background image

The Republic of Azerbaijan is a country situated at the crossroads of Southwest Asia and Southeastern Europe. It is bordered by Russia, Georgia, Armenia and Iran. Azerbaijan has a presidential republic form of government, with Baku as the capital. Azerbaijan is a leading exporter of oil and natural gas.

The currency is the Azerbaijani Manat (AZN).


AZN   Azerbaijani Manat
ALC   Additional Liability Company
CFC   Controlled Foreign Corporation
GAAR   General Anti-Avoidance Rule
HGA   Host Government Agreements
IFRS   International Financial Reporting Standards
JSC   Joint Stock Company
LLC   Limited Liability Company
MEP   Main Exporting Pipeline
PE   Permanent Establishment
PSA   Production Sharing Agreements
RO   Representative Office
SEZ   Special Economic Zones
VAT   Value Added Tax
WHT   Withholding Tax