Eurasia & Balkans · South Caucasus
Azerbaijan
The cheapest property-linked residence in the region with no wealth or inheritance tax — undercut by a hard dual-citizenship prohibition, a tax regime that just got materially worse, and a property rule that forbids renting out the asset.
Tax position
- Income tax (top)
- 25% in the oil, gas and government sectors (14% up to AZN 2,500/month, then AZN 350 plus 25%). Non-oil private sector from 1 January 2026: 3% up to AZN 2,500, AZN 75 plus 10% from 2,500–8,000, and AZN 625 plus 14% above AZN 8,000 — with the low bracket rising to 5% in 2027 and 7% from 2028
- Capital gains
- no separate capital gains tax; included in ordinary taxable income
- Wealth tax
- none
- Inheritance tax
- none — gifts and inheritance from family members are fully exempt
- Special regime
- none material for UHNW — the 7-year non-oil exemption expired 31 December 2025
- Territorial
- No — worldwide income taxed
- CFC rules
- Yes
- Exit tax
- No
- CRS
- Participating
1 route into Azerbaijan
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