USEFUL LEGISLATION

For a period of seven years the entrepreneur who received an investment promotion is

• Exempt from VAT and customs duties on the import of machinery, technological equipment and facilities;
• Exempt from property tax;
• Exempt from land tax for the lands owned or used;
• In case of an individual entrepreneur, 50% of the income is tax-free from the date of receipt of the Investment Promotion Certificate;
• In case of a legal entity, 50% of the profit is tax-free.

Procedure for issuing an investment promotion document On protection of foreign investment About investment activity

 MAIN DIRECTIONS OF POLICY IN THE FIELD OF PUBLIC INVESTMENT

Attracting investments plays a special role in ensuring the sustainable and balanced development of Azerbaijan for a long period. One of the main tasks ahead is to improve the investment climate in the country in order to ensure the required volume and quality of investments. For this purpose, measures aimed at the following directions will be continued:

• protection of personal property and improvement of corporate governance;
• creating a more favorable competitive environment for all investors, regardless of the form of ownership;
• increasing the role of the state in order to ensure a stable legal and regulatory regime;
• further improvement of the legal and regulatory framework of investment activities;
• improving the information system for investors about enterprises for the purpose of selection and analysis of investment objects;
• increasing support for the development of modern institutional infrastructure that ensures the effective transformation of deposits into investments;
• improving the information provision of business, bringing accounting and statistics in line with international standards.

THE MAIN DIRECTIONS OF PUBLIC INVESTMENT POLICY IN THE COUNTRY ARE THE FOLLOWING PRIORITIES:

• adaptation of investment projects to the goals and priorities of socio-economic development defined by medium and long-term state programs and Strategic Road Maps;
• the orientation of investment to the development of non-oil sector and regions;
• prioritization of regional investment policy in accordance with modern development trends;
• strengthening the social direction of investment activity in the country, ensuring the priority of investments in human capital and infrastructure;
• ensuring the economic security of the country;
• giving priority to production areas based on nanotechnologies and aimed at reducing the amount of carbon compounds emissions into the atmosphere when prioritizing public investment;
• the orientation of state investment to science-intensive projects;
• increasing defense capability of the state.

Taxes for a period of ten years a resident of Industrial Parks (excluding agriculture because of the total tax exemption till 2027)

• 0% VAT on imported machinery, technological equipment, and installations
• 0% corporate tax
• 0% property
• 0% land tax

also for 7 years:

• 0% customs duty on imported machinery, technological equipment and installations