Recomendation letters

Dear Sir/Madam,

I am writing this letter to recommend the services of “Financial Chain Corporation” to you.

“BASF Caspian” LLC has been working with FCHAIN since July 2019. The company offers high quality services, specifically Outstaffing, HR and Payroll services. We can say that we have always been satisfied by their work.

During the period of cooperation, the specialists of the “Financial Chain Corporation” LLC confirmed their high professionalism, the desire to perform the tasks in the best possible way, as well as the operational efficiency and individual approach to solving emerging issues.

Cooperation with “Financial Chain Corporation” LLC is based on trust and consideration of mutual interests, which ensures high quality of services provided.

Thus, we consider it advisable to recommend “Financial Chain Corporation” LLC as a competent and reliable company for cooperation to whom it may concern.

Sincerely,

Tolga Baysinop

General Manager

From January 31, 2019 Borusan Makina ve Güc Sistemleri Senaye ve Ticaret”A.S. Azerbaijan Representative, which provides outstaffing services to our company.

During the period of cooperation, the specialists of the “Financial Chain Corporation” LLC confirmed their high professionalism, the desire to perform the tasks in the best possible way, as well as the operational efficiency and individual approach to solving emerging issues.

Cooperation with “Financial Chain Corporation” LLC is based on trust and consideration of mutual interests, which ensures high quality of services provided. We are fully satisfied with the cooperation with the company and recommend “Financial Chain Corporation” LLC as a reliable partner and professional provider of outstaffing services in Azerbaijan.

Sincerely,

Ismail Sahin

Country Manager

From December 3, 2018 “Azercell Telekom” LLC successfully cooperates with “Financial Chain Corporation” LLC, which provides outstaffing services to our company.

During the period of cooperation, the specialists of the “Financial Chain Corporation” LLC confirmed their high professionalism, the desire to perform the tasks in the best possible way, as well as the operational efficiency and individual approach to solving emerging issues.

Cooperation with “Financial Chain Corporation” LLC is based on trust and consideration of mutual interests, which ensures high quality of services provided. We are fully satisfied with the cooperation with the company and recommend “Financial Chain Corporation” LLC as a reliable partner and professional provider of outstaffing services in Azerbaijan.

Parvana Piriyeva

Centralized Procurement Acting Director

We know Financial Chain Corporation LLC as a company providing with accounting and HR services as well as a tax ruling in Azerbaijan since December 2018.

During the period of our cooperation specialists of Financial Chain Corporation LLC showed professional skills and adherence to fulfil their commitments.

The company is under progress to prove itself as a trustworthy and result orientated partner in the international business community.

Thus, we consider it advisable to recommend Financial Chain Corporation LLC as a competent and reliable company for cooperation to whom it may concern.

M.A. Anderzhanov
Director

Letter of Recommendation

To whom it may concern

It’s with great honor and pleasure to write this referral letter for Financial Chain Corporation company. The service provided for our company mainly relate to legal consultations on local and international Tax spheres and it has been done in a professional manner, according to international standards and rules and within agreed time frames. Thus, we are fully satisfied by consultants.

The FCHAIN business credibility and work ethic are commendable. So, I would highly recommend FCHAIN services to any customer who may need high level professional services.

Yours sincerely,

Managing Director

Rufat Hajialibayov

SAP AZ LLC

This is to confirm that “FINANCIAL CHAIN CORPORATION” LLC has been providing “Branch Office of Jumeirah Management Services (BAKU) LLC in Azerbaijan Republic” with tax advisory, accounting and HR services from December 2016 till present. Over that period, FCHAIN has demonstrated substantial service performance capacities and unique ability to identify and solve problems. FCHAIN has made effective contributions to streamlining the work of our company’s Accounting Department. FCHAIN ‘s experience in dealing with accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by FCHAIN.

I hereby present my approbations if  FCHAIN is considered by any company as potential partner and recommend the firm as a right choice.

Aqil Abbasi

Financial Controller – Corporate Accounting

Jumeirah Group

RECOMMENDATION LETTER

Date: May 10, 2017

To Whom it May Concern:

This is to confirm that “FINANCIAL CHAIN CORPORATION” LLC registered “DHL GLOBAL FORVARDİNG AZERBAIJAN” LLC on 24.06.2017. Since that period FCHAIN has been providing DHL with Tax Advisory services, Accounting services based on SAP with IFRS reporting integrated with 1C 8.3 soft, preparation and registration of migration documents for Work and Residence Permit purposes for expats, HR, Payroll and Outstaffing services.

Over that period, FCHAIN has demonstrated substantial service performance capacities and unique ability to identify and solve problems. FCHAIN’s experience in dealing these services has been a very valuable asset, which is definitely of no less value to any other company using services rendered by FCHAIN.

