Yes. Azerbaijan has some three dozen such treaties, including with the United States.
Yes. VAT is imposed on the turnover of most goods, work, and services in Azerbaijan, as well as on the importation of goods. The VAT rate is 18 percent of the price of goods, work, and services, or of the customs value of goods.
Yes. Applicants receive a response within 15 days. Licenses are generally good for five years, with a few exceptions, depending on industry.
The USACC is the only independent professional business association with offices and representatives in both Baku and Washington, D.C. This allows us to give our members the kind of assistance and contacts they need, in both Azerbaijan and the United States. Our mission is to build a bridge of commerce between the two countries, so having a respected presence in both capitals is essential to this effort and to our members.
Azerbaijan has been recognized as a leader in implementing market reforms that favor and encourage the entrepreneurial spirit. If you are interested in starting a company in Azerbaijan, or opening a branch office of a US firm, start by calling the USACC. Our skilled staff can help guide you in the right direction.
Azerbaijan has many sectors that are waiting to be developed. Obviously, oil and gas remain important fields, but opportunities abound in alternative energy, agriculture, health and medicine, and the hospitality industry, to name a few.
The regular work week is 40 hours, and Saturday and Sunday are the typical weekend days off. There are 18 official non-working holidays. Election days are also non-working, paid holidays. Employees are entitled to paid annual leave of at least 21 calendar days. Employers must pay compensation for an employee’s first 14 days of sick leave, after which compensation is provided by the State Social Protection Fund.
All employers, except for those specifically exempt, must pay 22 percent of an employee’s gross salary into a Social Protection Fund.
U.S. citizens traveling to the Republic of Azerbaijan with Azerbaijan Airlines’ (AZAL) New York – Baku direct flight are able to obtain short stay(30 days) single entry visas at the visa section of the Consular Department of the Ministry of Foreign Affairs of the Republic of Azerbaijan at the Heydar Aliyev International Airport of Baku, upon arrival.
To obtain a single entry visa upon arrival at the airport the U.S. citizens should present the following documents to the visa section the following documents:
Azerbaijan has recognized for its ability to weather the storm extremely well. This is in part due to the fact that fiscal policies were determined based on conservative oil prices. Officials also took the steps of significantly lowering the refinancing rate and greatly reducing reserve requirements. In addition, the government acted swiftly to assist those few banks who needed help in repaying foreign currency debts, and created a deposit guarantee program to insure individual deposits up to a certain amount.
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