Issuance of Investment Promotion Certificates for Strategic Investment Projects Continues

September 07, 2026 17:46

To date, 633 investment promotion certificates have been issued to 528 business entities.

The issuance of investment promotion certificates for strategic investment projects continues in Azerbaijan with the aim of expanding investment activity, increasing local production, and further improving the business environment.

Until January 1, 2029, investment promotion certificates are issued for projects in the following strategic areas:

Manufacturing projects based on locally available raw materials (metal ores, aluminium, oil, gas, chemicals, construction materials, cotton, and silk cocoons);
Projects for the production of equipment used in generating energy from renewable energy sources;
Renewable energy generation projects;
Waste management and recycling projects;
Seawater desalination projects;
Projects involving the establishment of private industrial parks, as well as manufacturing projects implemented by residents of industrial parks;
Manufacturing projects of non-oil and gas industrial enterprises privatized through investment tenders held after January 1, 2023;
Projects aimed at organizing the local production of goods not currently manufactured in the Republic of Azerbaijan;
Projects for the production of medicines and pharmaceutical products (excluding packaging activities);
Projects for the repair of railway rolling stock and the production of its spare parts;
Projects for the production of military-purpose products;
Agricultural production and processing projects implemented in agro-parks;
Projects for the production of fertilizers, pesticides, seeds, and animal feed products used in agriculture;
Agricultural product sorting and packaging projects;
Projects for the establishment of fourth-generation greenhouse complexes equipped with automated climate control systems (with a minimum area of 3 hectares);
Projects for the production of agricultural machinery, as well as elevators, grain silos, cold storage facilities, sorting, storage, and packaging equipment;
Projects for the production of industrial products in the field of information and communication technologies.

Projects that receive an investment promotion certificate are exempt, for a period of seven years from the date of issuance of the certificate, from land and property taxes, as well as customs duties and VAT on the import of machinery, technological equipment, and installations. A 50 percent tax concession is also applied to profit or income tax.

Entrepreneurs may apply to the Ministry of Economy or to SME Houses operating in Baku, Ganja, Khachmaz, Yevlakh, and Shusha to obtain an investment promotion certificate. For further information, entrepreneurs may contact the 131 Call Center of the Small and Medium Business Development Agency (KOBIA).

It should be noted that the investment promotion mechanism has been in place since 2016. To date, 633 investment promotion certificates have been issued to 528 business entities. A total of 552 projects that received investment promotion certificates have commenced operations. So far, 6,604 supporting documents have been issued for the import of machinery, technological equipment, and installations worth USD 1.5 billion, enabling entrepreneurs to benefit from tax and customs duty exemptions totaling USD 350.5 million on imports.