Foreign citizens establish over 16,000 companies in Azerbaijan this year 

As of September 1, 2021, 16,382 commercial legal entities with foreign investment have been registered in Azerbaijan, State Tax Service under the Ministry of Economy said in a statement, Report informs.

Of this, 10,982 are still in operation, while 4,525 have suspended operation, and 875 have been liquidated.

In August, 35.8% of legal entities were established by Turkey, 11.6% by Georgia, 10.5% by Iran, 9.5% by Russia, 5.3% by Pakistan, and 4.2% by India.