Azerbaijan registers Tour Company with full foreign capital

Business Materials 21 January 2010 18:33 (UTC +04:00)

Azerbaijan, Baku, Jan. 21 / Trend U. Ismayilova /

Azerbaijan has created a foreign travel company "Cesika Turizm" Ltd, the Azerbaijani Ministry of Taxes said.

The authorized capital is 250 manat. Representative of the company is Guvanova Annagulb (Turkmenistan).

The founders of the company are James Kenneth Miller (USA), Kalisat Bail (Great Britain and Northern Ireland), Tamara Mekhtiyeva (Turkmenistan), Annagulb Guvanova (Turkmenistan), Samir Izotova (Turkmenistan).

The company has passed the state registration on December 18, 2009.

The average price for visiting former Soviet Republics is 2,500 manat, but other counties - 7,000 manat.

At present, there are 230 travel agencies, 370 hotels and hotel-type facilities. At the moment, about 35 hotels are under construction.