Continued weakness in oil prices is projected to cause the gross domestic product (GDP) to contract by 1.0% in 2016 before recovering to 1.0% growth in 2017 as oil prices revive.

Azerbaijan’s high economic growth has been attributable to large and growing oil and gas exports, but some non-export sectors also featured double-digit growth, including construction, banking, and real estate.

Progress has so far been “elusive” for Azerbaijan in its efforts to diversify the economy away from a dependence on oil and gas, and it must press a fight against corruption to improve the business climate, the International Monetary Fund said.

See “Types of commercial legal entities” in this report from PWC

This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Azerbaijan.

The Corporate Tax Rate in Azerbaijan stands at 20 percent. Corporate Tax Rate in Azerbaijan averaged 21.58 percent from 2004 until 2015, reaching an all time high of 25 percent in 2004 and a record low of 20 percent in 2010. Corporate Tax Rate in Azerbaijan is reported by the Ministry of taxes of the Republic of Azerbaijan.

Domestic enterprises and PEs of non-residents are subject to profit tax at the flat rate of 20%.

The Personal Income Tax Rate in Azerbaijan stands at 25 percent. Personal Income Tax Rate in Azerbaijan averaged 31 percent from 2006 until 2015, reaching an all time high of 35 percent in 2007 and a record low of 25 percent in 2013. Personal Income Tax Rate in Azerbaijan is reported by the Ministry of Taxes.

Detailed description of taxes on individual income in Azerbaijan

The Sales Tax Rate in Azerbaijan stands at 18 percent.

A detailed description of the VAT policy in Azerbaijan

Visa forms for both business and tourist applications

Visa information and application procedure

Tips on getting to and getting around Azerbaijan from real travelers and locals.

Best transport in Azerbaijan. Including Funicular, Main Bus Station, Bus Station there are over 84 transport options.

Telecommunications in Azerbaijan provides information about television, radio, fixed and mobile telephones, and the Internet in Azerbaijan. 

Coming into 2015 Azerbaijan’s mobile subscriber base had passed 10 million and mobile penetration was over 110%.

See “Labour Code” on this site

Description of labor laws as they affect the individual worker

All labor issues and, in particular, termination and discrimination matters, in Azerbaijan are mainly regulated by the Labor Code

This site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, improve job quality for workers, or make workers redundant for economic reasons in Azerbaijan. 

Latest travel advice for Azerbaijan including safety and security, entry requirements, travel warnings and health

Average prices of more than 40 products and services in Azerbaijan. Prices of restaurants, food, transportation, utilities and housing are included.

A listing of the cost of everyday items in Baku

See “Azeri Customs and Etiquette” on this site

A description of basic, business and student etiquette guidelines

The climate of Azerbaijan can be described as continental influenced climate with warm summer and very cold, dry winters. It can be divided in three different climate zones; one north of the mountainous regions, one south of them, and along the coast of the Caspian sea.

Azerbaijan has the mildest winters in the entire region. However, when a current comes from Scandinavia via Russia bringing cold air to the Caspian Sea temperatures may drop considerably in Azerbaijan. 

See “Safety and Security” on this site

General secondary school education in the Republic of Azerbaijan consists of three levels – primary, general secondary, and full secondary education, and general secondary school education begins with six years of age.

This site lists the most popular international and bilingual schools in Azerbaijan: nurseryschools, primary and secondary (high) schools

Comprehensive list of National Public Holidays that are celebrated in Azerbaijan during 2016 with dates and information on the origin and meaning of holidays.

Full list of Azerbaijan public and bank holidays. Many shops, banks and other services close during public holidays

This site discusses the demographic features of the population of Azerbaijan, includingpopulation density, ethnicity, education level, health of the populace

A demographic profie of Azerbaijan from the CIA

Azerbaijan Customs regulations and procedures for importing and exporting goods at border. 

This site includes a description of the rules and requirements for trading with Azerbaijan

This site includes a description of the rules and requirements for trading with Azerbaijan

Search the Furnished Short Term Housing & Extended Stay Hotel directory

5,917 traveler reviews, candid photos, and prices for 160 hotels in Azerbaijan.

Foreign nationals are strictly advised against travelling to Nagorno-Karabakh and the military area surrounding it as the area is a subject of dispute between Azerbaijan and Armenia. 

Top destinations and experiences in Azerbaijan