Alat Free Economic Zone

Description

The Alat Free Economic Zone (AFEZ) in Azerbaijan was founded to attract foreign investment and diversify its economy, with its foundation laid in 2021. Located near the Baku International Sea Trade Port, it offers extensive incentives like 0% corporate tax and customs duties for investors. The zone is designed for export-oriented manufacturing and logistics, focusing on attracting companies in these sectors to create a competitive, non-oil-based economy.