On July 27, 2022, the new law on “Investment Activity” No. 551-VIQ dated June 22, 2022 (“the Law”) came into force in the Republic of Azerbaijan. With the entry into force of this Law, the previous law “On Investment Activity” dated January 13, 1995 No. 952 is abolished.

Consisting of 4 chapters and 20 articles, the new Law defines the legal and economic basis of investment activity in the Republic of Azerbaijan, and guarantees the protection of investors' rights and legal interests. The Law includes a number of provisions related to the invesment activity including the main principles of state regulation, the purpose and main directions of state policy in this field, investment promotion, priorities, forms and characteristics of investment activity, rights and duties of investors, as well as guarantees provided by the state for investment activity.

For more detailed information, please see the link below:

The New Law on “Investment Activity”