LAW OF THE AZERBAIJAN REPUBLIC

of January 13, 1995 No. 952

About investing activities

This Law determines general social, economic and legal terms of investing activities in the territory of the Azerbaijan Republic.

The law is directed to intensive involvement of investments into economy of the Azerbaijan Republic, their effective use for development of social and economic base of the country, and also the international economic cooperation and integration, and provides equal protection of the rights of all investors irrespective of pattern of ownership.

Chapter I. General provisions

Article 1. Concept of investment

Investments are financial resources, and also the material and intellectual values put in objects entrepreneurial and other types of activity for the purpose of income acquisition (profit) or social effect.

Treat such means and values:

money, purpose-oriented bank deposits, credits, shares, shares and other securities;

personal and real estate (buildings, constructions, equipment and other material values);

the scientific and practical and other intellectual values which are drawn up in the appropriate order;

set of the not patented technical, technological, commercial and other knowledge constituted in the form of the technical documentation, skills and know-how necessary for the organization of this or that type of production "know-how");

the rights to use by the earth, water and other resources, buildings, constructions, the equipment and also following from copyright and other property rights;

other values.

Investment into creation and reproduction of fixed assets, and also into development in other form of production of goods is performed in the form of capital investments.

Article 2. Investing activities

1. The investing activities represent set of all actions of the investors connected with investment and implementation of investments.

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