Law No. ZR-188 “On privatization of state property.” Country/Territory Armenia Document type Legislation Date 1997 Source FAO, FAOLEX Subject Land & soil, General Keyword Land tenure Public land Lease Contract/agreement Geographical area Asia, CIS (Commonwealth of Independent States), Europe, Europe and Central Asia, Landlocked Developing Nations, Western Asia Entry into force notes This Law enters into force on 10 February 1998. Abstract This Law regulates the legal relationship of privatization of state property, including construction in progress. This Law does not apply to legal relations arising from the alienation of state property to other states and international organizations related to the implementation of their representative operations in the Republic of Armenia, as well as on legal relations related to the alienation of state housing fund. State property shall be intended property owned by the state by right of ownership, including shares of state-owned companies, state shares of state-owned companies and non-state companies, and also individual items of property. Privatization shall be intended alienation of property rights or other property rights in relation to the state property to individuals and legal entities and enterprises that do not have the status of a legal entity, and in cases, established by this Law. Objects of privatization shall be leased state property, including real estate. Foreign persons have the same right as natural and legal persons of the Republic of Armenia to participate in privatization. Transfer of state property shall be legalized in the form of contract. Full text Russian Website www.arlis.am