Azerbaijan Customs Import and Export Policy

Foreign exchange management

According to the Azerbaijan Foreign Exchange Regulation Law, foreign-invested enterprises can open foreign exchange accounts in local banks for import and export settlement. When the amount of foreign exchange remitted for trade exceeds the prescribed limit (US$50,000), it is necessary to declare and provide a tax payment certificate or proof of source of funds, and pay a handling fee (generally not more than 1% of the remitted amount). Foreigners working legally in Azerbaijan can remit all their personal income after paying taxes. Foreigners carrying more than US$1,000 in cash out of the country must declare to the customs. The customs charges a 1% handling fee for cash exceeding the limit, but the total amount of cash carried out of the country cannot exceed US$10,000.

Customs management rules and regulations

In order to further simplify customs declaration procedures, shorten customs declaration time, and improve customs work efficiency and transparency, Azerbaijan Customs officially implemented electronic customs declaration and opened an import "green channel" from May 2016. At present, Azerbaijan Customs is negotiating and signing cooperation agreements on information exchange with a number of national customs departments.