Purchase of Real Estate

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Purchase of Real Estate

We provide various consultations on purchase of real estate in Azerbaijan as well as full legal support.

Purchase of Real Estate in Azerbaijan

Each year, an increase of 4-5 per cent is shown in the real estate market of Azerbaijan. Commercial real estate in the central areas of the city is growing 9-10 per cent per year; they show the best growth. The real estate market is becoming more promising for investors and every year more and more foreign investors invest in the real estate market to obtain passive income and have guarantees for the future. Potentially, prices for local investors are not very expensive, and for foreign investors, prices in the Azerbaijani market are quite cheap compared to other countries.

According to the legislation, citizens of foreign states have the right to directly acquire real estate in Azerbaijan in full ownership.

The Decree on Simplification of Issuing Permits of the President of the Republic of Azerbaijan dated February 19, 2019 brought transparency to the real estate market in Azerbaijan. This document has greatly simplified the issuance of documents and extracts from the registry and this increases the investment value in the real estate market. After signing this document, there will be no violations, there will be only official state duties.

The economic reforms carried out in the republic stimulate the inflow of capital investments. Attracting foreign investment to the country is an integral part of the economic strategy. The adopted Investment Activity Act and Protection of Foreign Investment Act of the Republic of Azerbaijan create a favourable economic environment for foreign investment.

Why is buying real estate in Azerbaijan attractive for investors?

The influx of tourists, carrying out a lot of international competitions every year, through the services (Airbnb, Booking.com).
Lower interest rates on deposits, growth affects the price tags of real estate.
The active phase of new projects, competition between developer companies in the real estate market leads to an active growth of the real estate market in Baku to a greater extent.
Stable economic growth in Azerbaijan.
A system of state assistance to entrepreneurship has been formed and is developing in the republic.

Why Legal Advice is Required When Buying a Property?

A realtor and a notary public are interested in your purchase as they will receive a cash reward only after the transaction is completed. If you contact our real estate specialist, we are interested in the quality of the work done and your safe purchase
Checking registries, perhaps this property was inherited
The apartment is under arrest, under a hereditary, marital or other obligation
The seller of the apartment is not its owner
There is no consent of all apartment owners to the sale
Minor children are registered in the apartment
Invalid Power of Attorney for sale
The seller’s title deeds are not properly executed
There are relatives who have the right to the sold property received by its owner by inheritance
The apartment is an object of collateral for a loan
The technical passport does not correspond to the actual data
There are debts for payment of utilities for an apartment

The buyer may not be aware of these circumstances. This is where professional legal assistance comes in handy.

The best investment is buying apartments up to 3 rooms in the tourist areas of Baku

Our real estate services for foreign citizens:

Drafting a lease of real estate
Development of safe purchase and sale schemes for real estate
Consulting the foreigners on the purchase and sale of real estate
Preparation and consideration of all legal documents on the interests of real estate
Registration of real estate rights and obtaining extracts from the real estate registry

We can also offer you to find real estate with the help of our trusted real estate agencies at your request and control the entire process with legal support.

We carefully check each transaction, provide the necessary assistance with paperwork. Each object included in our database is tested for ownership. Therefore, you can be sure of the legal purity of housing, the absence of debts and other unpleasant surprises when buying property in Baku.

Our Services in the Field of Real Estate Purchase for Foreign Citizens in Baku:

Database of exclusive offers (checked for ownership)
We solve the problems that arise when transferring money through a bank to purchase real estate
Remote real estate purchases on your behalf, with a notarized power of attorney
Property management agreements (further leasing)
Maintenance and execution of purchase and sale agreements, rental of real estate (apartments, commercial real estate)

Consulting company “SME” was founded by Doctor of Economics and lawyer Namazov Ilgar in 1990.

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Rimma Zeynalova

Chief legal lawyer

Rimma holds a master’s degree in law from the Moscow State Industrial University, which she obtained in 2017. With over 7 years of experience in the legal field, Rimma specializes in corporate law, commercial law, dispute resolution, and legal consultations in tax and labor law. She has extensive experience in client work, negotiations, and representing company interests in court.

