Recent legislative development in Azerbaijan regarding registration of legal entities (companies) made the entrepreneurial environment attractive to initiate the business. According to the World Bank Doing Best law firms in baku Business Report 2018, Azerbaijan has ranked among the top 20 countries in the world for under starting business category. This positive trend has been kept and even advanced in Doing Business Reports of 2019 and 2020. Currently, available business opportunities in Azerbaijan tied with flexible and modern regulations make it attractive to foreign businesses and investors.