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Azerbaijan

Financial Sector Enabling Environment in Azerbaijan

Azerbaijan
Ease of doing business (rank)	67
Starting a business (rank)	18
Starting a business - Cost (% of income per capita)	2.3
Starting a business - Procedures (number)	6
Starting a business - Time (days)	8
Starting a business - Minimum capital (% of income per capita)	0
Dealing with construction permits (rank)	177
Dealing with construction permits - Cost (% of income per capita)	292.4
Dealing with construction permits - Procedures (number)	28
Dealing with construction permits - Time (days)	212
Registering property (rank)	9
Cost (% of property value)	0.5
Procedures (number)	4
Time (days)	11
Protecting Investors (rank)	25
Getting credit (rank)	53
Trading across borders (rank)	169
Enforcing contracts (rank)	25
Enforcing Contracts - Cost (as % of claim)	18.5
Enforcing Contracts - Procedures (number)	39
Enforcing Contracts - Time (days)	237
Resolving insolvency (rank)	95

Source: World Bank Doing Business 2013 (RANK: Best=1; Worst=185)

Registering property

Procedures associated with registering property appear to be reasonably good and/or improving.

Conclusion

Azerbaijan scores well in several areas reflecting the state of the enabling environment for financial services, but the corruption remains a big problem for investments and business.

The most problematic factors for doing business in Azerbaijan:

Corruption
Access to financing
Inadequate supply of infrastructure
Tax rates
Inadequately educated workforce
Tax regulations
Inefficient government bureaucracy

Detailed PFS Azerbaijan High Level Financial Sector Overview Oct 2012 can be downloaded here.

Detailed PFS Regional Benchmarking Report Oct 2012 can be downloaded here.

IFTF Members from Azerbaijan

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