The Law of the Republic of Azerbaijan “On Special Economic Zones” (2009) regulates the establishment and management of Special Economic Zones in Azerbaijan. Accordingly, this law defines the legal and economic framework for business activities within these zones.
A Special Economic Zone refers to a designated area in Azerbaijan. In this area, a special legal and tax regime applies. As a result, this regime supports investment and simplifies business operations.
The Alat Free Economic Zone (AFEZ) operates under the Law “On Alat Free Economic Zone” (2018). In addition, this law provides a modern legal framework for business setup, management, and development within the zone.
Requirements for Starting a Business in Alat Free Zone
To establish a business in the Alat Free Economic Zone, investors need to follow these steps:
- Register a legal entity under AFEZ regulations
- Submit a business plan for approval
- Follow zone-specific legal and regulatory requirements
- Operate only within approved business activities
- Meet financial and operational standards defined by the authority
Both foreign and local investors can establish businesses in the zone, subject to approval.
Conclusion
If you plan to start a business in Azerbaijan, the Alat Free Economic Zone offers a highly favorable investment environment. Therefore, for legal support and business setup services in AFEZ, you can contact DLB Consulting for professional assistance.