Good news is that head of the LLC, I mean you, does not need to obtain Work Permit to engage in business activity in Azerbaijan. This exemption will reduce your administrative burden.
However, if your company wants to invite any foreign employees (like your friends), their status will be paid labor. In such case, your company has to arrange their Work Permit, in addition to Temporary Residence Permit. This point has to be considered, if you want to establish your company jointly with your foreign friends, etc. And this difference of status affects after 2 years stay, if you want to apply Permanent Residence Permit. Permanent Residence Permit Basically, foreigners who has stayed in Azerbaijan for 2 years under Temporary Residence Permit (TRP) have a right to apply Permanent Residence Permit. However, if you (head) operates your company with your foreign friends (labor), there will be discrepancy.
If you consider to establish your business with your foreign friends, be careful on Permanent Residence Permit conditions.
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