Alat Free Economic Zone (AFEZ) is the largest free economic zone in the Caucasus region, which has strategic geographic location adjacent to the Baku International Sea Trade Port and at the crossroads of international corridors. AFEZ delivers an outstanding business environment for investors engaged in high value-added and export-oriented manufacturing and internationally traded services, using innovative technologies and approaches to work in accordance with best international standards. There is a range of substantial benefits to investment including, but not limited to Exemption from VAT, withholding tax, and any other corporate taxes, Exemption from customs duties and taxes on import to the free zone and export from the free zone, No restrictions on foreign currency or profit repatriation, No requirement for a local partner, Full investor protection, Fully serviced industrial plots, Extraterritoriality with prevailing AFEZ Law, Lowest utility rates in the region. AFEZ has investor friendly unique legislation which is prevailing law in Azerbaijan. It also provides businesses with industrial land plots with ready to use off-site and on-site infrastructure and utilities. 2 logistics centers will be established in AFEZ in order to meet import and export needs of business entities, as well as provide other necessary logistics services. In addition to that, Azerbaijan has free trade agreements with Georgia, Kazakhstan, Russia, Uzbekistan, Ukraine, Moldova, Turkmenistan, Kyrgyzstan, Tajikistan, Belarus, and preferential trade agreement with Turkey.