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LAW OF THE AZERBAIJAN REPUBLIC

of June 22, 2022 No. 551-VIQ

About investing activities

This Law according to Items 1, of 10, of 11, 13 and 26 parts I of article 94 of the Constitution of the Azerbaijan Republic determines legal and economic basis of investing activities in the Azerbaijan Republic, guarantees protection of the rights and legitimate interests of investors.

Chapter 1. Basic provisions

Article 1. The concepts used in this Law

1.1. The basic concepts used in this Law have the following values:

1.1.1. investing activities - set of actions of investors in connection with investment investment in the territory of the Azerbaijan Republic;

1.1.2. investment - the money, securities, other property, including the property rights and other rights having monetary value, put in objects of business activity for the purpose of income acquisition;

1.1.3. the investor - the local and foreign investor performing investing activities in the territory of the Azerbaijan Republic;

1.1.4. the local investor - the citizen of the Azerbaijan Republic and the legal entity of the Azerbaijan Republic performing investing activities;

1.1.5. the foreign investor - foreigners, stateless persons, foreign legal entities and their branches and representations, the international organizations, and also the foreign state performing investing activities;

1.1.6. the investment project - set of the actions causing investment investment and its realization for implementation of investing activities.

1.2. Other concepts used in this Law express the values determined by regulatory legal acts of the Azerbaijan Republic.

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