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WHY AZERBAIJAN?
Azerbaijan is a country located in the South Caucasus region of Eurasia. It is bordered by Russia to the north, Georgia to the northwest, Armenia to the west, Iran to the south, and the Caspian Sea to the east. The capital and largest city of Azerbaijan is Baku. Azerbaijan has a population of approximately 10 million people and covers an area of 86,600 square kilometres. The country is known for its rich cultural heritage, ancient history, and natural resources, particularly its oil and gas reserves.
Azerbaijan gained independence from the Soviet Union in 1991 and has since made significant progress in developing its economy and infrastructure. The country has a mixed economy with a focus on the energy sector but also has a growing non-oil sector, including agriculture, tourism, and technology.
Azerbaijan is a secular republic with a president as its head of state and a unicameral parliament. The country is known for its diverse ethnic and linguistic groups, including Azerbaijanis, Russians, Armenians, and Lezgins, among others.
ADVANTAGES
Natural resources
Azerbaijan is rich in natural resources, particularly oil and gas. The country is one of the largest oil producers in the Caspian region and has recently invested in renewable energy sources such as wind and solar power.
Economic growth
Azerbaijan has experienced rapid economic growth in recent years, with an average growth rate of 3-5% annually. This growth has been driven by investments in infrastructure, tourism, and non-oil sectors.
Investment incentives
The Azerbaijani government offers various investment incentives, including tax breaks, customs exemptions, and access to free economic zones. There are also opportunities for public-private partnerships and foreign investment in state-owned enterprises.
Skilled workforce
Azerbaijan has a highly educated and skilled workforce, particularly in the fields of engineering, technology, and finance. The government has also implemented various initiatives to promote education and training in these areas.
Strategic location
Azerbaijan’s location between Europe and Asia makes it a strategic hub for regional trade and investment. The country has developed strong economic ties with neighbouring countries such as Turkey, Georgia, and Iran.
Favourable tax environment
Azerbaijan offers a competitive tax regime, with low corporate tax rates and various incentives for foreign investors.
