BAKU, Azerbaijan, February 6. The term for
issuing an investment promotion document for strategic investment
projects in Azerbaijan has been determined, Trend reports.
President of the Republic of Azerbaijan Ilham Aliyev signed the
relevant decree.
According to the decree, the minimum investment amount for
issuing an investment promotion document has been increased.
According to the new rule, an investment promotion document is
issued to projects with an investment of at least three million
manat ($1.7 million). For residents operating in industrial zones,
this limit has been set at one million manat ($590,000).
The decree also regulates a new deadline for strategic
investment projects. Companies and individual entrepreneurs
submitting a strategic project will be able to receive an
investment promotion document for a period of six years from
January 1, 2023.
The Ministry of Economy of Azerbaijan must resolve the issues
arising from this decree.
