Recommendation letters

Tracerco Limited

February 22, 2022

TO WHOM IT MAY CONCERN

Recommendation letter

 “Tracerco Limited” Azerbaijan Branch Office has been working with “Financial Chain Corporation” since April 2021. The company offers high quality services, including but not limited to Consulting and Management services.

During the period of cooperation, the Financial Chain Corporation LLC was demonstrated professional approach and desire to perform the tasks in the best possible way and with high quality. We would highly recommend Financial Chain Corporation LLC as a competent and reliable company for cooperation.

NOKIA SOLUTIONS AND NETWORKS

Letter of Recommendation

To Whom It May Concern:

Date: 14.07.2020

From August, 2019 NOKIA SOLUTIONS AND NETWORKS successfully cooperates with BRANCH OF FINANCIAL CHAIN CORPORATION LLC in Kazakhstan, which provides recruiting and outstaffing services to our company.

During the period of cooperation, the specialists of the BRANCH OF FINANCIAL CHAIN CORPORATION LLC in Kazakhstan confirmed their high professionalism, the desire to perform the tasks in the best possible way, as well as the operational efficiency and individual approach to solving emerging issues.

Cooperation with FCHAIN in Kazakhstan is based on trust and consideration of mutual interests, which ensures high quality of services provided. We are fully satisfied with the cooperation with the company and recommend BRANCH OF FINANCIAL CHAIN CORPORATION LLC in Kazakhstan as a reliable partner and professional provider of recruiting and outstaffing services in Kazakhstan.

JEFF KAZAKHSTAN S.L. LLP

To Whom It May Concern: Date: 24.07.2020

From October, 2019 JEFF KAZAKHSTAN S.L. LLP successfully cooperates with BRANCH OF FINANCIAL CHAIN CORPORATION LLC in Kazakhstan, which provides legal services, such as entity registration, bank accounts opening, legal advising/consulting/support on documents adaptation and accounting services to our company.
During the period of cooperation, the specialists of the BRANCH OF FINANCIAL CHAIN CORPORATION LLC in Kazakhstan confirmed their high professionalism, the desire to perform the tasks in the best possible way, as well as the operational efficiency and individual approach to solving emerging issues.
Cooperation with FCHAIN in Kazakhstan is based on trust and consideration of mutual interests, which ensures high quality of services provided. We are fully satisfied with the cooperation with the company and recommend BRANCH OF FINANCIAL CHAIN CORPORATION LLC in Kazakhstan as a reliable partner and professional provider of legal and accounting services in Kazakhstan.

DOPPELMAYR RUSSIA

Letter of Recommendation

Date: 19.01.2021

To Whom It May Concern

From January, 2020 LLC DOPPELMAYR RUSSIA successfully cooperates with BRANCH OF FINANCIAL CHAIN CORPORATION LLC in Kazakhstan, which provides accounting and tax bookkeeping services, provision of IFRS reporting by international standards, legal services, full support of DOPPELMAYR entity in Kazakhstan Republic.

During the period of cooperation, the specialists of the BRANCH OF FINANCIAL CHAIN CORPORATION LLC in Kazakhstan confirmed their high professionalism, the desire to perform the tasks in the best possible way, as well as the operational efficiency and individual approach to solving emerging issues.

Cooperation with FChain in Kazakhstan is based on trust and consideration of mutual interests, which ensures high quality of services provided. We are fully satisfied with the cooperation with the company and recommend BRANCH OF FINANCIAL CHAIN CORPORATION LLC in Kazakhstan as a reliable partner and professional provider of accounting and tax bookkeeping services, service of IFRS reporting preparation and legal services in Kazakhstan.

Microsoft

TO WHOM IT MAY CONCERN

This is to certify that Microsoft Azerbaijan LLC has been employing Financial Chain Corporation LLC since December 2005. During this period F-CHAIN LLC has been rendering accounting services, as par both the Azerbaijani GAAP and Microsoft Corporate Internal accounting procedures.

