Overview of the financial leasing law

The Financial Leasing Law No. 45 of 2008 regulates the nature of the relationship between the parties to the lease contract.
The leased property remains the property of the lessor throughout the lease term, with the contract document registered with the official authorities to preserve the rights of the tenant.
If the lessee enjoys privileges or exemptions from customs duties or sales tax, then these advantages are transferred to the lessor when establishing the financial lease contract so that the lessee continues to benefit from them.