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Foreigners manage 25% of companies established in April

The State Tax Service under the Ministry of Economy revealed the list of 1,689 companies included in the state register of commercial legal entities in April. Note that 25% of legal representatives are citizens of foreign countries.

In April there were 217 companies whose directors were appointed by citizens of Pakistan. In this list India takes the second place with 77. Turkish citizens run 45 companies created in April, Iran – 34, Russia – 28, Georgia – 6, Nigeria – 4, Ukraine, Germany and Belarus – 2, etc.

Data on commercial legal entities put on the state register in May and June have not yet been made public. The information on founders of commercial legal entities in Azerbaijan since July 2012 is considered confidential.

Source: Turan News Agency