PurgatoryAsia
Azerbaijan
14%effective individual rate
14% income tax rate. Azerbaijan has limited crypto-specific regulation but general tax rules apply.
FATCA Partner
Yes
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Not allowed
Bitizenship
Not yet
Tax Rates
Capital Gains Tax14%
Income Tax on Crypto14%
Corporate Tax20%
VAT on Crypto18%
Activity Taxes
Staking
14%
Mining
14%
DeFi
14%
NFTs
14%
Taxable Events
Crypto → Fiat
Taxable
Crypto → Crypto
Taxable
Holding Period
No holding period benefit
None
Regulation & Residency
Regulatory Body
Central Bank of Azerbaijan; FIMSA
Residency Requirement
Various visa options
Reporting Requirements
Annual tax return
Citizenship & Residency Path
Residency via business/employment; citizenship after 5 years
Notable Conditions
- →14% flat rate
- →Limited crypto regulation
- →Oil-rich economy
- →Growing fintech interest
Living & Lifestyle
Cost of Living
Low
Banking Access
Moderate
Quality of Life
Moderate
Lifestyle Scores
Safety6/10
Healthcare5/10
Institutions4/10
Business Ease5/10
Int'l Schooling4/10
Privacy5/10