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Initial Property Assessment Coefficients Changed in Azerbaijan

Business Materials 3 December 2007 20:48 (UTC +04:00)

Azerbaijan, Baku / Trend corr. U.Ismaylova / The changes have been injected in the Coefficient for initial assessment of property by the decision of the Azerbaijani Cabinet of Ministers from 29 November.

New formulas to define the size of authorized capital for joint stock companies and small-scale entrepreneurships have been established.

During the assessment of land plots in Baku, a coefficient will depend upon city areas. There are 12 areas in Baku from 1.2 to 4, in Sumgayit and Ganja from 0.8 to 1.4 and in Absheron from 1.1 to1.3.

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