British billionaire to distribute $653 million to employees

British billionaire Mark O'Hara intends to distribute £510 million ($653 million) among his employees, received from the sale of his business.

They are exempt from taxes for 3 years

The Agency for the Development of Small & Medium-sized Businesses (KOBIA) under the Ministry of Economy has issued startup certificates to 10 more SMEs.

Apple's market value has reached $3.5 trillion

Apple became the first company with market capitalization of $3.5 trillion.

A Russian citizen creates a company for 50,000 manats in Azerbaijan

On June 24, 2024, the State Tax Service registered VR Point Baku LLC.

Azersilah for 500 million manats has passed state registration

On June 5, 2024, the State Tax Service registered Azersilah Defense Industry Holding CJSC, established under the Ministry of Defense Industry.

Avto Lizinq Azərbaycan sharply reduced its authorized capital

The authorized capital of Avto Lizinq Azərbaycan LLC, a resident of industrial park Araz Valley Economic Zone has been reduced.

A vocational education center worth 6.6 million manats created

June 13, 2024, the State Tax Service registered the Baku State Center for Vocational Education in Culture & Art (TIN: 1203609451).

A Turkish citizen sets up a company in Azerbaijan for 170,000 manats

On June 20, 2024, the State Tax Service under the Ministry of Economy carried out the state registration of Citrina Logistics LLC.

A company for 26.5 million manats founded in Azerbaijan

On June 27, 2024, the State Tax Service registered Chicken Pro. LLC (TIN: 1605507081).

An Arab businessman creates a company in Azerbaijan for $2.8 million

Two documents signed between Azerbaijani and Chinese companies

Two documents have been signed between Azerbaijani and Chinese companies in Baku as part of the conference “SCO Demonstration Zone - Promoting Logistics and Trade in Azerbaijan".

Over 6,500 Samsung employees went on strike

More than 6,500 employees of South Korean Samsung Electronics went on a three-day strike on Monday.

An Indian citizen has set up a company in Azerbaijan for 50,000 manats

On April 30, 2024, the State Tax Service under the Ministry of Economy carried out the state registration of Nassar & Jayan Group LLC.

German businessman has registered a company in Azerbaijan

In Azerbaijan, a company is liquidated by merging with another

Company FSL LLC ceases operations by joining Faktor Qrup-S-1 CJSC.

Another foreign company closes a branch in Azerbaijan

The branch of UPB Nams LLC (TIN: 1304609411) in Azerbaijan announces liquidation.

Jeff Bezos plans to sell Amazon shares for $5 bn

Amazon CEO and founder Jeff Bezos plans to sell up to 25 million shares of his company by the end of 2025.

Zayam Technology Park suffered a loss of 1.726 million manats

Zayam Technology Park completed 2023 with net loss of 1.726 million manats. In 2022, the company received loss of 1.915 million manats, which means a decrease in loss by 10% year-on-year.

A company for 400,000 euro closes in Azerbaijan

Sika MBCC Azerbaijan LLC (INN: 1300918211) joins Sika LLC (INN: 1700393071) and announces liquidation.

Phil Schiller to join Board of Directors of OpenAI

Phil Schiller will join the Board of Directors of OpenAI as part of the deal with Apple.

A company with authorized capital of 94,000 set up in Baku

On May 1, 2024, the State Tax Service registered Yurd El 2005 LLC.