Frequently Asked Questions
How to contact the industrial park?

You can submit an application by e-mail or in writing from the contacts section to the specified address.

What tax and customs benefits do residents of industrial parks enjoy?

Residents of industrial parks are exempted from income tax, land tax, property tax, and VAT from the import of machinery, plants and technological equipment imported for industrial purposes for a period of 10 years and customs duties for a period of 10 years.

Are there prefabricated facilities for rent in industrial parks?

According to the legislation, only land plots are leased for a long term in industrial parks.

Are there any tax exemptions for imported raw materials in industrial parks?

There are no exemptions for imported raw materials in industrial parks.

From what date are tax and customs incentives calculated?

Tax and customs incentives are calculated from the date of registration of legal entities/individual entities as residents in industrial parks.

How to contact residents of industrial parks?

You can get information about residents, including contact information at this link.

Does Economic Zones Development Agency carry out production activities?

Economic Zones Development Agency is the managing organization of Sumgayit Kimya, Garadag, Pirallahi, Mingachevir, Aghdam and "Araz Valley Economic Zone" industrial parks, Hajigabul, Masalli, Neftchala and Sabirabad industrial districts, as well as 51 agricultural parks. The agency does not carry out production activities.

What are the priority areas of production and processing in industrial parks?

Priority areas of activity of the Sumgait Chemical Industrial Park

 

Priority areas of activity of the Pirallahin Industrial Park

 

Priority areas of activity of the Mingachevir Industrial Park

 

Priority areas of activity of the Garadagh Industrial Park

 

Priority areas of activity of the Aghdam Industrial Park

 

Priority areas of activity of the “Araz Valley Economic Zone” Industrial Park

What are the profiles of industrial parks?

The main directions of the Sumgait Chemical Industrial Park are chemistry, petrochemistry, mechanical engineering, construction materials, metallurgy, electrical engineering.

 

The main direction in the Mingachevir Industrial Park is the textile industry.

 

The main direction in the Garadagh Industrial Park is shipbuilding.

 

The main focus in the Pirallahin Industrial Park is the pharmaceutical industry.

Are there special tariffs for electricity in industrial parks?

There are the same tariffs for electricity apply as throughout the country in industrial parks. You can read more in the link.

Is there a minimum investment limit for industrial parks?

There are no restrictions on the minimum investment in industrial parks.

What payments do residents of industrial parks make?

Land rent (annual):

 

The annual rent in the Sumgait Chemical Industrial Park is 1600 manat per first hectare and 3200 manat per second hectare and above. (For example: annual rent for 3 hectares will be 8000 manat, for 0.5 hectare - 800 manat.)

 

The annual rent in the Pirallahi Industrial Park is 2000 manat for the first hectare and 4000 manat for the second hectare and above. (For example: annual rent for 3 hectares will be 10000 manat, for 0.5 hectare 1000 manat.)

 

The annual rent in the Mingachevir Industrial Park is 800 manat for the first hectare and 1600 manat for the second hectare and above. (For example: annual rent for 3 hectares will be 4000 manat, for 0.5 hectare - 400 manat.)

 

The annual rent in the Garadagh Industrial Park is 2000 manat for the first hectare and 4000 manat for the second hectare and above. (For example: annual rent for 3 hectares will be 10000 manat, for 0.5 hectare 1000 manat.)

 

The annual rent in the Aghdam Industrial Park is 800 manat for the first hectare and 1600 manat for the second hectare and above. (For example: annual rent for 3 hectares will be 4000 manat, for 0.5 hectare - 400 manat.)

 

The annual rent in the Araz Valley Economic Zone Industrial Park is 400 manat for the first hectare and 800 manat for the second hectare and above. (For example: annual rent for 3 hectares will be 2000 manat, for 0.5 hectare - 200 manat.)

 

Service fee (monthly):

 

The monthly maintenance fee per hectare is 1700 manat, excluding VAT.

Are land plots in industrial parks owned by residents?

In accordance with the legislation, land plots in industrial parks are state-owned and leased to residents on a long-term basis.

What are the requirements for developing a business plan?

By visiting this link you can get acquainted with the general requirements for a business plan.

Are additional benefits applied to residents of industrial parks created in territories liberated from occupation?

Residents of industrial parks created in territories liberated from occupation are exempt from property tax, land tax, income tax or profit tax, VAT and customs duties when importing machinery, technological equipment and production facilities for a period of 10 years. In addition, additional benefits are also applied to entrepreneurs who will work in the territories liberated from occupation. 

 

So, additional benefits include:

 

  • Subsidizing social insurance contributions;
  • Providing annually 5 days of additional leave to specialists living and working in the liberated territories, calculation of bonuses to the monthly official salary, a one-time allowance in the amount of 600 manats;
  • Simplification of obtaining work permits;
  • The non-application of the labor migration quota is also taken into account (5-year non-application of the labor migration quota for foreign specialists).

Also exemption from VAT for a period of 10 years for the import of a number of raw materials for use in the production process by entrepreneurs who will carry out his activities in the territory liberated from occupation.