Alat Free Economic Zone highlights unique legal framework for investors

The most attractive feature of the Alat Free Economic Zone for investors is its unique legal framework, Valeh Alasgarov, Chairman of the Board of the Authorized Body of the zone, said.

According to Report, Alasgarov made the remarks during a panel discussion at the Second Azerbaijan International Investment Forum (AIIF 2026) in Baku.

"In other countries, free economic zones are often established within the framework of the country"s standard legislation, meaning that many national laws still apply. In our case, we have the Law on the Free Economic Zone, adopted by Parliament and signed by the President as a prevailing law," he said.

"This means that any law not specifically mentioned in this legislation does not apply within the economic zone or to its entities. Laws mentioned are laws related to criminal matters and laws on the prevention of money laundering," Alasgarov said.

He noted that this was particularly important for investors.

"Our legal framework consists of the Law on the Free Economic Zone and our internal regulations, including licensing, planning and construction rules. For example, if there is any conflict between our internal regulations and general laws, our internal regulations will prevail," he said.

"This guarantees our clients that no one will try to change the rules of the game three, five or ten years from now. This is a decisive factor for potential clients and the reason we are attractive to investors from different countries," Alasgarov added.