The boom in investments in the real estate sector in Azerbaijan (most of it taking place in Baku) began approximately eight years ago, with numerous international, as well as local companies, coming to the country to actualize their grand real estate projects. In time, new developments in the real estate sector paved the way for other infrastructure projects such as construction of new bridges, roads, and road expansions to ease traffic congestion.
Azerbaijani law provides for the following basic rights in Real Estate\property: (I) possession; (II) the right to use/benefit and (III) to dispose of the property (transfer ownership or other rights in property to third parties). In Azerbaijani legislation real estate is generally referred to by the term “immovable property”. Pursuant to the Law on the State Register of Immovable Property (the “State Register Law”), the creation of rights to property (ownership and other rights), transfers and the termination of rights are subject to state registration with the register of immovable property.
Except as otherwise provided by law, the rules established by Civil law of Azerbaijan Republic apply to relationships with foreign natural persons, stateless persons and foreign legal entities.
Considering all the matters described here above there will be situations where you need extern legal advice.
We provide following services:
Getting license – for construction, design, maintenance and for other spheres of business for which license is required;
Preparation of Construction passport – the document which contains the conditions for the design (name, purpose, volume of the building, etc.), technical data on the designated site, as well as information necessary for the construction;
Getting permissions – for electricity, gas, land, telephone line, road permissions, environmental permitting and compliance;
Contract management – creation, execution and analysis to maximize operational and financial performance at an organization, all while reducing financial risk;
Site instruction management – management of instructions sent from the head contractor that contains directives for contractors working on a project.
Claim management – management of claims for time and money – understanding the impact of notice provisions, also false claims act defense;