Long-term residency in Azerbaijan can prove to be a turning point in your career as the country is a hub of handsome corporate opportunities. It offers not only incredible employment avenues but also the perfect environment to start or expand your business.
If Azerbaijan is successful in luring you to move to the country, this article can be a helping hand as we’ll be looking at the residence permit procedure in Azerbaijan that you need to undergo to obtain your residence permit.
What is a Residence Permit
A residence permit or an Azerbaijan temporary residence permit (TRP) is the legal permission from the government of Azerbaijan, allowing the applicant to stay and work in the country until his/her residence visa expires. This visa is issued only for a specified period and is complemented by a work permit as you need the means to sustain yourself in the country.
Also Read: Work Visa Requirements for Azerbaijan
Validity of a Residence Permit in Azerbaijan
An Azerbaijan residence permit is initially issued for 2 years after your application is approved by the immigration authority. After you have stayed in the country for 2 years, you can now get your temporary residence permit converted into a permanent residence permit. An Azerbaijan permanent residence permit (PRP) allows a stay of 5 years in the country.
After you have completed a stay period of 7 years in Azerbaijan, you can apply for citizenship i.e. Permanent Residency (PR). However, there are some conditions to this.
1. the PR applicant must know the following.
- The local language
- The historic fundamentals of Azerbaijan
- The general laws of the country
2. Dual citizenship is not accepted in Azerbaijan.
Thus, if you’re a foreign national who is interested in getting Azerbaijan citizenship, it is important to abide by these conditions.
Also Read: Azerbaijan Multiple Entry Visa
Getting Your Azerbaijan Residence Permit - The Two Methods
There are 2 common yet reliable methods of getting a residence permit in Azerbaijan. Both these methods show that the applicant will prove to be an asset to the country either by bringing foreign investment (FDI) or by generating employment.
Here are the two ways to get an Azerbaijan residence permit.
1. Establishing a Business in Azerbaijan
The first way to apply for a residence permit is by starting/establishing a business in Azerbaijan and running it with an already-established company. Both these companies together can prepare the necessary documentation to apply for an Azerbaijan residence permit.
It is important to keep in mind that just setting up a company and submitting an application doesn’t guarantee approval. Thus, it is quite important to consult a professional regarding the legal aspects of the residence permit procedure in Azerbaijan as it improves the odds of getting a visa.
2. Bringing Investment into the Country
The second most common method that foreigners prefer for getting their TRP in Azerbaijan is by bringing in investment into the country. This investment can be in the form of a bank deposit or investment in property.
a. Through Investments in Assets
Azerbaijan grants a residence permit to those foreigners who invest a minimum of AZN 100,000 i.e. USD 60,000 in real estate in the country. You can also invest in the following assets to seek temporary residency in Azerbaijan.
- Securities: shares, bonds, interest, monetary funds, interest, etc.
- Immovable property: land, buildings, structures, etc.
- Intellectual rights: patents, licenses, rights of land (or other natural resources), intellectual values, etc.
It must be noted that all the above-listed instruments and properties have to be recognized under the law, or else they will lose their value.
b. Through Bank Deposits
If you’re preferring to get a TRP through bank deposits, you need to deposit a minimum of AZN 500,000 i.e. USD 295,000 in an Azerbaijan-based bank or into the country’s economy. The deposits must be made by the Migration Code.
Who to Consult to Get Your Azerbaijan Residence Permit
Since getting an Azerbaijan residence permit is quite complicated, it is important to consult an expert who understands every detail of the Azerbaijan residence visa process and helps you get your visa in the shortest time possible.
You can rely on the team at Azerbaijan Visa Org, who have been working to offer the best Azerbaijan visa services on the planet and have made it possible for over 500k applicants to get a visa with a 100% approval rate and maximum accuracy. You can contact us through our customer support email, telephone, or the built-in chat feature and we’ll be immensely grateful to help you get your residence visa.
Also Read: Azerbaijan Visa for Bangladeshi Nationals
The Final Words
A residence permit is a great tool to start a new life in a country like Azerbaijan. It’s the right time to submit your residence permit application by connecting with our experts and making this majestic country your new home!
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