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LAW OF THE AZERBAIJAN REPUBLIC

of April 14, 2009 No. 791-IIIG

About special economic zones

(as amended on 09-07-2021)

This Law governs the legal and economic relations in connection with creation and management of special economic zones in the Azerbaijan Republic, establishes rules of the organization of business activity in these zones.

Article 1. Basic concepts

1.0. The concepts used in this Law express the following values:

1.0.1. the special economic zone - limited part of the territory of the Azerbaijan Republic to which to implementation of business activity the particular legal regime is applied;

1.0.2. particular legal regime - the mode which is applied in the territory of the special economic zone to its residents to implementation of business activity on favorable terms;

1.0.3. customs area - the territory consisting of the overland territory, internal waters of the Azerbaijan Republic, the sector of the Caspian Sea (lake) belonging to the Azerbaijan Republic (including the islands located in it, artificial islands, installations and constructions) and airspace over them;

1.0.4. residents of special economic zones - the legal entities and physical persons registered according to the legislation of the Azerbaijan Republic, which received in the procedure established by this Law the registration certificate of the special economic zone for occupation business activity in the territory of the special economic zone;

1.0.5. authority in the field of creation and functioning of the special economic zone (further - authority) the relevant organ of the executive authority pursuing state policy in connection with creation and functioning of the special economic zone in the Azerbaijan Republic;

1.0.6. administration of the special economic zone - the local structure of authority created in the territory of the special economic zone during the term of its functioning;

1.0.7. the operator of the special economic zone (further - the operator) the company which within the management agreement bears responsibility for management and development of the special economic zone has wide experience in this area;

1.0.8. the management agreement - the agreement signed between authority and the operator for management and development of the special economic zone.

Article 2. Purpose of creation of the special economic zone

The purpose of creation of the special economic zone is acceleration of development of entrepreneurship and all economy in the Azerbaijan Republic by the organization of the new competitive production and servicing industries on the basis of application of particular legal regime and modern technologies.

Article 3. Legislation of the Azerbaijan Republic on special economic zones

3.1. The legislation of the Azerbaijan Republic on special economic zones consists of the Constitution of the Azerbaijan Republic, this Law, other regulatory legal acts and international treaties in which the Azerbaijan Republic acts as the party.

3.2. If international treaties in which the Azerbaijan Republic acts as the party establish the rules other than this Law then regulations of international treaties are applied.

3.3. Provisions of this Law do not extend to the Alyatsky free economic zone, the legal and economic relations in connection with creation of this zone and management of it, rules of the organization of business activity in this zone are regulated according to requirements of the Law of the Azerbaijan Republic "About the Alyatsky free economic zone".

Article 4. Business activity in the special economic zone

4.1. In the special economic zone the business activity which is not prohibited by the legislation of the Azerbaijan Republic in connection with production of high-competitive products and rendering high-competitive services is performed.

4.2. In the special economic zone the following types of business activity are prohibited:

4.2.1. production, storage and sale of objects which civil circulation is prohibited or limited according to the legislation, extraction of minerals from earth subsoil, and also production and conversion of precious metals, oils, oil products and natural gas;

4.2.2. telebroadcasting activities;

4.2.3. production of alcoholic drinks and tobacco products.

Article 5. Creation of the special economic zone

5.1. The decision on creation of the special economic zone is made by relevant organ of the executive authority. In the decision the creation purpose, purpose, term of functioning and financing sources of the special economic zone are established.

5.2. The following documents are attached to the offer of authority on creation of the special economic zone:

5.2.1. economic case of creation of the special economic zone;

5.2.2. the analysis of economic, social and ecological environment of the corresponding territory of the special economic zone, the data about material and manpower, communications and opportunities of providing with other infrastructures;

5.2.3. the project of the Provision of the special economic zone which is offered to be created;

5.2.4. types of business activity which will be performed in the special economic zone, and their feature;

5.2.5. the exact description of territorial borders and the plan of the territory of the special economic zone, the information about structure of the lands located in the special economic zone which is offered to be created the list of owners of the parcels of land and land users;

5.2.6. the actions plan in connection with creation of the special economic zone.

5.3. The authority prepares the project of the Provision of each special economic zone which is subject to creation and submits for approval to relevant organ of the executive authority. In the Provision tasks of the special economic zone, types of business activity which will be performed of relation with the relevant state bodies and municipalities and other conditions are established.

Article 6. Determination of the territory of the special economic zone

The territory of the special economic zone is determined with assessment of infrastructure, necessary for its functioning (providing with roads, the electric power, gas, water, etc.), availability of labor power and other factors, perspective of development of the territory.

Article 7. Financing of the special economic zone

Financing of the special economic zone is carried out for the income account, the received from functioning of the special economic zone, and also other sources which are not prohibited by the legislation.

Article 8. Liquidation of the special economic zone

8.1. The special economic zone is liquidated after the term established by the decision on its creation. Fixed term of activities of the special economic zone can be extended by the decision of relevant organ of the executive authority.

8.2. The special economic zone can be liquidated by the decision of relevant organ of the executive authority before the expiration established in the decision on its creation, in the following cases:

8.2.1. under the circumstances following from need in connection with interests, safety, defense capability of the state;

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