Russian citizens lead foreigners buying property in Azerbaijan

Information about how many foreign citizens set up business in the country is not disclosed

The State Service for Real Estate Issues for the first time announced the indicators related to foreigners buying apartments in Azerbaijan in August of this year.

Although the name of that information is currently visible on the website of the state institution, when we enter “an error occurred” is written.

“Resource” Economists’ Club (RIK) notes that during those six months, 500 from Azerbaijan Russia A citizen of the Federation bought real estate. This is the highest in the overall list.

Citizens of Georgia come second, their number is 71. In the third place Iran Citizens of the Islamic Republic are coming. In the first 6 months of 2022, they bought 37 properties from Azerbaijan.

In the next places Kazakhstan (30 people), Turkey (24 people), Ukraine (21 people), Germany (10 people), Uzbekistan (10 people), Canada (10 people), Israel (8 people), Belarus (7 people), Albania (7 people), USA (6 people), Iraq (6 people) is coming.

RIC notes that throughout the year in 2021 Russia citizens acquired 1002 real estates in Azerbaijan. From this point of view, from the official figures, it seems that there was no significant change in the indicator after the war:
“Iran and Ukraine The noteworthy point about this is that in 2021, the citizens of these countries did not get any apartments in Azerbaijan, but this year the number of people buying apartments from those countries has increased significantly.

After the war Russia The arrival of citizens to Georgia and the purchase of housing in this country have caused concern among Georgian civil society.

Even a number of Non-Governmental Organizations, representatives of civil society, and at the same time, the opposition appealed to the government and asked them to impose restrictions on the entry of Russian citizens into their country.
The government does not see any problem in the entry of citizens of the Russian Federation into the country.

The Ministry of Internal Affairs of the majority of refugees in Georgia announced the statistics showing that there is no left. Within ten days, from September 17 to 27, about 79 thousand Russian citizens entered Georgia, and 62 thousand left. The opposition part of Georgia does not believe these figures.

At the same time, those who say that “it is inhumane to close the border to people fleeing from war.” there is.
However, there are still many people who want to at least control the actions of Russians buying property and establishing companies in the territory of the country.

From January 1, 2017 to September 9, 2022, the property of 18,864 citizens of the Russian Federation was registered on the territory of Georgia. received.

“Kavkaz Plus” website applied to the Ministry of Justice of Georgia for more accurate figures. The response to the website states that from February 24 to September 9, 2022, 3319 Russian citizens in Georgia bought property, 969 of them are registered in Tbilisi.

According to the data of the register of rights to real estate, property rights of 2,407 citizens of the Russian Federation were registered for 2,594 residential apartments/constructions during the indicated period.

“Ifact” website writes that these numbers of Russian citizens in Georgia staying shows that they intend to establish a business for themselves here.

The site notes that from the beginning of the war in Ukraine to June, 5,990 Russian citizens registered as individual entrepreneurs and founded 429 companies in Georgia. According to Transparency International Georgia, there are 13,500 Russian companies in Georgia, and 6,419 of them have been registered since the start of the war in Ukraine.

According to the official statistics of the Ministry of Internal Affairs, 796,638 Russian citizens crossed the Georgian border from February 24 to August 24. According to IDFI data, 49,505 Russian citizens remained in Georgia in March-June 2022.

As of July 2022, a total of 16,480 Russian citizens received residence permits in Georgia. 1669 of them received permission after the war in Ukraine. Until August 4, 2022, a maximum of 550 permanent residence permits were issued to Russian citizens.

To Azerbaijan Although the neighboring countries share information about how many Russian citizens enter their country, how many of them start a business, and establish a company from time to time, Azerbaijan does not reveal any statistics about it.

Economists and experts in this field believe that there is no favorable business environment in Azerbaijan. The number of foreign investors coming to the country is decreasing year by year, so Russians for business To Azerbaijan it doesn’t look real.

But the war Azerbaijan also has effects on the economy. For example, in 2022 To Azerbaijan remittances have increased compared to the previous 3 years.
276, 20 in 201920197 in 2021, 261 million from foreign countries to Azerbaijan in 2021 dollars money has been transferred.

This is in 2022 funds 1 billion 283 million dollars has been That is, it has increased 5 times.

The 5 times increase in remittances compared to last year is associated with a sharp increase in remittances sent from Russia.