The Ministry of Economy presented documents to 15 entrepreneurs about investment promotion for the first time on June 14.
Through these projects production will be invested over 160 million AZN and about 1,400 jobs will be opened, Turan was told in the Ministry.
Among the companies that received the documents on investment promotion there are Matanat A, Shamkir Agropark and Buta Group.
According to the rules, one of the conditions for the receipt of the document about investment promotion is to invest 10% of the total investment in the project.
According to the rules accepted this year, subjects of business, who receives a document on investment promotion, will receive tax breaks by paying only 50% of the profits for seven years. Investors will also be exempted from VAT on imports of machinery, technical equipment and facilities and from property and land taxes during this time. - 08D--
Economics
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