HR outsourcing is another important and vital part of the professional services being provided by F-CHAIN LLC according to all requirements of Labor Code of the Azerbaijan Republic.

During this time F-CHAIN LLC has proved themselves as a reliable, resourceful and diligent partner with excellent organizational and time management skills. We have no hesitation in recommending F-CHAIN LLC in either a stand alone or team environment.

Nokia

Dear Sir/Madam:

NOKIA SOLUTIONS AND NETWORKS Baku LLC cooperated with FINANCIAL CHAIN CORPORATION LLC has been providing out staffing, accounting and migration services to our company since 2007.

During this period of cooperation, the specialists of FINANCIAL CHAIN CORPORATION LLC company have proved their high professionalism, efforts to solve the imposed issues in the best case, operativeness and individual approach in solution of arising matters.

The cooperation with FINANCIAL CHAIN CORPORATION LLC company has been established on confidence and recognition of mutual interests, that provides the high quality of provided services. We are fully satisfied on the cooperation with the company and recommend FINANCIAL CHAIN CORPORATION LLC as a reliable partner and professional provider of out com installation, telecom installation, site construction services and site materials in Georgia.

We wish success to FINANCIAL CHAIN CORPORATION LLC company and hope to such efficient cooperation in the future.

DHL

RECOMMENDATION LETTER

Date: May 10, 2017

To Whom it May Concern:

This is to confirm that “FINANCIAL CHAIN CORPORATION” LLC registered “DHL GLOBAL FORVARDİNG AZERBAIJAN” LLC on 24.06.2017. Since that period FCHAIN has been providing DHL with Tax Advisory services, Accounting services based on SAP with IFRS reporting integrated with 1C 8.3 soft, preparation and registration of migration documents for Work and Residence Permit purposes for expats, HR, Payroll and Outstaffing services.

Over that period, FCHAIN has demonstrated substantial service performance capacities and unique ability to identify and solve problems. FCHAIN’s experience in dealing these services has been a very valuable asset, which is definitely of no less value to any other company using services rendered by FCHAIN.

We have no hesitation in recommending FCHAIN in either a stand-alone or team environment.

Hewlett-Packard

It is my great pleasure to write this letter of recommendation for Financial Chain Corporation LLC. “F-CHAIN” has been providing “The Branch of Hewlett-Packard International B.V. in Azerbaijan Republic” branch office in Azerbaijan with Outstaffing Services from April 2012 till present. Over that period of time, F-CHAIN has demonstrated substantial service performance capacities and unique ability to identify and solve problems. F-CHAIN’s experience in dealing with accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by F-CHAIN.

I hereby present my approval if F-CHAIN is considered by any company as potential service contractor and recommend them as an excellent choice.

European Union Delegation

To Whom It May Concern

The European Union Delegation to Azerbaijan has contracted the Financial Chain Corporation LLC (formal Caspian Accounting and Consulting Services LTD) since March 2011 till September 2014 to perform outsource accounting services related to submission of various reports to local authorities concerning the calculation of income tax and social contributions of the Delegation’s local staff as we as other statistical information as required by legislation of the Republic of Azerbaijan.

The core duties of the Financial Chain Corporation LLC under this contract were focused on calculation and processing of income tax amount and social contributions of local staff and provision of various reports to local authorities. This included quarterly and annual reports on various subjects.

During implementation of the contract the company has been always performing its tasks at the highest level and demonstrated excellent level of professionalism and competence. All reports have been timely submitted to local authorities by the Financial Chain Corporation LLC on behalf of the Delegation and we have never received a single remark regarding its consistency.

Besides its core duties the company has also assisted the Delegation in submission of reports for reimbursements of VAT for personal purchases made by Delegation’s diplomatic staff.

I would recommend the Financial Chain Corporation LLC for exaction of tasks within scope of their activities.

Estee Lauder

This is to certify that Estee Lauder Azerbaijan LLC has been employing Financial Chain Corporation LLC since April 2014. During this period F-CHAİN LLC has proved themselves as a reliable, resourceful and diligent partner with excellent organizational and time management skills in Accounting, as per both the Azerbaijani GAAP and Estee Lauder Internal accounting procedures, tax consulting, HR, Payroll sphere & preparation and registration documents for State Migration office for foreigners.

