AZE - LAW ON STATE REGISTRATION

Rather considerable changes have been made to some interconnected legislation, thus the Law of the Republic of Azerbaijan "On State Registration and State Registry of Legal Entities" and the Tax and Code of the Republic of Azerbaijan updates on the Registry Information of Legal Entities and Taxpayers in Azerbaijan.

According to the latest changes to the Law “On state registration of legal entities and the state register” (“Law”) and Tax Code of the Republic of Azerbaijan (“Code”) as of July 21, 2025, the time period for submitting of information to the state registry on any changes to corporate structure, appointment of top management etc. is reduced from 40 to 15 business days.  This means that any changes made to the shareholding structure, business name change, changes in principle management of branch and representative offices of foreign legal entities, etc. must be duly registered with the Registration Authority of Azerbaijan (State Tax Service of the Republic of Azerbaijan) within 15 business days from the date of such changes taking place.

Also, effective July 21, 2025 the same amendment envisages any bankruptcy proceeding must be registered with the government.  Information regarding bankruptcy of legal entity shall be submitted to the Registration Authority (State Tax Service of the Republic of Azerbaijan) with an application of no later than 15 business days after the commencement of bankruptcy proceedings.

Failure to register amended registration data with the relevant state authority or failure or delay in communicating the relevant authorities of such amendments are subject to administrative fines ranging from AZN 1,000 – AZN 2,000 (one thousand to two thousand manats) for officials/managerial staff, and from AZN 2,500 – AZN 3,000 (two thousand five hundred to three thousand manats) for legal entities.