction. There are several forms of legal entities to choose from. Such forms include sole entrepreneur, partnership (general and limited), joint-stock company (open and closed type) and Limited Liability Company. |
| Legal Entity Identifier | LEI_ID | A Legal Entity Identifier (or LEI) is a 20-character identifier that identifies distinct legal entities that engage in financial transactions. It is defined by ISO 17442. Natural persons are not required to have an LEI;Business_partner/identifier/issuing_body/ they’re eligible to have one issued, however, but only if they act in an independent business capacity. The LEI is a global standard, designed to be non-proprietary data that is freely accessible to all. As of October 2017, over 630,000 legal entities from more than 195 countries have now been issued with LEIs. |
| Tax Registration Number (Azerbaijan) | AZ_TRN | the Tax Registration Number in Azerbaijan, often referred to as the Tax Identification Number (TIN), is a unique identifier assigned to both individual taxpayers and businesses by the Ministry of Taxes. This number is crucial for various tax-related activities such as filing tax returns, conducting business transactions, and complying with Azerbaijan's tax laws. In the case of businesses, the Tax Registration Number serves as the VAT (Value Added Tax) number and is used for all dealings related to taxation, including VAT collection and reporting, corporate income tax, and other tax liabilities. The number is generally required to be stated on invoices, official paperwork, and any documentation submitted to the tax authorities. |
| VAT Registration Number (Azerbaijan) | AZ_VAT | In the case of businesses, the Tax Registration Number serves as the VAT (Value Added Tax) number and is used for all dealings related to VAT taxation, including VAT collection and reporting, |