I hereby present my approval if F-CHAİN is considered by any company as potential service contractor and recommend them as an excellent choice.

BASF

Dear Sir/Madam,

I am writing this letter to recommend the services of “Financial Chain Corporation” to you.

“BASF Caspian” LLC has been working with FCHAIN since July 2019. The company offers high quality services, specifically Outstaffing, HR and Payroll services. We can say that we have always been satisfied by their work.

During the period of cooperation, the specialists of the “Financial Chain Corporation” LLC confirmed their high professionalism, the desire to perform the tasks in the best possible way, as well as the operational efficiency and individual approach to solving emerging issues.

Cooperation with “Financial Chain Corporation” LLC is based on trust and consideration of mutual interests, which ensures high quality of services provided.

Thus, we consider it advisable to recommend “Financial Chain Corporation” LLC as a competent and reliable company for cooperation to whom it may concern.

Baxter AG

Dear Sir/Madam,

I am writing this letter to recommend the services of Financial Chain Corporation to you.

Baxter AG. has been working with FCHAIN since July 2019. The company offers high quality services, specifically Employer of Record (EOR) services. We can say that we have always been satisfied by their work.

During the period of cooperation, the specialists of the Financial Chain Corporation confirmed their high professionalism, the desire to perform the tasks in the best possible way, as well as the operational efficiency and individual approach to solving emerging issues.

Cooperation with Financial Chain Corporation is based on trust and consideration of mutual interests, which ensures high quality of services provided.

Thus, we consider it advisable to recommend Financial Chain Corporation as a competent and reliable company for cooperation to whom it may concern.

DOPPELMAYR SEİLBAHNEN GMBH in Azerbaijan

To Whom it May Concern:

This is to confirm that Financial Chain Corporation LLC has been providing “Branch Office of DOPPELMAYR SEİLBAHNEN GMBH in Azerbaijan” with tax advisory, accounting, preparation and registration of migration documents, acting as the Customer’s representative, general management serives from May 2010 till present. Over that period of time, F-CHAIN has demonstrated substantial service performance capacities and unique ability to identify and solve problems. F-CHAIN’s experience in dealing with management, accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by F-CHAIN.

We have no hesitation in recommending F-CHAIN LLC in either a stand alone or team environment.

ABDI Ibrahim

To Whom it May Concern:

This is to confirm that Financial Chain Corporation (F-CHAIN) has been providing “Representative office of ABDI Ibrahim in Azerbaijan” with tax advisory, accounting and HR services, from February 2009 till present. Over that period of time, F-CHAIN has demonstrated substantial service performance capacities and unique ability to identify and solve problems. F-CHAIN has made effective contributions to streamlining the work of our company’s Accounting and HR Department. F-CHAIN’s experience in dealing with accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by F-CHAIN.

I hereby present my approbations if F-CHAIN is considered by any company as potential partner and recommend the firm as a right choice.

AVIS

This letter is written to express our complete satisfaction with the services provided by Financial Chain Corporation LLC.

Our cooperation with Financial Chain Corporation LLC continues since January 2013. During this time the company has recommended itself as stable and reliable business partner.

Employees of the company professionally solve posed tasks. They know how properly and in time prepare and provide reports to the government agencies without any further problems. Owing to main principle of work of the company-formation of partner relationship with the clients, based on mutual cooperation and professionalism, it borrows, in our opinion, stable position in the filed of accounting and auditing.

Management of the company is able to combine care of the interests of their clients with an objective assessment of the reliability of reports.

