Opening a bank account in Azerbaijan

Julien Founder

Member since 11 March 2005

17 years of happy life abroad

JulienFounder28 September 2011 07:43:18

53110

Hi all,

is it difficult for expats to open a bank account in Azerbaijan ?

Which documents are required to open a bank account in Azerbaijan ?

How long does it take to open it ?

Is there any restriction for expats regarding the services (loans for instance)聽 ?

Which bank would you recommend ?

Thanks in advance for your participation,

Julien

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xalifah New member

Member since 27 September 2011

xalifahNew member28 September 2011 11:59:36

Hi Julien,
Azerbaijani legislation does not quite differentiate foreigners from locals. That is why openning a bank account should not be a problem , if you are working/living here for a long time. All residents of Azerbaijan may open accounts. The legal definition of "resident" is "a person who stays in Azerbaijan more than 182 calendar days". You may approach the following banks along with your ID/passport and an employement reference, where you can find English-speaking front-desk personnel:
Bank Respublika
Access Bank
Bank Standard
Demir Bank

You can search these banks on google for their website and addresses.
I highly discourage you going to International Bank of Azerbaijan as they are very un-friendly and extremely bureaucratic.

Call me (pm) for help if you need any or need one to speak the local language.
Good luck !
Ramin