Azerbaijan Invites Iraqi Companies To Join Projects In Liberated Territories
Date
9/17/2024 8:10:26 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 17. Azerbaijan has
invited Iraqi companies to take part in projects in the liberated
territories, Minister of Economy of Azerbaijan Mikayil Jabbarov
said at the Azerbaijan-Iraqi business forum in Baku today, Trend reports.
"We are actively facilitating the attraction of private
investments for the development of liberated territories, where a
favorable investment climate has been created," noted the
minister.
He mentioned that, to increase the attractiveness of capital
investments in projects on these liberated territories, Azerbaijan
introduced tax exemptions on income, property, land, and simplified
taxes for 10 years starting from January 1, 2023.
"Machinery, technological equipment, and devices, as well as raw
materials, are exempt from VAT and import customs duties for 10
years starting from 2023. Additionally, dividend income for
shareholders of legal entities is tax-exempt," Jabbarov added.
He expressed confidence that the business forum in Baku will
strengthen trade and economic cooperation between businesspeople
from both countries.
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