Hiring in Azerbaijan
Long a Soviet satellite with a limited economy, Azerbaijan has become synonymous with black gold, big buildings and big aspirations. From the capital Baku and its fast-paced, international vibe to the traditional farming communities that pepper Azerbaijan’s mountainous interior, Azerbaijan is on a transformative journey that is putting it on a par with the glittering oil-rich cities of the Middle East in terms of fanciful architecture and international business.
Thanks to this desire to develop, Azerbaijan has made itself attractive to foreign investment. Alongside the dominant oil and gas industries (accounting for 95% of Azerbaijan’s economy), there is a growing high tech sector and plenty of opportunities within finance, telecoms and now tourism.
Hiring in Azerbaijan is comparable to both European and CIS nations, and employees have access to extensive worker’s rights. There is a PAYE social security system in place, with favourable tax rates compared to other European developed nations.
Why use TopSource Worldwide in Azerbaijan?
We free your teams from the burden of managing payroll across borders, working diligently to ensure a seamless process across all activities.
We’ll manage the data flow from you to every local market and will return data to you in a readable format for each of your key teams, including payroll journals if needed.
Our services combine process excellence with a human-centric approach, and our top priority is always the care and compliance of your payroll — no matter where in the world you operate.
- Leverage our experience and ensure in-country Payroll compliance.
- Reduce processing and back office time.
- Align processes, reducing complexity and risk
- A single, centrally managed payroll system that delivers a fluid and consistent service to you and your employees.
- Flexibility of service — adapting to your needs, regardless of the market.
- The option to work with other providers you already have in place, if needed.
- Global HR data management and data tracking where required.
- Global payments support for both employees and authorities.
- A dedicated team and account manager so that you always have a central point of contact
What TopSource Worldwide provides in Azerbaijan
- Simplicity – we provide one monthly consolidated invoice for the services provided inclusive of salaries, taxes, fees and employee expenses. This reduces banking costs and your finance teams time spent.
- One point of contact – a single Account manager looking after all your Payroll.
- Compliance – all funds payable to the employee are processed through payroll. You receive monthly evidence of taxation paid to the competent authorities in country.
- All services are provided by in-country experts that are professionally qualified in their respective fields.
- Electronic payslips for all employees.
- All Statutory filing completed by TopSource Worldwide.
We appreciate each situation and business is different. That is why we offer a consultative and bespoke solution to every client. We know one size does not ‘fit all’.
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