How to buy

The procedure for registration of rights to property in Egypt is quite simple.

  Entry into Egypt - visa free. Tourist visas are valid for 1 month is issued at the airport upon arrival, there is paid the visa fee to $ 15 U.S.. To acquire the object of the Egyptian real estate to a foreign buyer need only one document - the passport.

  The main point - the right choice of the object. For reservation facility, removing it from further sales, the buyer must make a deposit ($ 1000) If you make an amount equal to not less than 25% of the value of the property, signed a preliminary contract of sale, which clearly prescribes the timing and method of payment, rights and obligations of the parties, as well as their responsibility.

  The contract is drawn up in the languages of the parties, ie This can be an Arab-Russian, Arabic-English versions, etc.; required item on the authenticity of multilingual texts - according to their logical content.

  On the fact of payment in full of the object transaction is recorded in the Office of Registration and Assurances Real Estate in the notary's office, and at the hands of the buyer is issued taukil - a document confirming the transfer of rights to an object from the seller to the buyer. To undergo this procedure, a foreign citizen must obtain a short-term residency visa, valid for 2 months, only such a visa would entitle him to take any legal action on the territory of Egypt. Now the process of obtaining simplified and may take several minutes to a couple of hours.

  Moreover, based on generally accepted rules, the buyer goes through all the stages of registration and moments associated with them, with the help of a lawyer representing the interests of the buyer in all state bodies and authorities. To do this, the foreign buyer will receive a warrant in the name of a lawyer, which entitles the latter property rights (and indeed, as mentioned above, only to represent the interests of the buyer and doing things on his behalf during the registration process object). At the issuance of such authorization will also require no more than a few hours.

  The next stage of registration of the transaction highly recommend to foreign buyers: the legalization of the sales contract in court, ie authentication of signatures storon.Obychnye time to go through this phase - from 2 months (due to congestion of vessels sometimes may take up to six months or more). All this time the buyer does not need to be in Egypt, as his business deals with a lawyer by proxy.

  Another Phase (optional) - to receive a green contract. For facilities costing less than 300 000 L. E. (55 000 USD) to obtain optional. And property owners, the cost of 300 000 L. E. (55 000 USD) or more may be issued under the green-contract request residency visa. The term of registration of six months or more.

  The laws protecting foreign ownership: the Law number 230 of 1996 on the rights of foreign nationals to purchase real estate in Egypt. Law number 8 on the rules of investment guarantees and development, "the 1997 Ordinance Chapter Cabinet № 548 from 2005," The procedures for acquiring real estate and obtaining a residence permit foreign nationals (non-Egyptians).