Pirallahi Industrial Park
Pirallahi Industrial Park is a Special Economic Zone located in Pirallahi (near Baku), Azerbaijan, established in 2016, with Ministry of Economy / Azerbaijan Investment Company listed as its governing authority.
Key Facts
| Type | Special Economic Zone |
|---|---|
| Location | Pirallahi (near Baku), Azerbaijan |
| Year Established | 2016 |
| Companies | 7 |
| Governing Authority | Ministry of Economy / Azerbaijan Investment Company |
| Status | operational |
Recorded Benefits and Incentives
The park offers corporate tax exemptions, duty-free imports, and VAT exemptions on goods and services. Investors benefit from simplified customs procedures and land lease incentives.
Verify eligibility and current terms with the zone authority.
About Pirallahi Industrial Park
Pirallahi Industrial Park is situated on Pirallahi island, specializing in the pharmaceutical industry, aiming to reduce Azerbaijan's reliance on imported medicines. It attracts both local and foreign investment in pharmaceutical production, biotechnology, and medical equipment. The park provides specialized infrastructure and a favorable regulatory environment for pharmaceutical companies.
Frequently Asked Questions
What type of zone is Pirallahi Industrial Park?
Pirallahi Industrial Park is a Special Economic Zone.
Where is Pirallahi Industrial Park located?
Pirallahi Industrial Park is located in Pirallahi (near Baku), Azerbaijan.
When was Pirallahi Industrial Park established?
Pirallahi Industrial Park was established in 2016.
Which governing authority is listed for Pirallahi Industrial Park?
SEZ Explorer records Ministry of Economy / Azerbaijan Investment Company as the governing authority for Pirallahi Industrial Park. Confirm its current jurisdiction and remit with the authority.
Which benefits and incentives are recorded for Pirallahi Industrial Park?
SEZ Explorer's current record lists: The park offers corporate tax exemptions, duty-free imports, and VAT exemptions on goods and services. Investors benefit from simplified customs procedures and land lease incentives. Verify eligibility and current terms with the zone authority.