Daewoo

I have had the pleasure of working with Financial Chain Corporation and his team for 5 months now. The Company is very dedicated, conscientious, hard-working and they make decisions with the highest level of integrity. Financial Chain Corporation completes all tasks professionally and ahead of schedule. Since November 2013 year they are provided our company with the accounting and HR services. The service of Financial Chain Corporation is provided in a professional manner. The principels of Financial Chain Corporation provided an array of alternatives and proposals from which to choose throughout the development process which made the resulting product customized to our particular needs. I would recommend Financial Chain Corporation to any Company that is looking for accounting and HR services. If you are looking for a company you can trust has the highest level of integrity, then Financial Chain Corporation is the Company you’re looking for. We will continue to use their services

Smape

RECOMMENDATION

To Whom it May Concern:

This is to confirm that Financial Chain Corporation (FChain) has been providing The Branch of S.M.A.P.E. SRL Societa M.P.L.A.P Ed E. in Azerbaijan Republic with tax advisory, accounting, preparation and registration of migration documents since 2012 till present. Over that period, FChain has demonstrated substantial service performance capacities and unique ability to identify and solve problems. FChain has made effective contributions to streamlining the work of our company’s Accounting Department. FChain’ s experience in dealing with accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by FChain.

I hereby present my approbations if FChain is considered by any company as potential partner and recommend the firm as a right choice.

Borusan

From January 31, 2019 Borusan Makina ve Güc Sistemleri Senaye ve Ticaret”A.S. Azerbaijan Representative, which provides outstaffing services to our company.

During the period of cooperation, the specialists of the “Financial Chain Corporation” LLC confirmed their high professionalism, the desire to perform the tasks in the best possible way, as well as the operational efficiency and individual approach to solving emerging issues.

Cooperation with “Financial Chain Corporation” LLC is based on trust and consideration of mutual interests, which ensures high quality of services provided. We are fully satisfied with the cooperation with the company and recommend “Financial Chain Corporation” LLC as a reliable partner and professional provider of outstaffing services in Azerbaijan.

Jumeirah Management Services Baku LLC

This is to confirm that “FINANCIAL CHAIN CORPORATION” LLC has been providing “Branch Office of Jumeirah Management Services (BAKU) LLC in Azerbaijan Republic” with tax advisory, accounting and HR services from December 2016 till present. Over that period, FCHAIN has demonstrated substantial service performance capacities and unique ability to identify and solve problems. FCHAIN has made effective contributions to streamlining the work of our company’s Accounting Department. FCHAIN ‘s experience in dealing with accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by FCHAIN.

I hereby present my approbations if FCHAIN is considered by any company as potential partner and recommend the firm as a right choice.

SAP

Letter of Recommendation

To whom it may concern

It’s with great honor and pleasure to write this referral letter for Financial Chain Corporation company. The service provided for our company mainly relate to legal consultations on local and international Tax spheres and it has been done in a professional manner, according to international standards and rules and within agreed time frames. Thus, we are fully satisfied by consultants.

The FCHAIN business credibility and work ethic are commendable. So, I would highly recommend FCHAIN services to any customer who may need high level professional services.

Samsung Engineering

I am writing this letter of reference for Caspian Accounting & Consulting Services (CACS). I have had the pleasure of knowing CACS since they were referred to me by a trusted friend in 2014. CACS provides us with Professional, Advisory and Consultancy Services since October 2014. In that time I have appreciated the level of integrity and honesty in which he has handled all of my business affairs. CACS has always made the time and shown enthusiasm to discuss any and all questions or concerns I have had throughout the years. I have always found CACS to be a team of hard working, self motivated, forthright, and capable individuals. I have gladly referred many of my business environment and will continue to recommend CACS to anyone I need of sound tax and accounting services.

Strabag LLC

This is to confirm that Caspian Accounting & Consulting Services (CACS) has been providing Strabag LLC with tax advisory, accounting and HR services, from May 2009 till present. Over that period of time, CACS has demonstrated substantial service performance capacities and unique ability to identify and solve problems. CACS has made effective contributions to streamlining the work of our company’s Accounting and HR Department. CACS’s experience in dealing with accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by CACS.

I hereby present my approbations if CACS is considered by any company as potential partner and recommend the firm as a right choice.

