Baku: Azerbaijan is set to implement a new policy allowing non-residents to repatriate profits, dividends, and capital gains from investments without any amount limit. This development, discussed at a session of the Milli Majlis, aims to enhance the investment climate by providing more flexibility to foreign investors.

According to Azeri-Press News Agency, the amendment to the Law on Currency Regulation includes provisions for cases where initial customs declarations or bank statements are unavailable. In such scenarios, an official extract from the state register confirming the lawful acquisition of the investment can serve as proof of entry for repatriation purposes.

The legislative proposal was thoroughly debated and successfully passed in the third reading, paving the way for its implementation.