Law on leasing (1999).

The Law consists of 25 Articles. The present Law determines the juridical, organizational and economic peculiarities of leasing and is aimed at attracting investments on the basis of leasing activity. Enterprises and other property complexes, buildings, structures, equipment, transport means and other movable and immovable property pertaining to the main means can be subject to leasing. Plots of land and other natural objects and also the property prohibited for free circulation in Turkmenistan or for which the special order of circulation is set, can not be subject to leasing. The law specifies that leasing agreement can be concluded in the form of multilateral agreement with the participation of a provider of a leasing, receiver of leasing and seller of the subject of a leasing or bilateral agreement between the provider of a leasing and receiver of a leasing.