Within 7 years from the date of receipt of the investment promotion document, 50% of the income of an individual entrepreneur and the profit of a legal entity are exempt from taxation.

Insurance – Under the Law on Insurance Activity, insurance companies are established as life insurance or non-life (general) insurance companies.

Currently, five industrial parks – Sumgait, Balakhani, Mingachevir, Garadagh, and Pirallahi, and four industrial sites – Neftchala, Masalli, Hajigabul, and Sabirabad operate in Azerbaijan.

According to the Civil Code of the Republic of Azerbaijan, there are several forms of doing business in Azerbaijan, by establishing a legal entity or not establishing a legal entity (sole entrepreneurship). In fact, the laws stipulate the following types of commercial legal entities:

The establishment and successful development of Alat Free Economic Zone is an important part of the general policy of the our government, to develop a knowledge-based and internationally competitive economy in Azerbaijan, which will allow our country:

The European Union shifted the gear in search of new alternatives to fossil fuels supplies, particularly natural gas, amidst the deepening energy crisis caused by severed relations with Russia. Russia’s state-run energy operator Gazprom has reduced its exports to Europe causing a deficit in storage and a surge in prices.

In addition to the information mentioned , we mention that the documents of your future company must be translated into the Azerbaijani language.

Customs – Import and export tariffs are predominantly calculated based on commodity nomenclature of foreign economic activity and methods of evaluating price of goods.

Banking Regulations – Basically, loans are issued by banks and other micro-finance organizations named as “non-bank credit organizations”.