Monday, March 26, 2012

E-Registration of Real Property Rights

The Government passed a resolution requiring the Real Property Registry to accept online applications for registration of property rights. Application files need to be submitted at the official website of the Registry (www.cadastre.am) and authenticated with a digital signature. The resolution is aimed at implementing article 26 of the recently amended Law on State Registration of Property Rights, which provides for an electronic application system to operate parallel to the paper application system.

In order to improve the affordability of digital signature certificates the Government will provide a $27,000 subsidy, which is expected to reduce the price of a digital signature certificate from $34 to $9.