“You have got enough loans from banks at low interest rates or you don’t want to do it. You need long-term non – refundable funds, but in stages”.
Fins.az reports that Intigam Safaraliyev, the director of “AzFinance” Investment Company explained to the company heads the solution of financial problems of such types of companies and what they need to do to get more income.
He said, “Imagine you are the owner of a company worth a few million. The company is doing its job well. The yield is 10-15%. However, you know that if you have more money, you can increase efficiency and increase profitability by 15-20%. You have got enough loans from banks at low interest rates or you do not want to do it. You need long-term non – refundable funds, but in stages. So you have a plan for several years. You want to increase your market share and increase exports. Or if you don’t do that, you won’t be able to stay in the market. You know that you can achieve maximum efficiency after reaching a certain capacity, and in many cases you can get a serious income after a certain turnover. ”
The head of AzFinance, the director of the investment company, explaining to the company’s management what they need to do to get long-term non-refundable funds, stated that if you are the owner of this company, approach to the investment company and let the process started. The financers of the investment company will analyze the situation, find obstacles and offer solutions. You will convert the value of the company into authorized capital. First of all, we need to make sure that your investment in the company is documented. Then, the company will be transformed into an open joint stock company, it will be audited and the process started.
He also informed about the benefits of any company becoming an Open Joint Stock Company and how it can earn more income. Becoming OJSC, you will be exempted from 10% withholding tax while paying dividend, that’s, it will be costless to withdraw you income from company. And you will need an audit in any case. You need to know the situation in the company. “Documentation of the value of the company will help you attract investors at any time and you can also borrow from the investment company at 5-6% per annum by pledging your shares,” he said