Number of registered legal entities with foreign investments in Azerbaijan disclosed
BAKU, Azerbaijan, May 20
By Samir Ali – Trend:
Some 15,257 commercial legal entities with foreign investments were registered in Azerbaijan as of May 1, 2020, the country’s State Tax Service under the Ministry of Economy told Trend on May 20.
These are legal entities from Pakistan, Iran, Turkey, Georgia and India. Of these, 77.3% are limited liability companies, 18.8% - representative offices or branches of foreign legal entities in Azerbaijan, 0.9% - joint-stock companies, 0.2% - cooperatives, and 2.8% - other structures.
They mainly operate in the fields of services, trade and industry.
According to the report, the number of active commercial structures with foreign investments registered from January through April 2020 is 1.6 times more compared to the same period in 2019.
In April, 21 commercial legal entities with foreign investments passed state registration; and no liquidated legal entities were recorded.