Republic of Azerbaijan
Capital: Baku HDI: 0.751 (76th)
Language: Azerbaijani
GDP (PPP): $168.4 billionC
urrency: Manat
Population: 10 million
The Republic of Azerbaijan is a country in the Transcaucasian region, situated at the crossroads of Southwest Asia and Southeastern Europe. It is bounded by the Caspian Sea to the east, Russia to the north, Georgia to the northwest, Armenia to the west and Iran to the south. The exclave of Nakhchivan is bounded by Armenia to the north and east, Iran to the south and west, while having a short border with Turkey in the north west. Azerbaijan is a unitary semi-presidential republic. The country is a member state of the Council of Europe, the OSCE and the NATO Partnership for Peace (PfP) program. It is one of the six independent Turkic states, being an active member of the Turkic Council and the TÜRKSOY community. Azerbaijan has diplomatic relations with 158 countries and holds membership in 38 international organizations.
RESEARCH
Economic Overview
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Azerbaijan: Economy | Asian Development Bank
http://www.adb.org/countries/azerbaijan/economy
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.
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Azerbaijan Economy – overview
http://www.indexmundi.com/azerbaijan/economy_overview.html
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.
Industry Trends & Business Climate
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IMF warns Azerbaijan on oil dependence
http://www.reuters.com/article/azerbaijan-imf-idUSL6N0TA2UZ20141121
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.
Establishing a Presence
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Doing Business and Investing in Azerbaijan
https://www.pwc.com/az/en/publications/assets/dbg-2015.pdf
See “Types of commercial legal entities” in this report from PWC
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Starting a Business in Azerbaijan
http://www.doingbusiness.org/data/exploreeconomies/azerbaijan/starting-a-business
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.
Taxes
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Azerbaijan Corporate Tax Rate | 2004-2016
http://www.tradingeconomics.com/azerbaijan/corporate-tax-rate
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.
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Azerbaijan Corporate – Taxes
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Azerbaijan-Corporate-Taxes-on-corporate-income
Domestic enterprises and PEs of non-residents are subject to profit tax at the flat rate of 20%.
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Azerbaijan Personal Income Tax Rate | 2006-2016
http://www.tradingeconomics.com/azerbaijan/personal-income-tax-rate
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.
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Azerbaijan – Taxes on personal income
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Azerbaijan-Individual-Taxes-on-personal-income
Detailed description of taxes on individual income in Azerbaijan
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Azerbaijan Sales Tax Rate | VAT | 2014-2016
http://www.tradingeconomics.com/azerbaijan/sales-tax-rate
The Sales Tax Rate in Azerbaijan stands at 18 percent.
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Law of Azerbaijan Republic About Value Added Tax
http://www.azerb.com/az-law-vat.html?ckattempt=1
A detailed description of the VAT policy in Azerbaijan
Visas
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Azerbaijan visa application form, requirements
http://azerbaijan.travisa.com/
Visa forms for both business and tourist applications
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Azerbaijan Visa: Application, Requirements
https://azerbaijan.visahq.com/
Visa information and application procedure
Infrastructure
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Azerbaijan Transportation
https://www.virtualtourist.com/travel/Middle_East/Azerbaijan/Transportation-Azerbaijan-TG-C-1.html
Tips on getting to and getting around Azerbaijan from real travelers and locals.
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Transport in Azerbaijan – Lonely Planet
http://www.lonelyplanet.com/azerbaijan/transport
Best transport in Azerbaijan. Including Funicular, Main Bus Station, Bus Station there are over 84 transport options.
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Telecommunications in Azerbaijan
https://en.wikipedia.org/wiki/Telecommunications_in_Azerbaijan
Telecommunications in Azerbaijan provides information about television, radio, fixed and mobile telephones, and the Internet in Azerbaijan.
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Azerbaijan – Telecoms, Mobile and Broadband
http://www.budde.com.au/Research/Azerbaijan-Telecoms-Mobile-and-Broadband.html
Coming into 2015 Azerbaijan’s mobile subscriber base had passed 10 million and mobile penetration was over 110%.
