Azerbaijan tax breaks tempt Israeli tech firms to relocate
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Azerbaijan is extending significant tax incentives to attract startups, including full exemptions from corporate, purchase, real estate, and dividend taxes for a decade. These benefits are specifically available to Israeli startups that relocate their operations to the country.
The initiative aims to boost Azerbaijan’s appeal as a business hub by offering substantial financial advantages. According to an exclusive report in Globes.
Read more in Globes.
Meanwhile, a report in Calcalist showed how Israeli startups raised USD7.8 billion since October 7, 2023, but relocation fears threaten future growth.