Subhan Namazov

Founder and director of the company

Subhan has many years of experience in business management and development. He holds a master’s degree in management from Western University of Azerbaijan.
His specialization includes corporate law, where he helps companies establish a legal foundation for effective management and growth. In tax law, Subhan ensures the optimization of tax strategies and compliance with legislation, facilitating successful business financial planning. In financial and banking law, he provides consulting on legal aspects of financing and banking operations, which strengthens the financial stability of the company’s clients and partners.
With his expert support in these areas, Subhan successfully helps companies achieve their goals by solving complex legal and managerial tasks.

Panfyorova Sofya

Accountant - specialist

She obtained a bachelor’s degree in world economics from the Azerbaijan State University of Economics. Sofya has experience in accounting and specializes in maintaining records, preparing tax reports, analyzing financial data, and drafting budgets. Her professional practice includes client interaction, financial audits, and ensuring compliance with tax laws.

Yelena Ismailova

Lead human resources accountant

She obtained a bachelor’s degree in Finance and Credit from the Azerbaijan State University of Economics in 2006.
Yelena has more than 15 years of experience in accounting and HR administration. She is skilled in payroll accounting, HR documentation preparation, personnel calculations, and ensuring compliance with labor laws. Her specialization includes drafting employment contracts, calculating leave and benefits, maintaining time records, and liaising with regulatory authorities.

Ismail Ismailov

Client manager

Ismail has experience in client management and support. He obtained a bachelor’s degree from the Academy of Public Administration under the President of the Republic of Azerbaijan.
Ismail specializes in identifying and attracting new clients, building long-term relationships with corporate partners, and developing and implementing strategies to improve client experience. His skills include negotiations, contract conclusion, and market data analysis to enhance customer service quality.

Gulustan Isaeva

Junior lawyer

Gulustan graduated with a bachelor’s degree in law from Baku State University in 2024.
Gulustan specializes in preparing legal documents, conducting legal research, organizing meetings, and supporting transactions. She is skilled in business correspondence, client consultations, and assisting the chief legal officer in corporate and commercial law matters.

Nazrin Hajiyeva

Director’s assistant

Nazrin obtained a bachelor’s degree in Accounting and Auditing from the Azerbaijan State University of Economics in 2018.
Nazrin has over 5 years of experience in administrative support. She specializes in coordinating work schedules, organizing meetings and events, handling business correspondence, and preparing reports and documentation. Nazrin possesses excellent project management and interpersonal communication skills, which help her effectively collaborate with employees and clients.

Gunel Bayramzade

Business Partner and Executive Director.

Gunel Bayramzade holds a Bachelor’s degree in English from the Azerbaijan University of Languages. With extensive leadership experience, Gunel Bayramzade serves as the Executive Director and Business Partner at SME. Known for her strategic vision and commitment to improving operational efficiency, Gunel Bayramzade has played a key role in shaping the company’s direction and driving its growth. Her focus on fostering innovation and creating a dynamic work environment has helped SME achieve significant success. Through her keen insight into identifying opportunities and dedication to talent development, Gunel Bayramzade ensures that each team member contributes meaningfully to the company’s success. She strives to maintain a forward-thinking approach while achieving both short-term and long-term goals.

Jafar Alizade

Chief financial director

Jafar received a master’s degree in auditing from the Azerbaijan State University of Economics in 2009. Jafar Alizade has over 15 years of experience in financial management and tax matters. He specializes in budget management, financial analysis, investment planning, and tax expense optimization. Jafar has extensive experience in developing and implementing financial strategies to improve company profitability and sustainable growth, as well as in tax accounting and planning. He is responsible for preparing tax reports, optimizing tax obligations, and interacting with tax authorities. Jafar possesses in-depth knowledge of Azerbaijani law and international tax agreements, allowing him to successfully advise clients on taxation matters.

Vugar Abdullayev

Chief accountant

Vugar Abdullayev has over 14 years of experience in accounting. He possesses deep knowledge in financial accounting, tax planning, auditing, and budgeting. He specializes in preparing financial statements, managing tax risks, controlling cash flows, and ensuring regulatory compliance.

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