Hope everyone is ok, in regards to commission, like the UK and the rest of the world it is normal that agencies charge a commission, some more than others, the usual in Sharm is 1.5%, alot of the agencies say they do not charge Buyer commission, but take a look at the price of the property and you will see the reason for this is reflected in the price, my advice to you all is shop around, also if you do find an agent that you trust, it his his/her job to negotiate the price for you, so if you are not happy with the price then tell them and they should be able to haggle it down for you, well at least try. Good luck to all that are looking to purchase in the area, its a great place as many of you will already know.
-------------------- Do you think I look like George Clooney!!! Posts: 155 | From: Eeeegggyyypppttt | Registered: Apr 2006
| IP: Logged |
quote:Originally posted by Des: Shame a couple of dickheads (charm & friend) have got into the act.
Nothing sensible to contribute just stupid remarks and abuse!
is that so Des...what 'friend' is that then... and what act would that be... i suggest you re-read, make some enquiries and apologize.
Posts: 5642 | From: hellonearth.myfastforum.org Forum Index | Registered: Feb 2006
| IP: Logged |
posted
Maybe we should all start over eh and try to get good solid information on here so British buyers are more aware and streetwise!! If there are any agent reading this forum, maybe you should use it as a guide on how to run the business with clients needs in mind and maybe we can all do a lot better. No body begrudges people of earning money but as fallenknight said, it just needs to be honest and fair and for people to be treated respectfully.
Posts: 18 | From: Midlands | Registered: Mar 2006
| IP: Logged |
quote:Originally posted by Wai: Maybe we should all start over eh and try to get good solid information on here so British buyers are more aware and streetwise!! If there are any agent reading this forum, maybe you should use it as a guide on how to run the business with clients needs in mind and maybe we can all do a lot better. No body begrudges people of earning money but as fallenknight said, it just needs to be honest and fair and for people to be treated respectfully.
ummmm.... honest and fair? Don't forget it's liberalism that rules the market. "Only the rich gets richer" the poor, even honest and fair, carries a "poor sticker" just like jews carried a yellow star back in the past.
Posts: 1473 | From: France | Registered: Oct 2005
| IP: Logged |
posted
so what does this mean as iam looking for fair friendly advice and not people who are going to mislead me or any one else on this inportant topic but this good as it shows us who is who fallennight did we get that reply at all as iam eager to hear
-------------------- hi Posts: 11 | From: uk | Registered: Apr 2006
| IP: Logged |
posted
All I can say on this subject Guys & Gals is that up to now I have had information from Egyptian Experience which seems genuine advice and also from magicwellssharm who also seem reasonable and very informative. Mac, if I could have afforded to buy one of your properties in Montaza i would have done but they were a little over my price range. Thanks all you help and advice though. I find this thread very good so keep up your posts and maybe we can learn something off each other. I am taking my cheque book with me in May and I will do as Penny and others have suggested and go to the site and ask for the Developer and take it from there. Also can not remember how I come across this link for furniture etc but have a look anyway.
One more thing. I am a travel agent and find that recenly a great deal of people are now asking for Holidays in Hurghada rather than Sharm. Now this is a good thing as there are many properties on the market in Hurghada at a fraction of the price of Sharm. They are also Freehold not leasehold. Just something to think about. My reason for buying was for me to enjoy my holidays in my own apartment. I must admit I do like Hurghada as this is where I am going for the 2nd time in May.
Posts: 17 | From: UK | Registered: Mar 2006
| IP: Logged |
posted
i fell that this is getting all quite immature perhaps if Tony and mac want a 'debate'they could put it under a different heading and we wouldn't need to go through this banal rubbish it's posts like those that turn an informative site into a children's playground!At the end of the day we are all (supposed ) adults and no psts are going to make our minds for us.I agree mac can be negative at times but there are people that he has obviously helped take it or leave it.
Posts: 19 | From: scotland | Registered: Apr 2006
| IP: Logged |
You are right about Hurghada, also Marsa Alam. They are great areas, as they still hold some of the old feeling that Sharm used to have before it got soo commercialised.
But Sharm is still a great place, and for investment, especially with the new bridge that is being between Nabq Bay - Tiran Island - Saudi Arabia, so you can imagine for the future Nabq will be a very expensive area if yu have bougt here, you should be very pleased. There may even be some prime Real Estate on Tiran Island in the Future.
-------------------- Do you think I look like George Clooney!!! Posts: 155 | From: Eeeegggyyypppttt | Registered: Apr 2006
| IP: Logged |
posted
and thats it take it or leave it this is for debating and opinons ,and one should respect that if we all took one piece from everyone we will all learn and gain,ps rsinai some times things go tom tit and thats whats its all about,but the end of the day we be adult about it lol
Posts: 1344 | From: uk/ | Registered: Mar 2006
| IP: Logged |
posted
hi all this seems rather quite today,dont let passed events put people from posting thier thoughts and concerns thats whats we are all here for isnt
Posts: 1344 | From: uk/ | Registered: Mar 2006
| IP: Logged |
posted
Hi an interesting web site is BEBA british-egyptian business association go to articles it gives alittle info on buying also www.propertiesabroad.com will take you thru the legalities step by step. Happy Easter
Posts: 19 | From: scotland | Registered: Apr 2006
| IP: Logged |
posted
oh mac... get some pliers and pull your finger nails out... its more fun.
Posts: 5642 | From: hellonearth.myfastforum.org Forum Index | Registered: Feb 2006
| IP: Logged |
Dont know whether this is of interest to anyone. I am attaching a contract that I was sent. I believe that most contract are the same (I could be wrong). It does however give you an insite as t what the contract in Egypt look like. I know they may vary.
