Leasing and credit are by far the most common tools for updating fixed assets of an enterprise, each of which has its own specifics. So, under equal conditions, the requirements imposed on a potential client by independent leasing companies are much milder than those of banks and lessors affiliated with them. We also note that in conditions of global financial uncertainty, banks are skeptical of providing long-term loans, while a leasing company with a positive credit history will easily provide you funds for a long term.

Advantages:

• Leasing reduces your final investment costs.
• Since the leased property remains the property of the leasing company for the entire lease term, no collateral is required.
• Leasing payments are exempt from VAT
• Leasing is issued for a longer period of time.
• Leasing is the most basic alternative for acquiring fixed assets.
• During the term of the leasing agreement, all operations and procedures are carried out by the leasing company

From the very beginning, Shimal Service LTD has been engaged in the supply of equipment and machinery for leasing on favorable terms.

Shimal Service LTD offers to purchase equipment on lease with an advance payment of 10% to 40% of the cost of equipment, depending on the subject of leasing and taking into account the wishes of the customer.

The amount of the lessor’s premium is determined depending on the amount financed, the term of the contract, the currency of the contract and the liquidity of the leased asset and can range from 14% to 22% per annum

The term of payment of the cost of the leased asset varies from 1 to 4 years, depending again on the wishes of the lessee and of its solvency.

Throughout the entire lease agreement, the leased asset remains the property of the lessor and only after the expiration of the contract the ownership is transferred to the recipient.

The subject of leasing must be marked with a special label containing below information:

1. Name of the equipment owner.
2. Owner’s address and contact numbers.
3. Contract number and date.

In case the subject of the contract is equipment, during the term of the contract, the lessee has no right to transfer equipment from the place of delivery of the subject of the contract without written permission from the lessor.

In case the subject of the contract is a vehicle, during the term of the contract, the buyer has no right to travel by car outside the Republic of Azerbaijan without the written permission of the lessor.

The period for consideration of a leasing application is only 2 weeks. In order to start the procedure, you have to fill out an application provided by the employee of the company.