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Why and How to Expand into Azerbaijan
- Azerbaijan's strategic location at the crossroads of Europe and Asia offers a unique combination of economic opportunity and government support for foreign businesses, and it presents real advantages for companies seeking growth beyond familiar markets.
- Azerbaijan is an ideal market for expansion, particularly for energy, technology, agriculture, and logistics industries.
- Azerbaijan's infrastructure is designed to facilitate the seamless movement of goods, making it ideal for businesses in logistics, manufacturing, and supply chains.
- Azerbaijan has diversified significantly opening up new opportunities in agribusiness, innovation, and technology.
- The Azerbaijani government also offers a range of incentives to facilitate foreign businesses’ entry including Special Economic Zones (SEZs), tax incentives, and simplified administrative procedures.
- Ranked 34th out of 190 countries in the World Bank’s Doing Business report, Azerbaijan stands out for simplifying business registration, streamlining property registration, and improving tax systems.
- When expanding into Azerbaijan, it’s important to use the Global Payroll Calculator to understand the total employment costs.
- For companies seeking to expand quickly into Azerbaijan or multiple jurisdictions simultaneously, leveraging a Global Employer of Record (EOR) is a flexible solution, allowing businesses to test the market with minimal upfront investment and avoid the complexities of setting up and managing a legal entity.
- Employees working in Special Economic Zones (SEZs) or on government-backed projects may qualify for tax reductions or exemptions, offering a considerable financial advantage for businesses operating in those areas.
- Global EOR handles the administrative side of the business, so companies can focus on their growth strategy. It also ensures employment practices remain fully compliant, protecting businesses from financial and legal risks.
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