INFORMATION AND COMMUNICATION TECHNOLOGIES
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Advantages for investors
POLITICAL AND ECONOMIC STABILITY
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72.4 BLN USD GDP, 7126 USD GDP per capita and non-oil GDP 63%
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Total GDP real growth rate – 1.1%
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GDP per capita increased by 0.5%
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Not-oil real growth rate – 3.7%
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GDP – competition on sectors: industry (40.5%), services (18.6%), agriculture (5.5%), construction (6.2%), transport and warehousing (6.2%), tourism (2.2%) and others (20.8%);
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Foreign trade turnover - 51.2 BLN USD (33.9 BLN USD export and 17.3 BLN USD import);
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Top 5 non-oil export products: fruits and vegetables (21.68%), plastics (13.76%), electric energy (12.2%), chemical products (7.41%) and aluminum (5.83%);
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Top 5 import market: equipment and machines (20.4%), vehicles and their parts (16.56%), food products (12.5%), ferrous metals and their products (6.37%) and pharmaceutical products (3.4%)
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State Oil Fund – 56.1 BLN USD;
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Azerbaijan has one of the highest credit ratings in the region (Standard & Poor – BB+, Moody’s - Ba1, Fitch – BB+);
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Total FDI - 114.4 BLN USD during 1995-2023, Non-oil FDI - 19.4 BLN USD
WELL-DEVELOPED INFRASTRUCTURE
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Almost 20 thousand km of roads and highways constructed and rehabilitated;
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8 international airports,
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Baku-Tbilisi-Kars railroad;
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Baku International Sea Trade Port;
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AFEZ is a multi-model site in a prime strategic location offering a wide range of incentives and benefits.
REDUCED RED TAPE
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No state inspections of businesses;
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Streamlined licensing system;
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E-gov services for business;
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Streamlined public services;
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One-stop-shop systems;
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Low tax burden.
ATTRACTIVE INVESTMENT CLIMATE
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Limited price control;
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Temporary residence allowed upon investments;
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No local counterpart requirement;
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No foreign exchange restrictions;
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No discrimination between foreign and domestic investors;
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No limits on the amount of foreign capital in companies;
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No restrictions on repatriation of profit;
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No prior authorization of foreign investment required;
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No prior authorization of foreign investment required;
INVESTMENT INCENTIVES
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7 years holders of investment promotion document (50% decrease from corporate and income taxes, 0% land and property taxes, 0% VAT on hardware, technological equipment and structures imported by IPD holders and 0% customs duties on hardware, technological equipment and structures imported by IPD holders);
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10 years residents of industrial and technology parks (0% corporate and income taxes, 0% land and property taxes, 0% VAT on hardware, technological equipment and structures imported by residents and 0% customs duties on hardware, technological equipment and structures imported by residents);
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10 years residents of industrial parks located in the liberated territories (0% corporate and income taxes, 0% land and property taxes, 0% VAT for imported machinery, technological equipment and facilities and 0% customs duties on imported machinery, technological equipment and devices)
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10 years legal entities in the liberated territories (exemption from corporate, income, property, land and the simplified taxes, VAT and customs duties exemption: for the import of machinery, technological equipment, and devices, as well as for raw materials and supplies, exemption for dividend incomes of stakeholders and stockholders, 20% discount on utility services, subsidization of the mandatory state social insurance fee and provision of loans with state guarantee and subsidization of loan interest)