No amount limit will be imposed on the repatriation of profits, dividends, and the added value (capital gains) generated from the realization of investments made by non-residents in the Republic of Azerbaijan (including real estate, shares, and stocks), APA reports.
This is reflected in the proposed amendment to the Law on Currency Regulation, which was discussed at today's session of the Milli Majlis.
According to the draft, if it is objectively impossible to submit the initial customs declaration or bank statement confirming that the funds were previously brought into the Republic of Azerbaijan at the time of the transfer, an official extract from the state register confirming the lawful acquisition of the investment object is accepted as the initial proof of entry.
The draft law was put to a vote and adopted in the first reading.
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