OBTAINING LAND AND PROPERTY

Azerbaijan was the first republic among the former USSR states to give its citizens the right to transfer of land to private property, sell or transfer ownership to another person. Azerbaijani legislation gives the right to own, rent and use a land known as "real estate". State registration of real estate is carried out no later than 10 working days. Foreigners and stateless persons can not own land in Azerbaijan. Foreigners and stateless persons, foreign legal entities, international associations and organizations, as well as foreign states may acquire land in the Republic of Azerbaijan on the basis of lease right only. Foreign legal entities and individuals shall be expropriated in accordance with the legislation of the Republic of Azerbaijan for one year, as a result of inheritance, donation and mortgage transactions of land plots. When foreign legal entities and individuals do not alienate the right of ownership over the land, according to the legislation, the relevant executive authority or municipality shall compulsory purchase of the land. Please click here for more information.