BAKU, Azerbaijan, April 7. The main goal of the state policy in the field of investment activity in Azerbaijan is to ensure sustainable economic development through local and foreign investment, Trend reports citing the law of Azerbaijan "On investment activity".
According to the law, the state guarantees the protection of the rights and freedoms of investors provided for by this law, and prohibits unreasonable and discriminatory treatment, harassment of investors and their investments.
Besides, the main directions of state policy in the field of investment activity in Azerbaijan within this law include the formation of a favorable investment climate, the creation of equal opportunities for investors in the implementation of investment activities, ensuring stability, supporting investment projects in priority sectors of the Azerbaijani economy.
The law "On investment activity" also envisages the establishment of tax benefits and other state payments, the provision of soft loans, as well as other measures aimed at stimulating investment activity.
In cases of violation of the requirements of this law, liability is envisioned in accordance with the Civil Code, the Code of Administrative Offenses and the Criminal Code of Azerbaijan.