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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Egypt: Procedures for the development of the real estate sector

    Rocky
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    • Post n°1

    Egypt: Procedures for the development of the real estate sector Empty Egypt: Procedures for the development of the real estate sector

    Post by Rocky Tue 09 May 2017, 2:51 am

    Egypt: Procedures for the development of the real estate sector



    09/05/2017 0:00



    Baghdad / follow - up to the morning
    Egypt is looking forward to studying a range of proposals and laws for the development of the real estate sector, which accounts for the largest number of investors, and suffers from a severe recession at the same time.
    While the controversy over the granting of Egyptian citizenship to foreigners in exchange for continued dollar investment projects, as part of its efforts towards the removal of the economy from collapse, the government agreed to grant temporary residence of foreigners, for the purchase of a property worth not less than 100 thousand dollars.
    The Chairman of the Board of the Chamber of Real Estate Development, Tariq Al - Shukri: The approval of the Council of Ministers at its last meeting on the chamber 's initiative to grant temporary residence to foreigners in exchange for buying a property in dollars supporting the Egyptian economy, and expected to contribute to the decision to pump billions of dollars annually from the proceeds in the country.
    Acknowledged the Egyptian government, an amendment to the rules for granting residence to foreigners for the purposes of non - tourist include the granting of foreigners stay in Egypt for a year in the case of buying housing units worth 100 thousand dollars, it is also granted the amendment foreign residence for a period of 5 years in the case of buying housing units worth 400 thousand dollars.
    The real estate development room launched an initiative to give foreigners a temporary residence permit peer -to buy a property worth at least 100 thousand dollars after security studies from the competent authorities, provided that this amount is from outside Egypt and are transferred to the central bank, which in turn converts it to the Egyptian Pound currency.
    Shukri said in a press statement: The government 's approval of the initiative, confirms its orientation towards the attention and interaction with the proposals and ideas of non - traditional, provided by various parties , including real estate development room , the Federation of Industries, and the adoption of new ideas outside the fund seeks to support the economy.

    http://www.alsabaah.iq/ArticleShow.aspx?ID=136687
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