Technopark

Opportunity for your business

•Digital – #1 topic of government agenda, with massive digital transformation & infrastructure programs underway

•'Island of stability' with economy on the rise and stable currency

•Favorable environment to do business locally & internationally

Favorable tax and migration environment

•10 year 'tax haven' for residents of Technopark

•No work permit required for residents of Technopark and ICT employees

Comfort of living

Expat destination for over a century that is designed to integrate: with multi-lingual population, international schools, zero religious restrictions Delightful lifestyle combining low cost of living, developed infrastructure and mild, sunny climate Easy travel opportunities with 40 direct flights and CET-friendly time-zone

Safety

According to the Foreign Policy Association, headquartered in New York, USA, Azerbaijan ranked 18th among the safest countries out of 141

Benefit

IT residents shall be exempt for a period of 10 years, starting from the first reporting year:

Social tax

Exemptions on social insurance fees reduce operational costs and ease the financial burden.

Property tax

Residents are exempt from paying taxes on their owned property, providing them with additional financial advantages.

Dividend

Since dividend income is tax-exempt, a more favorable environment is created for investors and shareholders.

Profit tax

Exemption from corporate profit tax allows businesses to allocate more resources to innovation and growth.

Land tax

Since land plots are exempt from taxation, there is no additional financial burden.

Personal income tax

Income tax exemptions enhance employee motivation and increase net earnings from salaries.

Migration

No additional work permit is required for foreign specialists, making it easier to build international teams.

Required documents

Most of the required documents will be obtained directly from the relevant authorities through the EHIS system with the applicant's consent at the time of application.

Individuals

Legal Entities

Individuals

Copy of the identity document
Copy of the certificate of registration for tax accounting
Notarized copy of the relevant license or permit
Certificate confirming the classification as a small, medium, or large business entity
Certificate confirming no outstanding debts for taxes and other mandatory payments
Certificate confirming no bankruptcy, no property seizure, and no pledge directed at payment
Certificate confirming no deprivation of the right to engage in relevant activities
Copy of documents for specialists who have received education in the field of information and communication technologies, including those who have completed additional education institutions or have at least 1 (one) year of work experience
Must have worked in the fields of system integration and software development for at least 1 (one) year
During the period of activity, at least 1 (one) product must have been implemented (realized), including being sold.

Legal Entities

Copy of the extract from the state register
Copy of the document confirming the identity of the authorized representative (proxy)
Copy of the charter (statute)
Notarized copy of the relevant license or permit
Certificate confirming the classification as a small, medium, or large business entity
Certificate confirming no outstanding debts for taxes and other mandatory payments
Certificate confirming no bankruptcy, no property seizure, and no pledge directed at payment
Certificate confirming no deprivation of the right to engage in relevant activities
Copy of documents for specialists who have received education in the field of information and communication technologies, including those who have completed additional education institutions or have at least 1 (one) year of work experience
Must have worked in the fields of system integration and software development for at least 1 (one) year
During the period of activity, at least 1 (one) product must have been implemented (realized), including being sold.

Residents benefit from the following incentives for a period of 10 years:

Residents engaged in system integration and/or software development outside of technoparks are exempt from various taxes, including income and profit taxes, dividends, property, and land taxes.

For residents engaged in system integration and/or software development outside of technoparks, income tax reductions are as follows: 0% for amounts up to 8,000 AZN, 5% for amounts exceeding 8,000 AZN, and from January 1, 2026, for 7 years, income will be taxed at 5%.

Foreign specialists working in the fields of system integration or software development outside of technoparks are exempt from the requirement to obtain work permits.

From January 1, 2023, employees of residents involved in system integration and/or software development outside of technoparks will have their mandatory state social insurance contributions calculated based on either four times the minimum monthly wage or from their earned income as employees. This provision will remain in effect for a period of 10 years.

Benefit

Profit tax

Required documents

Individuals

Legal Entities

Residents benefit from the following incentives for a period of 10 years:

List of residents

Local residents

International residents

Community

Contact