In general, citizens and legal entities of the Republic of Azerbaijan may acquire land on the right of ownership, use and lease of agricultural land. Foreign natural and legal entities, however, may only lease land. Foreign-owned locally incorporated companies are not considered foreign legal entities and, hence, are not discrminated in this matter. Hence, only branches of foreign companies are subject to such restriction. Long-term leases are permitted.
"CHAPTER II. THE RIGHT OF POSSESSION AND USE OF FOREST FUND AND WOOD-AND-SHRUBBY VEGETATION
Article 11. The right of possession of forest fund
The forest fund in the Azerbaijan Republic belongs to the state and is its property.
Forests and the lands of forest fund are not subject to privatization.
[...]
Article 14. Rights of use of forest fund plots
Rights of use of forest fund plots are carried out taking into account recognition of multipurpose value of forests (simultaneous use by different persons and with different purposes).
By the rules determined by the Law of the Azerbaijan Republic "On land reform", the forest plots and the forest plots, not covered with forest vegetation, can be transferred on a contractual basis to physical and legal persons on the terms determined by the present Code, with the purpose of their restoration. To the rights of use of forest fund plots are applied provisions of the civil and land legislations of the Azerbaijan Republic if otherwise is not established by the present Code. 
[...]
Article 16. Creation of Right to Use Forest Fund Areas
The right to use the Forest Fund plots is based on the lease agreement, forestry ticket, order, and forest ticket of the forest fund area (lands).[...]
In case of reorganization of a legal entity which is a forest user, the right to use it shall be transferred to a newly created legal entity in accordance with the legislation of the Azerbaijan Republic.
[...]
Article 22. Leasing of Forest Fund Lands
In accordance with Article 14 of this Code, forest and non-forest lands not covered with forest vegetation may be assigned to the forest user (lessee) for the purpose of reforestation by the relevant executive authority (lessor) for one to forty-nine years. [...]" (Forest Code of the Republic of Azerbaijan dated December 30, 1997 No. 424-IQ [google translated])
-----------------------
"Chapter XII - RIGHTS OF LEGAL AND NATURAL PERSONS OVER LAND
Article 48. General characteristics of the rights of legal and natural persons over land
1. The rights of legal and natural persons on the land area differ according to the scope of those rights determined by this Code, the Civil Code of the Republic of Azerbaijan, other normative-legal acts and contracts related to land transactions.
2. Citizens and legal entities of the Republic of Azerbaijan can acquire land plots in the right of ownership, use and lease.
3. Foreigners and stateless persons, foreign legal entities, international associations and organizations, as well as foreign states can acquire land plots in the Republic of Azerbaijan only on the basis of lease.
4. The land plot is given to the land owner, user and tenant in accordance with its purpose and legal status determined for that plot.
5. Legal and natural persons who are land owners, users and tenants should not harm the environment, the rights and interests of other persons while exercising their rights over the land.
6. Land owners, users and tenants can insure land plots against the effects of natural disasters.
Article 49. Private property right on land
1. Private property right of legal and natural persons on land is the right of ownership, use and disposal of land subject to the restrictions and other conditions determined by law and contract.
2. The private ownership right of legal and natural persons over land arises on the basis of privatization, purchase, sale, inheritance, donation, exchange of state and municipal land and other land-related transactions, as well as transfer of legal persons to the charter (share) fund.
3. Restitution of the rights of former land owners (their heirs) over land plots is not allowed.
4. The ownership rights of land parcels transferred to foreign legal entities and individuals as a result of inheritance, donation and mortgage transactions are alienated for a period of one year in accordance with the legislation of the Republic of Azerbaijan. If foreign legal entities and individuals do not expropriate the property right on the plot of land in accordance with the legislation, the relevant executive authority or municipality shall compulsorily purchase the plot of land in accordance with this Code.[...]" (Law of the Republic of Azerbaijan "On Approval of Land Code of the Republic of Azerbaijan" No 695-IQ dated June 25, 1999 [google translated])
Forest Code of the Republic of Azerbaijan dated December 30, 1997 No. 424-IQ [google translated]
[<a href="https://e-qanun.az/framework/46941">Code</a>],[<a href=" https://www.e-qanun.az/framework/46942">Law</a>]