Second-year master’s student in Commercial Law (instruction in English) at the
Faculty of Law of Baku State University
E-mail: [email protected]
UDC 347.724(479.24:560)
COMPARATIVE LEGAL ANALYSIS OF THE ESTABLISHMENT OF
LIMITED LIABILITY COMPANIES IN AZERBAIJAN AND TURKEY
Limited liability companies occupy a central place in the economic landscapes of both Azerbaijan and Turkey. They allow entrepreneurs to participate in commercial activities without risking their personal assets beyond the amount they contribute to the company. Investors often choose this organisational form because it combines flexibility with legal certainty.
Over the past decade, both countries have modernised their commercial laws, aiming to attract domestic and foreign investment, protect creditors, and promote transparency. In Azerbaijan, the Civil Code and the Law on State Registration and the State Register of Legal Entities provide the basic rules for establishing LLCs, while the Turkish Commercial Code sets out the corresponding framework in Turkey.