Azerbaijan is a shiny country located on the crossroads of the East and the West. Internationally famous events like “Formula 1” and other sports games championships have attracted many tourists to Azerbaijan from all over the world lately. The country’s beautiful nature and unique architecture of the building makes it appealing for foreigners to purchase real estate in Azerbaijan.

If you are a foreigner and you want to know how to buy a real estate in Azerbaijan and what requirements/procedures will apply, then you have clicked a right link.

Please note that foreigners enjoy the same rights with the Azerbaijani citizens when it comes to buying a real estate and owning a real estate. But there is an exception when it comes to buying a land plot. Although foreigners can own a real estate of any type (flats, apartments, condos, commercial real estate etc.), they cannot buy a land plot. However, the law does not prohibit the foreigners to lease land plots for a long-term period (e.g. up to 99 years). Besides that, Azerbaijani legal entities which are owned by foreign natural persons or legal entities, may also purchase or own land plots. This structure allows a foreign investor to effectively own and exercise ownership rights over land plots. Baku Attorneys & Consultants may assist from A to Z with company establishment procedures, which is a quite straightforward process and takes up to 2 days to finalize with minimum operational costs.

Please also note that the tax legislation of Azerbaijan makes purchase even more beneficial for foreign buyers. Under the current tax law, persons (including foreign persons) are not required to pay any purchase tax upon purchasing a real-estate in Azerbaijan. But there are a property tax imposed on owners which is paid annually as per square meter of the property and can be considered very low or intangible in comparison to other countries.

In order to become an owner of any property in Azerbaijan, foreigners shall conclude notary certified sale-purchase agreement with seller and register their ownership rights in the relevant state agency. As a result the foreigner as a new owner of the real-estate shall obtain his/her title document to the property (extract from the register of immovable property). This process may take up to 20 days with considerably low state fees. In some cases and specially with the newly built apartment houses, purchasing and registering your ownership rights can be very complicated and we do not recommend any person (including Azerbaijani nationals) doing it without consulting an attorney.

Further, please note that ownership of a real estate (excluding land plots) with a value of 100.000 AZN or more allows the owner and his immediate family members that are under 18, to obtain a temporary residence permit.

If you need any help to acquire a property in Azerbaijan, Baku Attorneys & Consultants as a law firm in Azerbaijan will guide you through all stages of property acquisition and legal documentation. We will assist in the best way in selecting, negotiating purchasing and registering the land plot or any other type of real estate to achieve consummation of the deal to your satisfaction.

8 Comments

  • by Hala Al Kousi Posted September 1, 2019 5:31 pm

    Want to buy a 120k manat apartment in baku and apply for residence permit. (I am a foreigner living outside Azerbaijan)

    • by batco batco Posted September 2, 2019 10:22 am

      Dear Hala Al Kousi,

      Please feel free to contact us via contact@batco.az. We will provide further information with regard to your case and obtaining TRP.

  • by Arshad Posted September 7, 2019 3:18 pm

    Hi. What would be the cost of purchasing or leasing of a shop in market. Please tell tbe cost with reference oc location

    • by admin Posted September 9, 2019 10:38 am

      Please check the real estate websites operating in Azerbaijan. In addition, our team can help you to find any real estate with a pre-agreed fixed fee. In the meantime, our team can also assist you in legal aspects (e.g. agreement, registration, etc.) of this process.

  • by Reza Amirshaghaghi Posted September 15, 2019 3:38 pm

    Hello
    I am resident in Iran. In Iran I am a mechanical engineer and work in the production of one of the wells used in oil or gas extraction called Downhole Completion and have a manufacturing workshop. I wanted to know if you can help me in setting up a similar business here in Baku that can sell to Azerbaijani oil companies.
    Of course, I would like to receive the residence of Azerbaijan in this way.
    I would also like to guide you through the purchase of an apartment, but it makes more sense for me to start my own production activity there at the same time.
    Thank you for contacting me

    • by batco batco Posted September 16, 2019 11:53 am

      Dear Reza,

      Thank you for your message.

      We can help you to establish a business in Azerbaijan.

      We will revert to you via e-mail.

  • by Muhammad Umair Posted February 2, 2020 10:46 pm

    Dear Attorney,

    Someone told me that foreigners can only lease a house (Hayat Ev) with no rights to resell it.
    Is it true?
    Please also confirm if someone purchase real estate of 100,000 Manat value and have his children who are above 18 years.
    Will the children also get the Temporary Residence against that property or not??

    • by admin Posted February 10, 2020 3:35 pm

      Dear Muhammad,

      Thank you for your question. Could you please write your questions to our e-mail below?

      E-mail: contact@batco.az

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