Personal accounts: Azerbaijan
An honest assessment before work starts, the quote is fixed in writing.
We assess your chances against your profile, prepare the compliance file, help you present your source of funds properly and handle communication with the bank until it decides. The final decision always rests with the bank, and careful preparation improves the odds.
We quote the exact cost for this country after a short consultation: it depends on the bank and your residency. The quote is fixed in writing before work starts.
Taxes for a personal account holder
| Income | Rate 2026 |
|---|---|
| Salary in the private non-oil sector | 3% up to AZN 2,500 a month, 10% on the part up to 8,000, 14% above |
| Deposit interest | 10% at source; manat deposits up to AZN 200 a month, ~$120, per bank tax-free |
| Dividends | 5%, final |
| Renting a home to an individual | 10% |
A tax resident is someone who spends more than 182 days in Azerbaijan in a calendar year, not necessarily in a row. A resident pays tax on worldwide income, a non-resident only on Azerbaijani income.
We will calculate online the cost of opening a personal account and maintaining it for a year.
The account and residence
A bank deposit of AZN 100,000, about $58,900, at a bank operating in Azerbaijan is itself a ground for temporary residence; property of that value is too. So the account is often the first step of a move. Opening needs a translated passport, a tax number, an address and source of funds.
Grounds for residence
| Ground | Condition |
|---|---|
| Investment | from AZN 500,000, ~$294,200 |
| Property | from AZN 100,000, ~$58,900 |
| Bank deposit | from AZN 100,000 at a bank operating in Azerbaijan |
| Managing a company or branch | manager or deputy in a company with a foreign founder |
What we do
- We choose a bank and open the account or deposit.
- We prepare the passport translation, tax number and source of funds documents.
- We apply for temporary residence.
What we do
- Personal account - opening assistance
See also
Company formation · Business account · Investment property · Country taxes · All country programs
FAQ
Can a non-resident open a bank account in Azerbaijan?
Do I need a residence permit in Azerbaijan to open an account?
How do I prove source of funds in an Azerbaijani bank?
Does CRS work in Azerbaijan?
Does a deposit in an Azerbaijani bank give residence?
Is deposit interest taxed in Azerbaijan?
How many days make you an Azerbaijani tax resident?
What tax does an Azerbaijani resident pay on salary?
What is the tax on renting out a home in Azerbaijan?
Is a resident's worldwide income taxed in Azerbaijan?
What dividend tax does an individual pay in Azerbaijan?
Is a tax residence certificate needed in Azerbaijan?
Can the deposit for Azerbaijani residence be in dollars?
Want to open a personal account in Azerbaijan?
We choose a bank in Azerbaijan, tell you whether a local tax number or registration is needed, prepare the documents and follow the opening. Every country is in the searchable catalogue.
The Murblz consultant replies straight away in the chat on this page. Describe your situation and we will work it out together.
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