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LAW OF THE AZERBAIJAN REPUBLIC

of January 15, 1992 No. 57

About protection of foreign investments

This Law determines the legal and economic principles of implementation of foreign investments in the territory of the Azerbaijan Republic. The law is directed to attraction and effective use in the national economy of foreign material and financial resources, the advanced foreign equipment and technology and managerial experience and guarantees protection of the rights of foreign investors.

Section 1. General provisions

Article 1. Legislation on foreign investments

1.1. The relations connected with foreign investments in the territory of the Azerbaijan Republic are regulated by this Law, other legal acts and international treaties of the Azerbaijan Republic.

1.2. The relations in the field of protection of foreign investments in the Alyatsky free economic zone are governed according to requirements of the Law of the Azerbaijan Republic "About the Alyatsky free economic zone".

Article 2. Foreign investors

Can be foreign investors in the Azerbaijan Republic:

a) foreign legal entities;

b) the foreign citizens, stateless persons and citizens of the Azerbaijan Republic having the permanent residence abroad; provided that they are registered for conducting economic activity in the country of their nationality or the permanent residence;

c) foreign states;

d) international organizations.

Article 3. Foreign investments and forms of their implementation

Foreign investments are all types of property and property rights, including the rights to the results of intellectual activities and other rights which are not relating to real, put by foreign investors in objects entrepreneurial and other types of activity for the purpose of profit earning.

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