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Temporary Residence - Head or 51% Founder of Foreign-invested Azerbaijani Entity

AzerbaijanStarting a business

Explore the five recorded questions, answers and sources for this pathway.

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Is this for a founder, startup entrepreneur, self-employed person, freelancer, company owner or another business profile?

The route is for the head of an Azerbaijani legal entity whose paid-up authorised capital meets the Ministry of Economy-approved amount and which has a foreign founder or co-founder, or for a person who is a founder (or one of the founders) of that entity, or who owns at least 51 percent of its shares.

See recorded sources
  • source 871, captured official text
    If they hold the position of the head of a legal entity established in the Republic of Azerbaijan, the paid authorized capital of which is not less than the amount approved by the Ministry of Economy of the Republic of Azerbaijan, the founder or at least one of the founders of which is a foreign legal entity or individual, or own at least 51 percent of the shares (interests) in that legal entity;

What must actually exist or be demonstrated: business plan, company, innovation, clients, contracts, economic activity, job creation or other substance?

The substance required is an established Azerbaijani legal entity whose paid-up authorised capital meets the Ministry of Economy-approved amount; the applicant must be that entity's head, a founder (or one of the founders), or hold at least 51 percent of its shares. The source does not state the specific capital amount or a sector, product or operating-model requirement.

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Limits of the record
  • The Ministry-approved capital amount and any sector, product or operating-model requirement are not stated.
  • source 871, captured official text
    If they hold the position of the head of a legal entity established in the Republic of Azerbaijan, the paid authorized capital of which is not less than the amount approved by the Ministry of Economy of the Republic of Azerbaijan, the founder or at least one of the founders of which is a foreign legal entity or individual, or own at least 51 percent of the shares (interests) in that legal entity;

What investment, capital, income, revenue, funding or viability evidence is central to this pathway?

Under a Decision of the Collegium of the Ministry of Economy in effect from 16 January 2024, the head of the foreign-invested legal entity (or a founder owning at least 51 percent of its shares) must show paid-up charter capital of 50,000 AZN (manats) for the initial temporary residence permit. To renew it after residing at least 1 year on this ground, the legal entity's turnover in the last 1 year must be 100,000 AZN; for a permanent residence permit on the same ground, paid-up charter capital is set at 100,000 AZN and last-year turnover at 200,000 AZN. Tax-authority documents confirming annual turnover and paid-up charter capital are required at application. These thresholds do not apply to entities holding an investment-promotion document or Startup certificate, entities operating in the Karabakh and East Zangezur economic regions, non-commercial legal entities, or residents of industrial parks/districts/agricultural parks (temporary residence); non-commercial legal entities are also exempt for permanent residence.

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Limits of the record
  • Exact Collegium decision number not stated on the press notice; the linked e-qanun.az/framework/56075 full-text page is a client-rendered application and could not be fetched as text in this pass -- NOT_FOUND_NONBLOCKING.

What business/self-employed activity may the holder conduct? Are there important restrictions? What is the family position where clearly stated?

Persons engaged in entrepreneurship activity in Azerbaijan are listed among those not required to obtain a work permit. The official source does not state further restrictions or the family position.

See recorded sources
Limits of the record
  • This does not establish every activity or tax rule.

What approval/application sequence applies, how long is the status granted, how is it renewed, and what longer-term residence direction is officially stated?

The general temporary-residence period is up to one year, extendable up to two years when the ground remains. A permanent residence permit on the same ground is provided for, subject to its own paid-up charter capital and turnover thresholds. The official source does not state the application sequence.

See recorded sources
Limits of the record
  • The source does not state a guaranteed permanent-residence outcome.
  • source 871, captured official text
    Permit for temporary residence on the territory of the Republic of Azerbaijan is issued for the period mentioned on the application of an applicant, but for the period not exceeding 1 year, except the cases set forth in Article 45.1.2 and 45.1.4-1 (concerning highly skilled migrants) of the Migration Code, and it can be extended each time for the period not exceeding 2 years, if there is a relevant ground.
  • State Migration Service press notice, 17.01.2024
    the amount of the paid-up charter capital of the legal entity was determined in the amount of 50 thousand manats for the head of the legal entity with foreign investment or its founder who owns at least 51 percent of the shares (stocks) of that legal entity to obtain a temporary residence permit
  • State Migration Service press notice, 17.01.2024
    the turnover of the legal entity with foreign investment must be 100 thousand manats in the last 1 year
  • State Migration Service press notice, 17.01.2024
    the paid-up charter capital of the legal entity with foreign investment was set at 100,000 manats, and the turnover in the last 1 year was set at 200,000 manats

These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.

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