GS Engineering & Construction

This is confirm the branch of GS Engineering & Construction in Azerbaijan have worked with Caspian Accounting & Consulting Services (CACS). CACS is providing accounting services and legal support to our company by contract #3 signed on 15th of November 2007.

During this time Caspian Accounting & Consulting Services has proved trustworthy, reliable and resourceful as well as professional partner on all aspects of the law of Republic of Azerbaijan.

AIG Caspian

Being one of the largest professional services firms in the Azerbaijan market, Caspian Accounting & Consulting Services (CACS) in staffed with highly skilled, experienced and dedicated accountants, legal advisors and tax consultants. Over the past few years, CACS has been providing the said services to AIG Caspian, a member company of American International Group (AIG).

The firm proved trustworthy, reliable and resourceful as well as knowledgeable partner on all aspects of the Azerbaijan legislation.

Ehrmann LLC

This is to certify that Ehrmann LLC has been working with Caspian Accounting & Consulting Services (CACS) since January,2009. CACS provides us accounting support and outsourcing services in accordance with Laws of Azerbaijan and the internal procedures of Ehrmann LLC. Also we’d like to add that CACS is our mediator in work with leasing companies.

During the time of our work CACS showed itself as a professional and reliable partner with good organizational and management skills.

We hereby recommend CACS as one of the best providers in the field of accounting and legal services.

Fujitsu Technology Solutions GmbH for Middle Asia and Caucasus

This is to inform that Caspian Accounting & Consulting Services has been rendering accounting and related services to the representation of Fujitsu Technology Solutions GmbH for Middle Asia and Caucasus in the period 2007/2008 on the base of related contract and is rendering till now different services upon request.

The representation of Fujitsu Technology Solutions GmbH for Middle Asia and Caucasus is fully satisfield with the quality and price/performance relation of the before mentioned services which were provided according to all requirements of the Labour Code of the Azerbaijan Republic.

Nokia Siemens Networks Baku LLC

This is to certify that, Caspian Accounting & Consulting Services has been rendering accounting and registration services to NSN Baku LLC since 2006.

HR outsourcing is one of the significant parts of the professional services being rendered by CACS according to the requirements of the Labor Legislation of the Republic of Azerbaijan. Within this period CACS proved themselves to be competent, qualified and reliable partner. Considering all above-mentioned points, Caspian Accounting & Consulting Services is highly recommended to any organization/company in rendering all kinds of accounting, payroll and HR outsourcing services.

Siemens LLC

Dear Sir/ Madam,

This is to certify that we work with Caspian Accounting & Consulting Services from May 2004. CACS actively took part in the process of Siemens LLC official registration and could speed the process.

After the registration process was over we concluded contract with Caspian Accounting & Consulting Services for rendering accounting and consulting services to us.

During one year of mutual cooperation the CACS has showed itself the positive side. Because of the high level and competence of the employees of CACS they rendered us a good service.

I hereby recommend Caspian Accounting & Consulting Services as a one of the best providers of accounting and consulting services.

Bakcell

Despite our long term partnership with CACS Company, they’ve submitted even more opportune proposals for our tender on integration of 1C accounting program and provided advisory and integration services for our company’s Salary and HR units, as well as the necessary software licenses. Thus, integrations of information from the older and newer versions of 1C Software was successfully, and CACS has provided our company with relevant consulting services in this area. At the same time, CACS has assisted our company in organizing efficient work process with regard to automation of reports submitted to the State Social Fund, as well as in preparation of certain reports by the HR. Right now CACS Company provides regular support and maintenance services.

Azerconnect

Despite our long term partnership with F-CHAIN Company, they’ve submitted even more opportune proposals for our tender on integration of 1C accounting program and provided advisory and integration services for our company’s Salary and HR units, as well as the necessary software licenses. Thus, integrations of information from the order and newer versions of 1C Software was successfully, and F-CHAIN has provided our company with relevant consulting services in this area. At the same time, F-CHAIN has assisted our company in organizing efficient work process with regard to automation of reports submitted to the State Social Fund, as well as in preparation of certain reports by the HR. Right now F-CHAIN Company provides regular support and maintenance services.

