Azerbaijan is a country located in Asia with 9,862 million inhabitants, half of whom live in an urban area. The largest cities of Azerbaijan such as Baku (1,116,513 citizens), Ganja (313,300), Sumqayit (265,150) and Lankaran (240,300) create the best opportunities for franchise businesses in the country.
The number of franchise companies in Azerbaijan springs up like mushrooms after rain due to attractive investment climate; several significant reforms aimed to facilitate business processes; favorable location: the country serves as a bridge between Europe and Asia; skilled labor force and rapidly developing infrastructure. Azerbaijan is also considered to be the country with a fast developing economy. The main industries are energy, mining and agricultural. However, telecommunication, banking, and manufacturing also contribute well to the economy of the country. 2, 690 million tourists visit the country each year which affects the demand for tourist-related services.
With the support of the Azerbaijan Franchise Association (AFA) which was established in 2007, franchise businesses are flourishing in the country. Among the most successful are the companies operating mostly in food, weight loss, clothing, retail, and hotel industries. There are plenty of international franchises in the country, mostly from the USA, Turkey and European countries.
There are high investment business opportunities, as well as cheap franchises in Azerbaijan presented for review, the choice is yours.
Currency: Azerbaijani manat (AZN, ₼)
Education Index (2015): 0,723
Official languages: Azerbaijani
Per capita GDP (PPP): $17,954
Quality-of-life index (0-10): 5,6
Population: 10 mln
Total GDP (PPP): $178,470 billion
Ease of Doing Business Ranking, Rank: 25
Human Development Index (HDI): 0,757