Let’s clarify two concepts that are often confused in society:
Individual – According to the legislation of the Republic of Azerbaijan, an individual is a legal subject recognized by law, who can carry out certain legal and financial operations based on an identity document. However, having the status of an individual does not grant the right to engage in official commercial activity.
Sole Proprietor (SP) – A sole proprietor is an individual who has officially registered with the Ministry of Taxes and started entrepreneurial activity. Sole proprietors have taxpayer status and are authorized to enter into contracts, issue invoices, and engage in legal relations through official documentation.
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