Bilateral investment treaties and other treaties on foreign investment provide additional guarantees to foreign investors and are aimed at establishing a more favorable investment climate. Under Azerbaijani law, international treaties prevail over local law regulating the same issue (except for the Constitution and acts adopted by referendum). Azerbaijan has ratified 53 bilateral treaties on the mutual protection of investments, with several more treaties currently under negotiation. Azerbaijan has entered into and implemented bilateral treaties for the avoidance of double taxation with 55 countries and also is a party to a number of multilateral treaties concerning foreign investment.

Countries, with which Azerbaijan signed bilateral treaties:

DOUBLE TAXATION PREVENTION TREATIES

Azerbaijan has concluded and is implementing bilateral double taxation treaties with 55 countries. These countries are listed in the table below. The agreements with Jordan, Spain, Denmark and Israel have been signed by the parties and are awaiting ratification by the Parliament of the Republic of Azerbaijan.