Azerbaijan Geography, Economy, and Culture

Located in the Caucasus region, Azerbaijan is bounded by the Caspian Sea to the east, Russia to the north, Georgia to the northwest, Armenia to the west and Iran to the south. The Azerbaijan Democratic Republic proclaimed its independence in 1918 and became the first secular democratic Muslim-majority state, although incorporated into the Soviet Union for most of the 20th century.

It is an oil-rich nation that uses its energy revenues to create a government-run fund involved in international projects. It has also used its resources to rebuild its army. Despite its wealth and increased influence in the wider region, poverty and corruption continue to overshadow the country’s development.

The majority of its population is Shia Muslim and its official language is Azerbaijani, a Turkic language. Saffron-rice plov is the flagship food in Azerbaijan and black tea is the national beverage. Azerbaijanis often use a traditional armudu (pear-shaped) glass as they have a very strong tea culture.

2021
March 20Nowruz
March 21Nowruz/Spring Holiday
March 22Nowruz/Spring Holiday
March 23Nowruz/Spring Holiday
March 24Nowruz/Spring Holiday
May 9Victory Day over Fascism
May 10Victory Day over Fascism observed
May 13Ramadan holiday
May 14Ramadan holiday
May 28Republic Day
June 15Day of National Salvation of the Azerbaijani People
June 26Azerbaijan Armed Forces Day
June 28Azerbaijan Armed Forces Day observed
July 20Feast of the Sacrifice
July 21Feast of the Sacrifice (day 2)
November 9State Flag Day of Azerbaijan
December 31World Azerbaijanis Solidarity Day
  • Limited Liability
  • Corporation
  • Partnership
  • Corporate Tax: 20%
  • Income Tax (Lowest Marginal Rate): 14%
  • Income Tax (Highest Marginal Rate): 25%
  • VAT/GST/Sales Tax: 18%
  • AccessBank (Commercial Bank)
  • AFB Bank (Commercial Bank)
  • AGBank (Commercial Bank)
  • Amrahbank (Commercial Bank)
  • ASB (Commercial Bank)
  • AtaBank (Commercial Bank)
  • Atrabank (Commercial Bank)
  • Azal Bank (Commercial Bank)
  • Azər-Türk Bank (Commercial Bank)
  • Azerbaijan Credit Bank (Commercial Bank)
  • Bank BTB (Commercial Bank)
  • Bank Eurasia (Commercial Bank)
  • Bank of Azerbaijan (Commercial Bank)
  • Bank of Baku (Commercial Bank)
  • Bank Respublika (Commercial Bank)
  • Bank Melli Iran (Commercial Bank)
  • Bank Silk Way (Commercial Bank)
  • Bank Standard (Commercial Bank)
  • Bank Technique aka Texnikabank (Commercial Bank)
  • Caucasus Development Bank (Commercial Bank)
  • DekaBank (Commercial Bank)
  • Debutbank (Commercial Bank)
  • DemirBank (Commercial Bank)
  • Dresdner Bank (Commercial Bank)
  • EBRD (Commercial Bank)
  • Evrobank (Commercial Bank)
  • Expressbank (Commercial Bank)
  • Ganjabank (Commercial Bank)
  • Günay Bank (Commercial Bank)
  • Kapital Bank (Commercial Bank)
  • KredoBank (Commercial Bank)
  • MuganBank (Commercial Bank)
  • Nakhchivanbank (Commercial Bank)
  • NBCBank (Commercial Bank)
  • Nikoil Bank (Commercial Bank)
  • Parabank (Commercial Bank)
  • PAŞA Bank (Commercial Bank)
  • Rabitabank (Commercial Bank)
  • Royal Bank (Commercial Bank)
  • TuranBank (Commercial Bank)
  • Unibank (Commercial Bank)
  • United Credit Bank (Commercial Bank)
  • VTB Bank Azerbaijan (Commercial Bank)
  • Xalq Bank (Commercial Bank)
  • Yapi Kredi Bank Azerbaijan (Commercial Bank)
  • Zaminbank (Commercial Bank)
  • National Bank of Pakistan (Foreign Bank)
  • International Bank of Azerbaijan (Foreign Bank)
  • Azerbaijan International Bank (Foreign Bank)

Aadmi can support you with your expansion to Azerbaijan. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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