We have no hesitation in recommending FCHAIN in either a stand-alone or team environment.

AzIntelecom LLC of the Ministry of Communications an High Technologies has been successfully cooperating with Financial Chain Corporation under outstaffing services since July 4, 2016.

During the cooperation period specialists of Financial Chain Corporation have proved their high qualifications, diligence and capacity to adequately fulfill assigned tasks, quick responsiveness and personalized approach.

Cooperation with Financial Chain Corporation is based on trust and common interests and ensures provision of high quality services. We are fully satisfied with cooperation with Financial Chain Corporation and happy to recommend the company as the reliable partner and professional service provider.

Acting Director

Leyla Mammadova

RECOMMENDATION

To Whom it May Concern:

This is to confirm that Financial Chain Corporation (FChain) has been providing The Branch of S.M.A.P.E. SRL Societa M.P.L.A.P Ed E. in Azerbaijan Republic with tax advisory, accounting, preparation and registration of migration documents since 2012 till present. Over that period, FChain has demonstrated substantial service performance capacities and unique ability to identify and solve problems. FChain has made effective contributions to streamlining the work of our company’s Accounting Department. FChain’ s experience in dealing with accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by FChain.

I hereby present my approbations if FChain is considered by any company as potential partner and recommend the firm as a right choice.

S.M.A.P.E SRL

Azerbaijan Branch

It is my great pleasure to write this letter of recommendation for Financial Chain Corporation LLC. “F-CHAIN” has been providing “The Branch of Hewlett-Packard International B.V. in Azerbaijan Republic” branch office in Azerbaijan with Outstaffing Services from April 2012 till present. Over that period of time, F-CHAIN has demonstrated substantial service performance capacities and unique ability to identify and solve problems. F-CHAIN’s experience in dealing with accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by F-CHAIN.

I hereby present my approval if F-CHAIN is considered by any company as potential service contractor and recommend them as an excellent choice.

Sincerely Yours,

Guliyeva Inara

Chief Representative

This is to confirm that Caspian Accounting & Consulting Services (CACS) has been providing “Branch Office of ZTE Corporation in Azerbaijan” with tax advisory, accounting, preparation and registration of migration documents from November 2009 till present. Over that period of time, CACS has demonstrated substantial service performance capacities and unique ability to identify and solve problems. CACS has made effective contributions to streamlining the work of our company’s Accounting Department. CACS’s experience in dealing with accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by CACS.

I hereby present my approbations if CACS is considered by any company as potential partner and recommend the firm as a right choice.

Zhao Xiaochun,

Financial Director,

Branch Office of ZTE Corporation in Azerbaijan

To Whom it May Concern:

This is to confirm that Financial Chain Corporation (F-CHAIN) has been providing “Representative office of ABDI Ibrahim in Azerbaijan” with tax advisory, accounting and HR services, from February 2009  till present. Over that period of time, F-CHAIN has demonstrated substantial service performance capacities and unique ability to identify and solve problems. F-CHAIN has made effective contributions to streamlining the work of our company’s Accounting and HR Department. F-CHAIN’s experience in dealing with accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by F-CHAIN.

I hereby present my approbations if F-CHAIN is considered by any company as potential partner and recommend the firm as a right choice.

Dinara Alizada

General Manager

This is to certify that Estee Lauder Azerbaijan LLC has been employing Financial Chain Corporation LLC since April 2014. During this period F-CHAİN LLC has proved themselves as a reliable, resourceful and diligent partner with excellent organizational and time management skills in Accounting, as per both the Azerbaijani GAAP and Estee Lauder Internal accounting procedures, tax consulting, HR, Payroll sphere & preparation and registration documents for State Migration office for foreigners.

I hereby present my approval if F-CHAİN is considered by any company as potential service contractor and recommend them as an excellent choice.

For and behalf of

Estee Lauder Azerbaijan LLC

Ruslan Gasimov

Country Manager

This is to confirm that Caspian Accounting & Consulting Services (CACS) has been providing “Heerim Architects & Planners Co ” branch office in Azerbaijan with tax advisory, accounting services from September 2012 till present. Over that period of time, CACS has demonstrated substantial service performance capacities and unique ability to identify and solve problems. CACS has made effective contributions to streamlining the work of our company’s Accounting Department. CACS’s experience in dealing with accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by CACS.

I hereby present my approbations if CACS is considered by any company as potential partner and recommend the firm as a right choice.

Sincerely Yours,

Kim Do Seong

Regional Manager

TO WHOM IT MAY CONCERN

This is to certify that Microsoft Azerbaijan LLC has been employing Financial Chain Corporation LLC since December 2005. During this period F-CHAIN LLC has been rendering accounting services, as par both the Azerbaijani GAAP and Microsoft Corporate Internal accounting procedures.