Employer Obligations
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Law Library – Azerbaijan – Doing Business
http://www.ilo.org/dyn/natlex/docs/WEBTEXT/54131/65184/E99AZE01.htm
See “Labour Code” on this site
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The Law of the Azerbaijan Republic About Individual Labour
http://www.azerb.com/az-law-labo-contracts.html
Description of labor laws as they affect the individual worker
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Azerbaijan – Baker & McKenzie
http://www.bakermckenzie.com/files/Uploads/Documents/Supporting%20Your%20Business/Global%20Markets%20QRGs/Termination,%20Discrimination%20and%20Harassment/qr_azerbaijan_terminationdiscriminationharassmentguide_2009.pdf
All labor issues and, in particular, termination and discrimination matters, in Azerbaijan are mainly regulated by the Labor Code
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Labor Market Regulation in Azerbaijan
http://www.doingbusiness.org/data/exploreeconomies/azerbaijan/labor-market-regulation
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.
Culture/Living
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Azerbaijan travel advice – GOVUK
https://www.gov.uk/foreign-travel-advice/azerbaijan/safety-and-security
Latest travel advice for Azerbaijan including safety and security, entry requirements, travel warnings and health
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Cost of Living in Azerbaijan
http://www.numbeo.com/cost-of-living/country_result.jsp?country=Azerbaijan
Average prices of more than 40 products and services in Azerbaijan. Prices of restaurants, food, transportation, utilities and housing are included.
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Cost of Living in Baku. Updated Prices Apr 2016
https://www.expatistan.com/cost-of-living/baku
A listing of the cost of everyday items in Baku
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Azerbaijan- Language, Culture, Customs and Etiquette
http://www.kwintessential.co.uk/resources/global-etiquette/azerbaijan.html
See “Azeri Customs and Etiquette” on this site
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Azerbaijan – Culture, Customs & Etiquette
http://guide.culturecrossing.net/basics_business_student.php?id=15
A description of basic, business and student etiquette guidelines
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Climate of the World: Aserbaijan
http://www.weatheronline.co.uk/reports/climate/Aserbaijan.htm
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.
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Azerbaijan climate info
http://www.whatstheweatherlike.org/azerbaijan/
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.
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Travel.State.Gov – Azerbaijan
https://travel.state.gov/content/passports/en/country/azerbaijan.html
See “Safety and Security” on this site
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Education System in Azerbaijan
http://www.beic.az/education_azerbaijan.html
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.
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International Schools in Azerbaijan
http://www.expat-quotes.com/guides/azerbaijan/education/international-schools-in-azerbaijan.htm
This site lists the most popular international and bilingual schools in Azerbaijan: nurseryschools, primary and secondary (high) schools
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Public Holidays in Azerbaijan in 2016
http://www.officeholidays.com/countries/azerbaijan/index.php
Comprehensive list of National Public Holidays that are celebrated in Azerbaijan during 2016 with dates and information on the origin and meaning of holidays.
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Public Holidays in Azerbaijan – World Travel Guide
http://www.worldtravelguide.net/azerbaijan/public-holidays
Full list of Azerbaijan public and bank holidays. Many shops, banks and other services close during public holidays
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Demographics of Azerbaijan
https://en.wikipedia.org/wiki/Demographics_of_Azerbaijan
This site discusses the demographic features of the population of Azerbaijan, includingpopulation density, ethnicity, education level, health of the populace
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CIA – The World Factbook: Azerbaijan
https://www.cia.gov/library/publications/the-world-factbook/geos/aj.html
A demographic profie of Azerbaijan from the CIA
Trade
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Azerbaijan Customs Regulations
https://azerbaijan.visahq.com/customs/
Azerbaijan Customs regulations and procedures for importing and exporting goods at border.
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Azerbaijan – Trade – European Commission
http://ec.europa.eu/trade/policy/countries-and-regions/countries/azerbaijan/
This site includes a description of the rules and requirements for trading with Azerbaijan
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Azerbaijan – Trade – European Commission
http://ec.europa.eu/trade/policy/countries-and-regions/countries/azerbaijan/
This site includes a description of the rules and requirements for trading with Azerbaijan
Housing and Rentals
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Azerbaijan Corporate Housing and Extended Stay Hotels
http://azerbaijan.biz-stay.com/
Search the Furnished Short Term Housing & Extended Stay Hotel directory
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The 10 Best Azerbaijan Hotels
https://www.tripadvisor.com/Hotels-g293933-Azerbaijan-Hotels.html
5,917 traveler reviews, candid photos, and prices for 160 hotels in Azerbaijan.
Travel
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Azerbaijan Travel Tips
http://www.azerbaijan.com/v/travel_tips/
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.
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Azerbaijan – Lonely Planet
https://www.lonelyplanet.com/azerbaijan
Top destinations and experiences in Azerbaijan
NETWORKING
Connect With Others
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