Newsroom

06.10.2025

How the HR Department Can Increase a Company’s Success: Effective Work Principles of the HR Department

How the HR Department Can Increase a Company's Success: Effective Work Principles of the HR Department Nowadays, Human Resources (HR) is not just about hiring employees and calculating salaries. In the modern business world, the HR function has transformed into…

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25.09.2025

Information from Financial Chain Corporation

New Reporting Requirement Starting immediately, individual entrepreneurs (natural persons conducting business without forming a legal entity) and legal entities undergoing bankruptcy proceedings in Azerbaijan must notify the tax authorities within 15 days of either the initiation or the conclusion of…

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25.09.2025

Financial Chain Corporation Presents: Rules for Calculating Salary During Business Trips

1. Definition and Maximum Duration of a Business Trip According to the Ministry of Finance’s “Rules on Employee Business Trips” (Order No. Q-01 dated January 18, 2012), a business trip (“ezamiyyə”) occurs when an employee is sent away from their…

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25.09.2025

Explanation from Financial Chain Corporation’s Tax and Legal Expert

According to amendments to the Tax Code effective January 1, 2024, meal expenses for employees may be deducted from taxable income in accordance with the norms and procedures established by the Cabinet of Ministers. At the same time, VAT paid…

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25.09.2025

Overview of Business Registration

State registration of a business is a mandatory legal step for any organization or individual entrepreneur intending to conduct commercial activities in Azerbaijan. Foreign individuals and legal entities enjoy the same registration rights as local residents. When establishing a business…

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25.09.2025

Financial Chain Corporation Presents: Work Permit in Azerbaijan

What Is a Work Permit? A work permit in Azerbaijan is an official document that authorizes local companies and individual entrepreneurs to employ foreign specialists. An application for a work permit must be submitted before signing the employment contract. Additionally,…

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