HR outsourcing is another important and vital part of the professional services being provided by F-CHAIN LLC according to all requirements of Labor Code of the Azerbaijan Republic.

During this time F-CHAIN LLC has proved themselves as a reliable, resourceful and diligent partner with excellent organizational and time management skills. We have no hesitation in recommending F-CHAIN LLC in either a stand alone or team environment.

For and behalf of

Microsoft Azerbaijan LLC

Sarkhan Hashimov

Country Manager

To Whom it May Concern:

This is to confirm that Financial Chain Corporation LLC has been providing “Branch Office of DOPPELMAYR SEİLBAHNEN GMBH in Azerbaijan” with tax advisory, accounting, preparation and registration of migration documents, acting as the Customer’s representative, general management serives from May 2010 till present. Over that period of time, F-CHAIN has demonstrated substantial service performance capacities and unique ability to identify and solve problems. F-CHAIN’s experience in dealing with management, accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by F-CHAIN.

We have no hesitation in recommending F-CHAIN LLC in either a stand alone or team environment.

I have had the pleasure of working with Financial Chain Corporation and his team for 5 months now. The Company is very dedicated, conscientious, hard-working and they make decisions with the highest level of integrity. Financial Chain Corporation completes all tasks professionally and ahead of schedule. Since November 2013 year they are provided our company with the accounting and HR services. The service of Financial Chain Corporation is provided in a professional manner. The principels of Financial Chain Corporation provided an array of alternatives and proposals from which to choose throughout the development process which made the resulting product customized to our particular needs. I would recommend Financial Chain Corporation to any Company that is looking for accounting and HR services. If you are looking for a company you can trust has the highest level of integrity, then Financial Chain Corporation is the Company you’re looking for. We will continue to use their services

Sincerely,

Won Yoo Jon

Director of Daewoo International Corporation

Despite our long term partnership with F-CHAIN Company, they’ve submitted even more opportune proposals for our tender on integration of 1C accounting program and provided advisory and integration services for our company’s Salary and HR units, as well as the necessary software licenses. Thus, integrations of information from the order and newer versions of 1C Software was successfully, and F-CHAIN has provided our company with relevant consulting services in this area. At the same time, F-CHAIN has assisted our company in organizing efficient work process with regard to automation of reports submitted to the State Social Fund, as well as in preparation of certain reports by the HR. Right now F-CHAIN Company provides regular support and maintenance services.

Best Regards,

Vugar Guliyev

Chief Human Resources Officer

This letter is written to express our complete satisfaction with the services provided by Financial Chain Corporation LLC.

Our cooperation with Financial Chain Corporation LLC continues since January 2013. During this time the company has recommended itself as stable and reliable business partner.

Employees of the company professionally solve posed tasks. They know how properly and in time prepare and provide reports to the government agencies without any further problems. Owing to main principle of work of the company-formation of partner relationship with the clients, based on mutual cooperation and professionalism, it borrows, in our opinion, stable position in the filed of accounting and auditing.

Management of the company is able to combine care of the interests of their clients with an objective assessment of the reliability of reports.

With best regards,

Kerem Demir

Director

Despite our long term partnership with CACS Company, they’ve submitted even more opportune proposals for our tender on integration of 1C accounting program and provided advisory and integration services for our company’s Salary and HR units, as well as the necessary software licenses. Thus, integrations of information from the older and newer versions of 1C Software was successfully, and CACS has provided our company with relevant consulting services in this area. At the same time, CACS has assisted our company in organizing efficient work process with regard to automation of reports submitted to the State Social Fund, as well as in preparation of certain reports by the HR. Right now CACS Company provides regular support and maintenance services.

Best Regards,

Orkhan Omarov

Chief Accountant

Dear Sir/ Madam,

This is to certify that we work with Caspian Accounting & Consulting Services from May 2004. CACS actively took part in the process of Siemens LLC official registration and could speed the process.

After the registration process was over we concluded contract with Caspian Accounting & Consulting Services for rendering accounting and consulting services to us.

During one year of mutual cooperation the CACS has showed itself the positive side. Because of the high level and competence of the employees of CACS they rendered  us a good service.

I hereby recommend Caspian Accounting & Consulting Services as a one of the best providers of accounting and consulting services.

Best Regards,

Andrey Kuznetsov

General Manager

This is to certify that, Caspian Accounting & Consulting Services has been rendering accounting and registration services to NSN Baku LLC since 2006.

HR outsourcing is one of the significant parts of the professional services being rendered by CACS according to the requirements of the Labor Legislation of the Republic of Azerbaijan. Within this period CACS proved themselves to be competent, qualified and reliable partner. Considering all above-mentioned points, Caspian Accounting & Consulting Services is highly recommended to any organization/company in rendering all kinds of accounting, payroll and HR outsourcing services.

