Azerbaijan’s rating on ’Starting business’ was 18th position out of 183. Azerbaijan has been ranked 48th on ’Getting credit’; 24th on ’Protecting investors’; 81st on ’Paying taxes’ and 25th on ’Enforcing contracts’.
It is also 170th on ’Trading across borders’; 172nd on ’Dealing with construction permits’; 95th on ’Resolving insolvency’ and 173rd on ’Getting electricity’
Azerbaijan has entered the top 10 countries league with the most rapid process of registering property occupying ninth position. Based on the report, the time needed to register property in Azerbaijan is 11 days, the number of procedures that have to be passed is four and cost is only 0.2 per cent of the property value.
Innovation in the Azerbaijani legislation played a major role, as the country introduced new fees for expedited review and issuance of documents confirming property rights. The country has established a new unified register of real estate transactions which reduced the number of procedures to register property from seven to four. In addition, the State Registry was given the opportunity of accelerated passage of two of these four procedures that allows property to be registered in 11 days.
The procedure for obtaining building permits remains the most problematic area for Azerbaijan. This figure has a negative effect on the country’s position and significant change has not been recorded in this area.
Companies must undergo 30 procedures over 212 days to obtain permission to build a property in Azerbaijan and the cost is a 335.2 per cent of per capita income. Based on the Azerbaijani State Statistics Committee, the nominal income per capita amounted to 2409.9 manat in January-September 2011.
In 2011, the country’s position fell in five indicators. This ranged from falling three points on ’ Starting a business’; 12 points on ’Dealing with construction permits’; two points on ’Getting credit’; four points on ’Protecting investors’ and 7 points on "Liquidation of the company".
Azerbaijan showed its best results in terms of registering property, lifting by one position, taxation enjoyed a record 22 points, international trade is seven points and Enforcing contracts, two points.
Azerbaijan in «Doing Business-2012»
 | Indicators | Place in ranking |
1 | Registration of property | 9 |
2 | Beginning for business | 18 |
3 | Protection of investors’ interests | 24 |
4 | Fulfillment o contracts | 25 |
5 | Borrowing loans | 48 |
6 | Tax payment | 81 |
7 | Bankruptcy procedures | 95 |
8 | Conduction of foreign trade | 170 |
9 | Obtaining license for construction | 172 |
10 | Connection to power supply network | 173 |
Total | 66 | |
Property passing procedures and required term and expenses
 | Name of the procedure | Term | Completion expenditure |
1. | Affirmation of property right and obtaining certificate from State Registration Service for Real Estate on not having cargo | 5 days (simple) | 90.88 AZN (simple) |
2. | Notarial affirmation of purchase and sale contract | 1 day | 110.00 AZN |
3. | Purchaser applies to state register service to register the property | 1 day | 101.10 AZN |
4. | Registration of purchase’s right on building or plot of land in the State Register Service | 20 days (simple) | Paid in the third procedure |
Total | 11 days | 424.08 AZN | |
Easy registration of property in Azerbaijan
Index | DB2005 | DB2006 | DB2007 | DB2008 | DB2009 | DB2010 | DB2011 | DB2012 |
Rank | Â | Â | Â | Â | Â | Â | 9 | 9 |
Procedures (quantity) | 7 | 7 | 7 | 7 | 4 | 4 | 4 | 4 |
Date (day) | 61 | 61 | 61 | 61 | 11 | 11 | 11 | 11 |
Expenditure (percent of property value) | 0.4 | 0.4 | 0.0 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 |
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