What are the existing key terms for protection of foreign investors’ interests in Azerbaijan?
- Azerbaijani legislation is evolving in accordance with the strategic goal of the government which implements the "welcoming policy" for foreign businesses.
- Foreign investments are provided with the certain guarantees against adverse changes in the legislation, nationalisation and requisition, including no discrimination policy, guarantees of compensation of damages and repatriation of profits.
- Azerbaijan is a party to 46 bilateral treaties on mutual protection of investment and a number of multilateral conventions such as UN Convention on the Recognition and Enforcement of Foreign Arbitrate Awards and Washington Convention on the Settlement of Investment Disputes between States and Nationals of other States
- Azerbaijan has signed over 45 bilateral treaties on the avoidance of double taxation.