Azerbaijan, Baku, Dec. 5 / Trend, A.Akhundov /
LLC "Gence lizinq" was registered in the tax authorities of Azerbaijan in November, the Taxes Ministry's official website's "single window" section reported on Monday.
The company was founded by physical entity Zaur Huseynov, who is also the legal representative of the organization.
The organization was registered for commercial activity on Nov. 28.
Prior to that, Azerbaijan officially registered 23 leasing companies, but actually ten leasing companies and banks offering leasing services operate in Azerbaijan.
The potential of Azerbaijan's leasing market is estimated at $700-800 million, or almost three-four times more the current amount of the market, the head of the Association of Leasing Companies in Azerbaijan (ALCA) Elchin Ahmadov said earlier.