Azerbaijan Republic Ministry of Taxes One-Stop Shop Starting business before one-stop shop • 53 days & 13 procedures • Registration at least in 4 government.
Download ReportTranscript Azerbaijan Republic Ministry of Taxes One-Stop Shop Starting business before one-stop shop • 53 days & 13 procedures • Registration at least in 4 government.
Azerbaijan Republic Ministry of Taxes One-Stop Shop Starting business before one-stop shop • 53 days & 13 procedures • Registration at least in 4 government agencies: – – – – Ministry of Justice; Social Protection Fund; State Statistics Committee; Ministry of Taxes; Filing 33 documents… … losing time and money Reforms • As a result of the Order no. 2458, dated 25 October 2007 of the President of the Republic of Azerbaijan as of January 1st, 2008 Azerbaijan launched a new company registration system and the reforms went through in just 60 days • As the Ministry of Taxes had all necessary resources it was identified as a single state authority responsible for registration of legal entities. Single Registration Authority • Attending only one authority and getting foundation documents; • Get your documents within 3 business days. Unique code-TIN • Recognised as - State registration number - Tax identity number Decided to open a company? • Within 8 days you can start your business! Procedures day Obtain a confirmation on legal address 1 Notarize company documents 1 Payment of charter capital and the state registration fee 1 Getting registered at the One –top Shop 3 Obtain a company seal 1 Open a permanent bank account 1 Documents you will need for state registration 1. Standard application form; 2. Founding documents – the charter and the resolution; 3. Bank receipt confirming the payment of the state registration fee; 4. If the founder is a legal entity – notarized copy of the founding documents; If the founder is an individual – copy of his/her identity card; 5. A document confirming the legal address of the entity; 6. In case of appointment of an authorized representative, a copy of his/her identity card. During registration • • • • • • Cheking uniqueness of the business name; Opening of a bank account; VAT registration; Connection to e-Return system; Use of e-Tax services; Taking taxpayers control books. 195 Call Centre Dial “1” and get 24/7 free access to all information Internet Tax Department www.taxes.gov.az One-stop shop Registration of legal entities • AVİS-Automated Tax Information System • Integration in on-line mode Customs Committee Ministry of Taxes Social Protection Fund Other Authorities Advantages • Business will address one agency only, thereby saving time; • Less procedures and shorter time; • Fewer documents; • Unique code in business environment – TIN; • Advising on business legislation; • Single on-line database of registrations; • Savings for the private sector (12 mln euros in 2008estimated by World Bank). Registration progress In the first year of the application of the One-Stop Shop principle the level of registration increased by 30%. Azerbaijan was the top reformer for 2008 “One stop shop” principle has been recognized as one of the most successful reforms in the area of registration of entities Forthcoming reforms • Extend the exchange of information with other state authorities within e-Government project framework; • Launch e-Registration; • Decrease the list of documents and time for registration; • Extend on-line services. Thank You for Your Attention! Any questions?