Growth of registration of legal entities has accelerated for past 10 months

16:40 - 25.11.2019


November 25, Fineko/abc.az. The number and classification of taxpayers registered in Azerbaijan as of 1 November 2019 has been published.

ABC.AZ reports with reference to Tax Ministry’s press service that the dynamics of rapid growth in the sphere of state registration of legal entities was observed for the past 10 months.

During the reported term the number of registered legal entities grew by 31.3% (against the 2018 same term), and the share in the e-registration of limited liability companies with local investments increased from 81.9% up to 88.7%. And over the last 5 months of this year the share of e-registration exceeded 90%.

A new method of registration (PIN code + mobile number), introduced since the beginning of this year, has further increased the proportion of e-registration.

 

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