We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!
HELF and AZHAB Forums Held in Baku During the 51st Annual Meetings of the Islamic Development Bank Group Startup Competition Launched Within the Framework of the IsDB Annual Meetings HELF/AZHAB Forum 2026 to Be Held Within the Framework of the IsDB Group Annual Meetings in Baku A meeting with entrepreneurs was held in the Khizi district For the attention of micro and small entrepreneurs wishing to present their products and services at the “Local Companies Promotion Exhibition!” ANNOUNCEMENT An online meeting of the Management Board of the CICA Business Council was held What is the support amount paid for conducting an internal market study and on what basis is this amount determined? The appeals of entrepreneurs from the Gazakh–Tovuz economic region were heard A service desk of the Ministry of Agriculture has started operation at the Khudat Service Center of the “Khachmaz SME House”
Issuance of investment promotion documents for strategic investment projects is being continued 01.04.26
Issuance of investment promotion documents for strategic investment projects is being continued

For the purpose of expanding investment activity in Azerbaijan, further improving the business environment and increasing local production, the period for issuance of the investment promotion document has been extended until 1 January 2029. In this regard, based on the Decree of the President of the Republic of Azerbaijan dated 6 February 2026, the investment promotion document will be issued for projects in the following strategic directions:

- Production projects based on the local raw material base (metal ore, aluminium, oil, gas, chemicals, construction materials, cotton and cocoons); 

- Energy production projects based on renewable energy sources; 

- Waste management and recycling projects; 

- Seawater desalination projects; 

- Projects on the establishment of private industrial quarters and production projects implemented by residents of industrial quarters; 

- Production projects of non-oil and gas industrial enterprises privatized through investment competitions held after 1 January 2023;  

- “First in Azerbaijan” projects implemented in the direction of establishing economic activity fields that are organized for the first time in the Republic of Azerbaijan and that promote the level of self-sufficiency with local products (import substitution) or the increase of the export potential of the non-oil and gas sector; 

- Production projects of medicinal products and pharmaceutical products (excluding packaging activity); 

- Projects on repair of railway rolling stock and production of its spare parts; 

- Production projects of military-purpose products. 

Implementation of projects in the above-mentioned directions will increase the use of local raw materials and will serve import substitution and the increase of the export potential of the non-oil and gas sector. These initiatives will provide additional impetus to the development of the public-private partnership model, attraction of new technologies to the country and application of innovative solutions in the industrial sector.

An investment promotion document is a document that provides grounds for obtaining the benefits determined by the Tax Code of the Republic of Azerbaijan and the Law of the Republic of Azerbaijan “On Customs Tariff” for a period of 7 years from the date of obtaining that document. Projects for which an investment promotion document has been issued are exempt from land and property tax, as well as from customs duty and value-added tax (VAT) on the import of machinery, technological equipment and installations. At the same time, a 50% benefit is applied to profit tax or income tax for these projects.

It should be noted that the investment promotion mechanism has been applied in our country since 2016. Up to today, 632 investment promotion documents have been presented to 527 entrepreneurship entities. More than 550 projects for which investment promotion documents have been issued have started activity, and work on the establishment of the other projects is being continued. Up to today, 6,497 confirmation documents have been issued for the import of machinery, technological equipment and installations with a value of 1.4 billion US dollars, and entrepreneurs have obtained benefits in the amount of 337.9 million US dollars from taxes and duties applied to imports.

Entrepreneurs may apply to the Ministry of Economy or to SME Houses (Baku, Ganja, Khachmaz and Yevlakh cities) in order to obtain an investment promotion document.

Detailed information on the directions of strategic investment projects for which issuance of an investment promotion document is envisaged and on the documents required for obtaining the promotion document may be obtained by applying to the 131 Call Center of the Small and Medium Business Development Agency (KOBİA) under the Ministry of Economy.

Powered by Froala Editor