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Grow Without Limits – Expand Your Business in the Alat Free Economic Zone (AFEZ)

Looking to scale your business into a new market with clear tax advantages and world-class logistics? Azerbaijan’s Alat Free Economic Zone (AFEZ) offers an independent, investor-oriented environment that makes international expansion both practical and profitable.

What Is AFEZ?

AFEZ is a designated economic territory near the capital city of Baku, where companies operate under a distinct legal and regulatory system. The zone was specifically created to boost high-tech industries, stimulate export-based manufacturing, and serve as a launchpad for global trade from the Caspian region.

Business Benefits of Operating in AFEZ

  • Tax-Free Operations: No income tax, VAT, or customs duties
  • 100% Foreign Ownership: No requirement for local partners
  • Streamlined Registration: One-stop process for all legal formalities
  • Minimal Bureaucracy: Operates independently of most national laws
  • Reliable Legal Protection: Assets and capital are safeguarded

Location Advantage: Where East Meets Trade

Situated on the Caspian Sea coast, AFEZ is adjacent to Azerbaijan’s largest seaport and connected to major trade routes linking Europe, Central Asia, and the Middle East.

Infrastructure highlights include:

  • Direct access to international rail and highway networks
  • A customs-friendly logistics zone
  • Modern utility systems and high-speed data networks
  • Planned cargo air terminal to expand freight capacity

Who Can Qualify for Residency in the Zone?

AFEZ grants residency to companies aligned with its development vision. Priority is given to those involved in industrial manufacturing, exporting most of their output, or applying modern technologies.

Legal Framework That Favors Business

The zone follows its own legal model, defined by a special law and overseen by the AFEZ Authority. National law applies only to criminal and anti-corruption matters — business rules are unique to the zone.

Step-by-Step Setup: How to Launch Your Company in AFEZ

  • Submit Your Interest: Apply online or in person
  • Project Review: Your proposal is evaluated
  • Get Registered: Form your legal entity under AFEZ law
  • Start Operations: Begin business with full support

Full Support – From Start to Scale

The AFEZ Authority offers ongoing assistance throughout the business lifecycle, including legal services, customs help, and workforce solutions.

Beyond Setup: Long-Term Partnership

Resident companies benefit from networking opportunities, employee training, and innovation programs.

Financial Security for Global Investors

  • Freedom to repatriate capital and profits
  • Legal guarantees under international standards
  • Asset protection against nationalization

Is AFEZ Right for You?

If your company is aiming to reduce taxes, enter new markets, and operate from a stable and modern location — AFEZ is an ideal choice.

SME is ready to support you through the entire process — from application to full-scale expansion.


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Consulting company “SME” was founded by Doctor of Economics and lawyer Namazov Ilgar in 1990.

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Rimma Zeynalova

Chief legal lawyer

Rimma holds a master’s degree in law from the Moscow State Industrial University, which she obtained in 2017. With over 7 years of experience in the legal field, Rimma specializes in corporate law, commercial law, dispute resolution, and legal consultations in tax and labor law. She has extensive experience in client work, negotiations, and representing company interests in court.

Subhan Namazov

Founder and director of the company

Subhan has many years of experience in business management and development. He holds a master’s degree in management from Western University of Azerbaijan.
His specialization includes corporate law, where he helps companies establish a legal foundation for effective management and growth. In tax law, Subhan ensures the optimization of tax strategies and compliance with legislation, facilitating successful business financial planning. In financial and banking law, he provides consulting on legal aspects of financing and banking operations, which strengthens the financial stability of the company’s clients and partners.
With his expert support in these areas, Subhan successfully helps companies achieve their goals by solving complex legal and managerial tasks.

Panfyorova Sofya

Accountant - specialist

She obtained a bachelor’s degree in world economics from the Azerbaijan State University of Economics. Sofya has experience in accounting and specializes in maintaining records, preparing tax reports, analyzing financial data, and drafting budgets. Her professional practice includes client interaction, financial audits, and ensuring compliance with tax laws.

Yelena Ismailova

Lead human resources accountant

She obtained a bachelor’s degree in Finance and Credit from the Azerbaijan State University of Economics in 2006.
Yelena has more than 15 years of experience in accounting and HR administration. She is skilled in payroll accounting, HR documentation preparation, personnel calculations, and ensuring compliance with labor laws. Her specialization includes drafting employment contracts, calculating leave and benefits, maintaining time records, and liaising with regulatory authorities.

Ismail Ismailov

Client manager

Ismail has experience in client management and support. He obtained a bachelor’s degree from the Academy of Public Administration under the President of the Republic of Azerbaijan.
Ismail specializes in identifying and attracting new clients, building long-term relationships with corporate partners, and developing and implementing strategies to improve client experience. His skills include negotiations, contract conclusion, and market data analysis to enhance customer service quality.

Gulustan Isaeva

Junior lawyer

Gulustan graduated with a bachelor’s degree in law from Baku State University in 2024.
Gulustan specializes in preparing legal documents, conducting legal research, organizing meetings, and supporting transactions. She is skilled in business correspondence, client consultations, and assisting the chief legal officer in corporate and commercial law matters.

Nazrin Hajiyeva

Director’s assistant

Nazrin obtained a bachelor’s degree in Accounting and Auditing from the Azerbaijan State University of Economics in 2018.
Nazrin has over 5 years of experience in administrative support. She specializes in coordinating work schedules, organizing meetings and events, handling business correspondence, and preparing reports and documentation. Nazrin possesses excellent project management and interpersonal communication skills, which help her effectively collaborate with employees and clients.

Gunel Bayramzade

Business Partner and Executive Director.

Gunel Bayramzade holds a Bachelor’s degree in English from the Azerbaijan University of Languages. With extensive leadership experience, Gunel Bayramzade serves as the Executive Director and Business Partner at SME. Known for her strategic vision and commitment to improving operational efficiency, Gunel Bayramzade has played a key role in shaping the company’s direction and driving its growth. Her focus on fostering innovation and creating a dynamic work environment has helped SME achieve significant success. Through her keen insight into identifying opportunities and dedication to talent development, Gunel Bayramzade ensures that each team member contributes meaningfully to the company’s success. She strives to maintain a forward-thinking approach while achieving both short-term and long-term goals.

Jafar Alizade

Chief financial director

Jafar received a master’s degree in auditing from the Azerbaijan State University of Economics in 2009. Jafar Alizade has over 15 years of experience in financial management and tax matters. He specializes in budget management, financial analysis, investment planning, and tax expense optimization. Jafar has extensive experience in developing and implementing financial strategies to improve company profitability and sustainable growth, as well as in tax accounting and planning. He is responsible for preparing tax reports, optimizing tax obligations, and interacting with tax authorities. Jafar possesses in-depth knowledge of Azerbaijani law and international tax agreements, allowing him to successfully advise clients on taxation matters.

Vugar Abdullayev

Chief accountant

Vugar Abdullayev has over 14 years of experience in accounting. He possesses deep knowledge in financial accounting, tax planning, auditing, and budgeting. He specializes in preparing financial statements, managing tax risks, controlling cash flows, and ensuring regulatory compliance.

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