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How to purchase property in Egypt?
I am interested in how the purchase of an apartment in Hurghada is processed, what taxes are paid, in what language the purchase agreement is drawn up, what fees will be incurred in the future (for example, rent)? What obligations do I, as a citizen of another country, have before Egyptian law, can I get dual citizenship, etc.
Translated automatically from Russian. View original
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Answers • 7
Try searching through the search to find "property in Egypt", there are all the answers. sq.m. from 300$.
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answered 18 years ago
sorry, but as far as I know, you need to have some kind of business in hurghada, only then you are allowed to buy real estate
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answered 18 years ago
You can buy an apartment if you have a passport. For foreigners purchasing real estate in Egypt, there are no taxes, i.e. you are exempt from paying any annual tax contributions. By purchasing real estate (over 50 thousand USD), you are entitled to a residence visa, which will be issued to you without any complications, upon presentation of documents for the apartment. You can carry out the export of money received from the sale of an apartment without any problems ...
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answered 18 years ago
...by transfer to your current account.
Additional costs are incurred to register the property in court and transfer it to your full possession, the approximate cost is from $ 3500, it all depends on the complexity and in each case the price is determined individually. This price includes the whole package of services, as well as the services of a lawyer.
Additional costs are incurred to register the property in court and transfer it to your full possession, the approximate cost is from $ 3500, it all depends on the complexity and in each case the price is determined individually. This price includes the whole package of services, as well as the services of a lawyer.
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answered 18 years ago
Contract language: Russian and Arabic. The amount of the rent is small compared to our standards: the equivalent of 2.5 USD. up to 20 c.u. At the same time, you can rent an apartment ... while you do not live in it.
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answered 18 years ago
In the spring of 2007, we bought an apartment in Hurghada. The buying process looks quite simple from the outside, but there are quite a few nuances that should be considered. Sometimes these"nuances " develop into serious problems. All documents must be translated into your native language and certified by a public notary. If you have any questions - write, I will be happy to help :)
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answered 18 years ago