Cristian Lichtenberg

Deputy General Manager

This is to inform that Caspian Accounting & Consulting Services has been rendering accounting and related services to the representation of Fujitsu Technology Solutions GmbH for Middle Asia and Caucasus in the period 2007/2008 on the base of related contract and is rendering till now different services upon request.

The representation of Fujitsu Technology Solutions GmbH for Middle Asia and Caucasus is fully satisfield with the quality and price/performance relation of the before mentioned services which were provided according to all requirements of the Labour Code of the Azerbaijan Republic.

With best regards,

Gennadiy Gerasimov

Head of the Representation

Fujitsu Technology Solutions GmbH for Middle Asia and Caucasus

This is to certify that Ehrmann LLC has been working with Caspian Accounting & Consulting Services (CACS) since January,2009. CACS provides us accounting support and outsourcing services in accordance with Laws of Azerbaijan and the internal procedures of Ehrmann LLC. Also we’d like to add that CACS is our mediator in work with leasing companies.

During the time of our work CACS showed itself as a professional and reliable partner with good organizational and management skills.

We hereby recommend CACS as one of the best providers in the field of accounting and legal services.

Davydova Anna

HR and Administration Director of Ehrmann LLC

Being one of the largest professional services firms in the Azerbaijan market, Caspian Accounting & Consulting Services (CACS) in staffed with highly skilled, experienced and dedicated accountants, legal advisors and tax consultants. Over the past few years, CACS has been providing the said services to AIG Caspian, a member company of American International Group (AIG).

The firm proved trustworthy, reliable and resourceful as well as knowledgeable partner on all aspects of the Azerbaijan legislation.

Viladi Maniyev

General Manager

This is confirm the branch of GS Engineering & Construction in Azerbaijan have worked with Caspian Accounting & Consulting Services (CACS). CACS is providing accounting services and legal support to our company by contract #3 signed on 15th of November 2007.

During this time Caspian Accounting & Consulting Services has proved trustworthy, reliable and resourceful as well as professional partner on all aspects of the law of Republic of Azerbaijan.

So Jae Hyun

General Accounting Manager

This is to confirm that Caspian Accounting & Consulting Services (CACS) has been providing Strabag LLC with tax advisory, accounting and HR services, from May 2009 till present. Over that period of time, CACS has demonstrated substantial service performance capacities and unique ability to identify and solve problems. CACS has made effective contributions to streamlining the work of our company’s Accounting and HR Department. CACS’s experience in dealing with accounting and HR issues has been a very valuable asset, which is definitely of no less value to any other company using services rendered by CACS.

I hereby present my approbations if CACS is considered by any company as potential partner and recommend the firm as a right choice.

Sincerely,

Ashraf Makar

General Director

Alexander Androwitsch

Financial Director

To Whom It May Concern

The European Union Delegation to Azerbaijan has contracted the Financial Chain Corporation LLC (formal Caspian Accounting and Consulting Services LTD) since March 2011 till September 2014 to perform outsource accounting services related to submission of various reports to local authorities concerning the calculation of income tax and social contributions of the Delegation’s local staff as we as other statistical information as required by legislation of the Republic of Azerbaijan.

The core duties of the Financial Chain Corporation LLC under this contract were focused on calculation and processing of income tax amount and social contributions of local staff and provision of various reports to local authorities. This included quarterly and annual reports on various subjects.

During implementation of the contract the company has been always performing its tasks at the highest level and demonstrated excellent level of professionalism and competence. All reports have been timely submitted to local authorities by the Financial Chain Corporation LLC on behalf of the Delegation and we have never received a single remark regarding its consistency.

Besides its core duties the company has also assisted the Delegation in submission of reports for reimbursements of VAT for personal purchases made by Delegation’s diplomatic staff.

I would recommend the Financial Chain Corporation LLC for exaction of tasks within scope of their activities.

Yours sincerely,

Elchin Mammadov,

Administrative Assistant

I am writing this letter of reference for Caspian Accounting & Consulting Services (CACS). I have had the pleasure of knowing CACS since they were referred to me by a trusted friend in 2014. CACS provides us with Professional, Advisory and Consultancy Services since October 2014. In that time I have appreciated the level of integrity and honesty in which he has handled all of my business affairs. CACS has always made the time and shown enthusiasm to discuss any and all questions or concerns I have had throughout the years. I have always found CACS to be a team of hard working, self motivated, forthright, and capable individuals. I have gladly referred many of my business environment and will continue to recommend CACS to anyone I need of sound tax and accounting services.

Yours truly,

Hyung.Sang. You/ G.M.