Number of newly created commercial structures increases in Azerbaijan

In January-August this year, 7,482 commercial organizations passed state registration in Azerbaijan, which is 23 percent more than in the same period last year, Report informs referring to the State Tax Service under the Economy Ministry.

Some 82.8% of these institutions are registered online and 17.2% on paper. The share of limited liability companies registered online with local investments was 92.3%.

Of 7,482 commercial organizations registered in the reporting period, enterprises with local investments made 91.2%, enterprises with foreign investments made 8.8%. The share of state registration of commercial organizations with local investments in comparison with the corresponding period last year has increased by 36.5%.