Question Any thoughts on Azerbaijan e/m-Residency?

[Capa]

Anyone had anything on Azerbaijan e residency?
I tried to google for it, but it's a barren desert. Nothing at all. Anyone have any thoughts? Benefit, disadvantages, taxation etc.

 

[Martin Everson]

You mean the same place that just had conflict with Armenia? You mean that oil and gas pump on Caspian sea masquerading as a country?

Personal income tax rates are fair. However what is idea behind the thinking of living in such a country? I can't think of any benefits other than maybe cheap petrol.

 

[Capa]

You mean the same place that just had conflict with Armenia? You mean that oil and gas pump on Caspian sea masquerading as a country?

Personal income tax rates are fair. However what is idea behind the thinking of living in such a country? I can't think of any benefits other than maybe cheap petrol.

Yup, that's the one. I was curious why I can't find anything on it, while Estonia had tons of marketing dollars thrown into theirs.

 

[Allisgood]

I have been to Baku some years ago. It’s not too bad actually. It’s definitely more modern than Tbilisi.

 

[Capa]

And I'm not planning on staying there. Just entertaining the thought of setting a company there ala Estonia. Company will be a tax resident there, and I'll pay the non-resident tax etc. Not sure if feasible at all.

 

[Sols]

The whole program seems to be paused due to COVID.

E-residence seems about as pointless as Estonian e-residency. In this day and age, it's about actual, real residence.

Mobile residence might be useful, but you have significant reputational problems with Azerbaijan. Transactions in and out of Azerbaijan are more likely to be subject to scrutiny that more reputable jurisdictions. Not that you're in any way guaranteed to get a bank account. Banks in Azerbaijan are very finicky.