Azerbaijan: Designation of strategic investment projects qualifying for tax benefits
Strategic investment projects that may qualify for investment promotion and thus exemption from a number of taxes and customs duties
Strategic investment projects that may qualify for investment promotion
The president on 1 February 2024 signed a decree designating the following as strategic investment projects that may qualify for investment promotion and thus exemption from a number of taxes and customs duties:
- Production projects based on local raw materials (i.e., metal ore, oil, gas, chemical, construction materials, and cotton fields)
- Energy production projects based on renewable energy sources
- Waste management and recycling projects
- Seawater desalination projects
- Projects related to establishment of private industrial districts
- Production projects of non-oil industry enterprises privatized through investment competitions after 1 January 2023
- "First in Azerbaijan" projects that promote the level of self-sufficiency with local products (import substitution) or increase of the export potential of the non-oil sector
- Aircraft operation and maintenance projects
- Projects for the repair of railway rolling stock and the production of its spare parts
- Production projects of military products
- Aluminum products production projects
- Public-private partnership projects (including electricity generation projects implemented by the private sector with the government's purchase obligation)
- Accommodation project within the framework of COP29 international event
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