Procedures for SME to rent real estate will be eased from jJanuary 2012

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Economy

02.11.2011, 22:10

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.

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. -0-

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