Balakhani Industrial Park
Balakhani Industrial Park is a Special Economic Zone located in Balakhani (near Baku / Absheron), Azerbaijan, established in 2011, with Ministry of Economy / Azerbaijan Investment Company listed as its governing authority.
Key Facts
| Type | Special Economic Zone |
|---|---|
| Location | Balakhani (near Baku / Absheron), Azerbaijan |
| Year Established | 2011 |
| Companies | 27 |
| Governing Authority | Ministry of Economy / Azerbaijan Investment Company |
| Status | operational |
Recorded Benefits and Incentives
The zone offers corporate tax exemption, duty-free imports, and no Value Added Tax (VAT) on goods and services. It provides simplified customs procedures and land lease incentives.
Verify eligibility and current terms with the zone authority.
About Balakhani Industrial Park
Balakhani Industrial Park specializes in waste recycling and secondary raw materials production, addressing environmental concerns and promoting a circular economy. Located near Baku, it aims to attract investments in eco-friendly industries and modern waste management technologies. It plays a significant role in improving the ecological situation in the Absheron Peninsula.
Frequently Asked Questions
What type of zone is Balakhani Industrial Park?
Balakhani Industrial Park is a Special Economic Zone.
Where is Balakhani Industrial Park located?
Balakhani Industrial Park is located in Balakhani (near Baku / Absheron), Azerbaijan.
When was Balakhani Industrial Park established?
Balakhani Industrial Park was established in 2011.
Which governing authority is listed for Balakhani Industrial Park?
SEZ Explorer records Ministry of Economy / Azerbaijan Investment Company as the governing authority for Balakhani Industrial Park. Confirm its current jurisdiction and remit with the authority.
Which benefits and incentives are recorded for Balakhani Industrial Park?
SEZ Explorer's current record lists: The zone offers corporate tax exemption, duty-free imports, and no Value Added Tax (VAT) on goods and services. It provides simplified customs procedures and land lease incentives. Verify eligibility and current terms with the zone authority.