Investment framework and opportunities in Azerbaijan

Procedures Relative to Foreign Investment

Freedom of Establishment: In theory, there is a great amount of freedom for investments, but the bureaucracy and the corruption makes investing difficult outside the energy sector, which is dominated by foreign investments.
The Foreign Investment Laws stipulate the types of entity in which foreign companies can invest, the rules governing the repatriation of profit and earnings and the general right and gurantees provided to foreign investors. Foreigners can invest in business venture in Azerbaijan in a number of ways, such as:
-Establishing a fully owned subsidiary
-Acquiring shares of an existing company
-Establishing a joint venture with Azerbaijani Companies and individuals
-entering into other acceptable forms of investment agreement.

Foreign citizens, organizations, and enterprises may lease but not own land.

For more information, consult the report "Investment Climate 2018" on the US Department of State's website.
Acquisition of Holdings: A majority holding interest in the capital of a local company is legal in Azerbaijan.
Obligation to Declare: As a part of the ongoing business law reforms, a “One Window” principle was introduced from 1 January, 2008. The registration procedures involving several governmental bodies (Ministry of Justice, tax authorities, Social Insurance Fund and Statistics Committee) have been eliminated,
obligating businesses to register only with the Ministry of Taxes. The established period for state registration with the Ministry is officially set at three days for commercial organizations. Registration of non-commercial legal entities is conducted by the Ministry of Justice.
Azerbaijan Export and Investment Promotion Foundation (AZPROMO) gives information on the authorisations required for setting up a company.
Competent Organisation For the Declaration: Azerbaijan Export and Investment Promotion Foundation (AZPROMO)
ASAN (Azerbaijan Service and Assessment Network)
Requests For Specific Authorisations: Certain activities in Azerbaijan (for example, banking, audit, insurance, construction, etc.) require a license or special permit. Companies that intend to engage in activity subject to licensing should apply to the Ministry of Economy of the Republic of Azerbaijan through ASAN (Azerbaijan Service and Assessment Network) in order to get a license after their state registration.

For more information, consult the "Investment Climate" Statement on the US Department of State's website.
For more information, consult the website of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO).

Investment Opportunities

Investment Aid Agency: Azerbaijan Export and Investment Promotion Foundation (AZPROMO)
Tenders, Projects and Public Procurement: Tenders Info, Tenders in Azerbaijan
Asian Development Bank, Proposed Projects in Azerbaijan
Globaltenders, Tenders & Projects from Azerbaijan
DgMarket, Tenders Worldwide
Other Useful Resources: Azerbaijan Export and Investment Promotion Foundation (AZPROMO)

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