The Economic Zones Development Agency, operating under the Ministry of Economy of the Republic of Azerbaijan, currently administers 9 industrial parks, 3 industrial districts, the Yevlakh Pilot Agropark, and a Vocational Education Center.

The primary mission of the Agency is to establish a favorable and sustainable environment for the development of highly competitive industrial production in industrial zones.

Residents of industrial parks benefit from customs privileges and tax incentives. They are exempt from profit tax, property tax, and land tax for a period of 10 years. Furthermore, they are granted a 10-year exemption from VAT and customs duties on the import of machinery, technological equipment, and installations.

The Agency was established as a public legal entity pursuant to Decree No. 1257 dated January 22, 2021, issued by the President of the Republic of Azerbaijan, Ilham Aliyev, entitled “On measures to improve the management of industrial parks, industrial districts and agroparks,” on the basis of “Sumgait Chemical Industrial Park” LLC.

By Decree No. 1506 dated December 21, 2021, the Charter of the Agency was approved.