90% of commercial legal entities created this year have form of LLC


September 14, Fineko/abc.az. As of 1 September 2022, 89.4% of registered commercial legal entities are limited liability companies (LLC), 1.4% are joint-stock companies, 1.2% are cooperatives, etc, ABC.AZ reports with reference to the State Tax Service.

As of this date, the number of active VAT-payers within state-registered commercial institutions amounted to 28,929 (an increase of 14.1% versus Jan-Aug 2021).