The legal framework for the development, operation and governance of Alat Free Economic Zone is based on the Law of the Republic of Azerbaijan “on the Alat Free Economic Zone”, adopted by the Parliament of Azerbaijan, and signed by the President of the Republic of Azerbaijan as a prevailing law of the Republic of Azerbaijan and internal regulations of AFEZ issued by the Alat Free Economic Zone Authority.

The Law of the Republic of Azerbaijan on the Alat Free Economic Zone declares that AFEZ legislation, which consists of the Law on AFEZ and internal regulations of AFEZ, taking precedence over base economy legislation.

To clearly demonstrate precedence of AFEZ legislation over base economy legislation and exclude possibility of any conflicts, misunderstandings, contradictions in the interpretation of the provisions of AFEZ legislation and base economy legislation, relevant amendments were made and adopted by our Parliament in constitutional law on normative-legal acts, in tax, customs, licensing, labor, dispute resolution and other (more than 80) laws of the Republic of Azerbaijan, and these amendments clearly acknowledge that AFEZ legislation takes precedence over those laws of Base Economy.


List of AFEZ internal regulations in force

Company Regulations

Incorporation and administration of AFEZ legal entities, company governance, powers of directors, shareholder rights, regulation and management of Registrar’s office and other corporate matters in AFEZ

Licensing Regulations

Requirements for conducting business and obtaining license in AFEZ, administration of license, rights of Authority and licensee, etc

Temporary Regulations for Opening, Maintaining and Closing Bank Accounts

Temporary provisions on opening, maintaining and closing bank accounts for AFEZA, its administrative entities and AFEZ legal entities by Azerbaijani banks licensed by AFEZ Authority

Employment Regulations

All aspects of employment in AFEZ including hiring employees, protection of wages, social security, vacation, termination, and other related matters

Migration Regulations

Immigration of foreigners as AFEZ employees, including visa and temporary stay, sponsorship, eligibility to obtain residence permit, etc

Planning and Building Regulations

Requirements of planning and construction of buildings in AFEZ

Real Property Regulations

Matters regarding real property (land and buildings), their registration, ownership on buildings and transfer of ownership in AFEZ

Tax Regulations

Tax exemptions for businesses established and operating in AFEZ. Taxation of income of employees

Customs Regulations

Provisions on customs control, border pass, customs valuation, import and export from and to AFEZ, customs declarations and customs procedures in AFEZ

Notary Regulations

Appointment of AFEZ notary and all matters with respect to notarial acts in AFEZ

Electronic Signature and Electronic Transactions Regulations

Matters regarding electronic signature, circulation of documents, and electronic transactions in AFEZ

Fees Rules

All fees applicable in AFEZ

Arbitration Rules

Rules governing the resolution of disputes in AFEZ by means of arbitration 

Expedited Arbitration Rules

Rules of dispute resolution in AFEZ by means of expedited arbitration

Emergency Arbitration Rules

Rules of emergency interim relief by means of arbitration

Note: When there is a necessity, AFEZ Authority will develop and adopt other internal regulations than the above-mentioned, which will be based on best international practices and standards