Privatization of state property is necessary problem that has to be solved in the direction of form of relations of marketing economy. The essence of the economical reform directed to the marketing relations is to pass to the economical system that the relations of all-round property is established from economical base ruling the state property. The process of privatization in the Republic of Azerbaijan is divided in two-part: In the first stage the privatization are regulated by the law of the Republic of Azerbaijan “on privatization of state property in the Republic of Azerbaijan”, “State Program of privatization of state property in 1995-1998 in the Republic of Azerbaijan” certified by the law dated September 29, 1995 of the Republic of Azerbaijan, decree of the president of the Republic of Azerbaijan accepted by the aim of executions of these documents, at the same time decision of the Cabinet of Ministry of the Republic of Azerbaijan. Small and secondary state establishment has been privatized at this period. The privatization of the state property is carried out in accordance with the law of the Republic of Azerbaijan “on privatization of the state property” and “II State Program on privatization of the state property in the Republic of Azerbaijan». At the same time several decrees and decisions regulating the different parts of the process of privatization have been admitted at this stage. They regulate the valuation, method of privatization of privatized state property, restructuring of privatized establishment and their sanitate. In accordance with the “II State Program of privatization of the state property in the Republic of Azerbaijan “that is in the force, the privatization of the state property are carried out by the following methods: - privatization of the state establishments on individual projects; - Concession sailing of privatized state property of establishment to members of labor collectives and person equated with them. - Sell of state property at the specialized cheque and money auctions - Sell of the state property by the help of the auctions - Sell of leased state property - Sell of the state establishment by the way of bankrupt. The means of payment during privatize of the state property are considered to be the payment means as manta and state privatize shares (cheque) of the Republic of Azerbaijan. The customers are following during privatize of the state property: 1. The citizens, foreigners and persons having no citizenship 2. All legal entities registered at the Republic of Azerbaijan except the legal entity that the shares and part more than 20% at charter fund are at the state property. 3. Foreign legal entities The following can participate as customers during privatize of the state property: 1. Legal entity that the shares and part more than 20% at charter fund are at the state property. 2. Bodies of executive authority 3. Municipal bodies At the same time the specifications area of state property privatizes are defined by the help of the registered legal documents. Apply to the law firm “HES” if you want to get detailed information on legal regulations of privatization, at the same time different method of privatization and you need legal advice on other problems interesting you.