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PRESIDENTIAL DECREE OF THE AZERBAIJAN REPUBLIC

of January 18, 2016 No. 745

About additional measures in connection with encouragement of investments

(In edition of the Presidential decree of the Azerbaijan Republic of 05.09.2016 No. 1025, 31.01.2017 No. 1218)

Being guided by Item 32 of article 109 of the Constitution of the Azerbaijan Republic, for the purpose of expansion of investing activities, improvement of business area, increase in industrial production and preparation of the mechanism and the regulatory legal act in connection with encouragement of investments according to Item 5.2. The actions plan on implementation of "The state program on development of the industry in the Azerbaijan Republic for 2015-2020", the President of the Azerbaijan Republic approved by the Order of December 26, 2014 964, I decide No.:

1. Approve "Procedure for issue of the document of encouragement of investment" it (is applied).

2. Charge to the Ministry of Economics of the Azerbaijan Republic to determine in a month document forms of encouragement of investment and the statement for receipt of this document.

3. Charge to the Cabinet of Ministers of the Azerbaijan Republic:

3.1. prepare in the three-months time of the offer on approval of acts of the President of the Azerbaijan Republic of this Decree and provide to the President of the Azerbaijan Republic;

3.2. G. No. 1025 is cancelled according to the Presidential decree of the Azerbaijan Republic of 5.09.2016

3.3. provide approval of regulatory legal acts of the Cabinet of Ministers of the Azerbaijan Republic of this Decree in three-months time and report on it on the President of the Azerbaijan Republic;

3.4. control approval of regulatory legal acts of the central executive bodies of this Decree, and in five-months time to report on it on the President of the Azerbaijan Republic;

3.5. resolve other issues following from this Decree.

4. To the ministry of taxes of the Azerbaijan Republic and the State Customs Committee of the Azerbaijan Republic to carry out adequate measures on application of the privileges established by the law concerning persons who received the document of encouragement of investment.

5. To provide to the Ministry of Justice of the Azerbaijan Republic approval of regulatory legal acts of the central executive bodies and acts of normative nature of this Decree and to inform about this Cabinet of Ministers of the Azerbaijan Republic.

President of the Azerbaijan Republic

Ilham Aliyev

 

Approved by the Presidential decree of the Azerbaijan Republic of January 18, 2016, No. 745

Procedure for issue of the document of encouragement of investment

1. This Procedure establishes procedure for issue by the Ministry of Economics of the Azerbaijan Republic (further - the Ministry) the document of encouragement of investment to legal entities and business owners (further - the entrepreneur).

2. The document of encouragement of investment is issued to the entrepreneur who provided the investment project which is completely answering to the criteria specified in Item 3 presents of the Procedure. The document of encouragement of investment is the document giving the grounds for acquisition of the privileges established by the Tax code of the Azerbaijan Republic and the Law of the Azerbaijan Republic "About customs tariff".

3. Criteria for issue of the document of encouragement of investment:

3.1. the field of economic activity where investment is performed;

3.2. minimum amounts in connection with amount of the investment project;

3.3. administrative and territorial units where investment projects will be performed.

4. The entrepreneur wishing to perform activities according to the criteria specified in Item 3 presents of the Procedure files in the Ministry petition.

5. Together with the statement stated below documents are filed:

5.1. the investment project (business plan) which is completely answering to the criteria specified in Item 3 presents of the Procedure;

5.2. the document, confirmatory that 10 percent from the amount specified in Item 3.2 of this Procedure are enclosed as investments according to the corresponding investment project;

5.3. the copy of the certificate on accounting of the applicant as the taxpayer.

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