In Azerbaijan the development, management, activities, and abolishment of banks are regulated with the bank legislation. Civil code of the Republic of Azerbaijan, law of the Republic of Azerbaijan, decree of the Republic of Azerbaijan, resolution of the Ministry Cabinet of the Republic of Azerbaijan and acts of normative character of National Bank are included to the system of Bank legislation. In accordance with the legislation Bank is created in the form of open joint company by at least three legal entities and or individual. Political parties, public unities, funds and other commercial organizations can’t be shareholder of the bank. Bank will only be able to allow the named shares. Privileged shareholders of the Bank cannot have the right of voice. Limit of participation of the foreign banking capital in the bank system in the Republic of Azerbaijan are determined by National Bank. Foreigners and foreign legal entities registered in the offshore zones that lists are determined by National Bank, including the foreign banks and foreign bank holding companies can not be the participants or shareholders of the local banks, create the local reproductive banks, local branches and representatives. Deposit operating is carried out by bank. Banks and non-bank credit organizations implement the bank activity by special agreement (license) issued by banks, but their branches, representatives and department by an agreement. Authorized person or bank participants could address in writing to the national bank for license and permission. License is issued by Bank for 5 (five) year. The amount of the state customs for issue of the license is 22,000 AZN and 1000 AZN for non bank credit organization. Apply to the law firm “HES” if you want to get detailed information on bank activity and you need the legal help for creations of the bank.