Heerim Architects & Planners Co

This is to confirm that Caspian Accounting & Consulting Services (CACS) has been providing “Heerim Architects & Planners Co ” branch office in Azerbaijan with tax advisory, accounting services from September 2012 till present. Over that period of time, CACS has demonstrated substantial service performance capacities and unique ability to identify and solve problems. CACS has made effective contributions to streamlining the work of our company’s Accounting Department. CACS’s experience in dealing with accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by CACS.

I hereby present my approbations if CACS is considered by any company as potential partner and recommend the firm as a right choice.

ZTE

This is to confirm that Caspian Accounting & Consulting Services (CACS) has been providing “Branch Office of ZTE Corporation in Azerbaijan” with tax advisory, accounting, preparation and registration of migration documents from November 2009 till present. Over that period of time, CACS has demonstrated substantial service performance capacities and unique ability to identify and solve problems. CACS has made effective contributions to streamlining the work of our company’s Accounting Department. CACS’s experience in dealing with accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by CACS.

I hereby present my approbations if CACS is considered by any company as potential partner and recommend the firm as a right choice.

AzIntelecom LLC

AzIntelecom LLC of the Ministry of Communications an High Technologies has been successfully cooperating with Financial Chain Corporation under outstaffing services since July 4, 2016.

During the cooperation period specialists of Financial Chain Corporation have proved their high qualifications, diligence and capacity to adequately fulfill assigned tasks, quick responsiveness and personalized approach.

Cooperation with Financial Chain Corporation is based on trust and common interests and ensures provision of high quality services. We are fully satisfied with cooperation with Financial Chain Corporation and happy to recommend the company as the reliable partner and professional service provider.

GPAY LLC

To Whom it May Concern:

This is to confirm that Financial Chain Corporation LLC have been our reliable partner in Georgia. Director Sergeii Molin on behalf of GPAY LLC wants to express gratitude to the accounting company Financial Chain Corporation LLC, particularly to a country manager – Ella Lekishvili.

Ella is a high-class specialist, not only in accounting matter, she is an excellent assistant to any beginner company. She is better than many who understands the issues of accounting reporting in the territory of Georgia. Ella has been a flexible and reliable partner throughout the business cycle.

In Financial Chain Corporation, it is important to note other employees – they have been punctual and responsible throughout the time of our cooperation. I am ready to recommend this accounting company to any foreign entrepreneurs if they are aimed to open a business in Georgia.

Success and Prosperity.

HAYAT CLINIC

Date: May 08, 2018

To Whom it May Concern:

Professionals of our medical center constantly improve their knowledge. HAYAT CLINIC closely cooperates with famous medical centers of Europe, Turkey. We have many plans; we constantly improve business processes to meet the needs of each of you.

Having cooperated with Financial Chain Corporation (FCHAIN) HR department I would like highlight punctuality and planning as one of the core elements which brings success to HR team. Being organized and being punctual are essential in providing services to clients.

Despite dealing with lots of companies, FCHAIN HR team has been able to record all necessary documentation of my workers. It is a clear sign that teamwork is properly organized thus earning credits, which I am sure, will help the members acquire as many clients as they can.

As a person who is in the business for years I can truly recommend FCHAIN as one of the best business service companies in Azerbaijan market.

Azercell

From December 3, 2018 “Azercell Telekom” LLC successfully cooperates with “Financial Chain Corporation” LLC, which provides outstaffing services to our company.

During the period of cooperation, the specialists of the “Financial Chain Corporation” LLC confirmed their high professionalism, the desire to perform the tasks in the best possible way, as well as the operational efficiency and individual approach to solving emerging issues.

Cooperation with “Financial Chain Corporation” LLC is based on trust and consideration of mutual interests, which ensures high quality of services provided. We are fully satisfied with the cooperation with the company and recommend “Financial Chain Corporation” LLC as a reliable partner and professional provider of outstaffing services in Azerbaijan.