It is a document that allows legal entities and individual entrepreneurs to obtain the benefits specified in the Tax Code of the Republic of Azerbaijan and the Law "On Customs Tariff".
Legal entities and individuals who carry out entrepreneurial activities without creating a legal entity can receive an investment promotion document.
An investment promotion document is issued to the areas of economic activity, territories and zones approved by the relevant Decree of the President of the Republic of Azerbaijan, as well as to projects implemented in accordance with minimum amounts.
This mechanism covers the fields of industry and tourism.
an investment project (business plan) that meets the relevant criteria;
a document confirming that 10 percent of the amount provided for according to the specified criteria is invested as an investment for the relevant investment project;
the taxpayer of the entrepreneur a copy of the registration certificate.
The investment promotion document is issued in 5 working days.
Legal entities and individual entrepreneurs who have obtained an investment promotion document:
respectively pay profit and income tax with a 50% discount for a period of 7 years; they are exempted from land tax for 7 years;
import of machinery, technological equipment and facilities are exempted from VAT and customs duties for 7 years based on the relevant confirmation document.
