Law No 551-VIQ, dated 22 June 2022, On Investing [Investment
Activity], came into effect on 28 July 2022. The Law, On
Protection of Foreign Investments, dated 15 January 1992, and
the Law, On Investment Activity, dated 13 January 1995,
cease to be effective with the enactment of the Law. The more
favourable regime available to investors under these two previous
laws remain in force for the period of coming ten years.
The new Law applies to investing carried out by local and
foreign investors in Azerbaijan, saved for the activities in the
Alat Free Economic Zone (governed by the Law, On Alat Free
Economic Zone) and those carried out by governmental agencies
(governed under the procedure to be established by the Cabinet of
Ministers within five months of the Law's coming into
effect).
