Azerbaijan plans to exempt electronic state registration of limited liability companies (LLCs), both locally and foreign-owned, from the state duty. The change is set out in draft amendments being prepared to the law “On State Duty”.
Under current rules, only legal entities in general benefit from fee-free electronic state registration, while LLCs are not covered by this exemption. The draft amendment proposes extending the waiver to cover the electronic registration of LLCs as well.
Once the change takes effect, both domestic and foreign-invested LLCs will be able to complete electronic registration without paying a state duty.
