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]

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.