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Procedures For SME To Rent Real Estate Will Be Eased From January 20

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  • Procedures For SME To Rent Real Estate Will Be Eased From January 20

    PROCEDURES FOR SME TO RENT REAL ESTATE WILL BE EASED FROM JANUARY 2012

    ARKA
    Oct 2, 2011

    YEREVAN, October 2. / ARKA /. Procedures for small and medium-sized
    businesses to rent real estate will be eased substantially from January
    2012, the chairman of a non-governmental organization "Network to
    protect business interests," Gagik Poghosyan, said today.

    "It is quite a complicated and expensive process now, but from the
    1st of January 2012 small and medium-sized businesses will be able to
    register the lease only via State Real Property Cadastre Committee,
    and the requirement for notarization, which is mandatory now, will
    be eliminated," he said at the press conference on Wednesday after
    a meeting of Council for the Development of SMEs.

    According to Poghosyan, it is also important that from January 1 fees
    for rent registration will be fixed.

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