*Primary Selling Contract for an Investing Lodging Units in El Shahd Project*
Date of Issue:- / /200
This contract was written between the following parties:-
First:- El Shahd Company for Touristic and Real Estate Development (Egyptian Shareholder company) according to the law rules no. 159 for the year 1981, commercial register no. 317990 Cairo in 2/1/1998 First Party as a Seller
Second:- Mr./ 1- 2- 3- Resident in:- I.D. No. :- Passport No. Nationality:- Telephone:- Representative Agent in this contract Mr./ By virtue of a proxy for the year/ Second Party as a Buyer
Both parties vowed with their complete merit and legality to deal, set the contract and that they are not subject to any guardian ship precisions that might cause any legal effects, as a result there was a mutual consent and agreement towards the following:-
(First Party) El Shahd Company (Second Party) Representative Authorized Agent on behalf of Chairman of Board Name: Signature: Date
1. The first party commits with all what is essential and obligatory for the transfer process regarding the second party’s ownership.
2. The preparation of the final contract and following the special procedures of registering the contract with a renown in the Real Estate Declaration & Registration Department will be the second party’s responsibility besides his commitment to pay all the required expenses and fees for accomplishing the contract registration. Either the first party or the authorized representative agent will take on the responsibility and the obligation to be present at the specialized authentic individual responsible for signing the final contract upon informing them with this date 15 days prior by sending a letter of recommendation to be handed over without an envelope for the seriousness of the matter. In case of neglect towards the above matter, the second party has the right to compel the first party to undertake the above without a law sentence. Both parties decided to follow the Egyptian Arbitration Courts with all it’s kinds. 3. The commitment of Preservation:-
The second party commits to adhere with the following:- It is not permitted to make any fundamental modifications in any of the units that will affect the building structure. It is prohibited to make any changes such as:- Raising, building annex, formulate openings or any add-ons within the sold unit or the front of the building and its extensions or the designed equipment for the common benefit.
No action to be taken that might affect the general appearance either by changing the paint color of the front part (façade) or the entrance or steps or terrace. Follow regulations or instructions or by-laws that are setup by the project’s board of directors for the sake of preserving the outlook of the construction &, beauty and security of the owners. The complete maintenance for the safety of the public utilities so as to remain, at all times, for the ideal valid usage. It is prohibited to cause any damages in the rest of the owned units and it is important to take into consideration the general system and good manners. The company has the right to make use of the buildings roofs and free of charge without permission as they are the sole owner and within the selling company’s property. The second party is obliged to pay all expense and register dues. Moreover paying all contracting, measurements rates and the special consumptions of the unit utilities or services that was agreed upon & written down or recorded in item no. 4 in details in the mentioned contract. It is the first party’s responsibility to accomplish the project according to the technical original basics and the accredited geometric drawings and designs. The second party is obligated to inform the village administration with all the names & data of the lease holder and his companions incase renting the unit the core of this contract and pursuing all the village administrative instructions otherwise, the company has the right to take action in applying all the legal procedures and the owner will bear the responsibility in joint liability with the lease holder or any other individual for any damages caused or troubles that might happen from the lease holder or his companions, as well as to be responsible of all his visitors actions and residents in the unit and their personal belongings. They agreed also, that each party have a plain address which will be considered as the rightful legal homeland address and any correspondences or advertisements or writings etc. is right and legally valid. In case of change the address to either parties, the other should be informed by a letter of recommendation within one month of change. The arbitration courts and South Sinai courts in EL Tor are specialized in the settlement of any dispute or conflict that might arise as a result of this contract. This contract was written in two copies, one given to the second party as a formal document in case of necessity.
(First Party) El Shahd Company (Second Party) Authorized Representative Agent on behalf of Chairman of Board Name: Signature: Date:
Preliminary
This company as a first party seller owns a piece of land with an area of 192500 m2 located in Naema’s hillock, Sharm El Sheikh South Sinai governorate with the aim of building a complete tourisitc village including investing and hotel buildings. This land is bought from South Sinai governorate in conformity with a primary selling contract dated 24/7/96 modified in 17/6/98 with an handover report dated 3/6/98.
It is defined with the following borders and limits:-
1. Nautical border with a length of 783- 701. 2. Southern border with a length of 700m, the piece of land no. 201 is set as a bound and from a distance of 50 m. 3. Eastern border with a length of 300m, the airport – Sharm El Sheikh road is set as a bound with a consecration of 100m. 4. The Western border with a length of 250m, a spacious land owned by the government set as a bound. The first party wants to exploit a part of the previously mentioned so he started building group of villas, chalets and outstanding studios with a luxurious level according to the construction license no. 103 for the year 1998. He seeks to sell some of these units according to the attached drawings and specifications to the handover report which will be given to the second party upon receiving the sold unit. The second party wishes to buy one of the chalets the first party presents for selling. He accepts with obligation all the mentioned rules and terms in this contract and after he saw the general planned design for the intended unit or the site map, both parties vowed with their complete will and capacity to accomplish and make the contract and as a result they agreed upon the following:-
Item No. 1:
The previous preliminary is an essential part in this contract, integral, complimentary to it.
Item No. 2:-
The first party sold, yielded and gave up together with bearing all the legal and actual guarantees to the second party who consented to the hereunder unit and it’s data as follows:-
The unit model : The unit no. : Floor no. :
Building no. : In El Shahad company for Touristic and Real Estate development Project located in the land no. 203 in Naema Bay’s hillock, Sharm El Sheikh south Sinai governorate.
The land’s area including the services approximately m2 Only/ approximately m2
First Party Second Party Shahd Company Name: Authorized Representative Agent on behalf of Chairman of Board Signature: Date:
This area includes a latifundium share in the land built on it the unit and the building common parts.
Item No. 3:-
The selling process is finalized between both parties in return for a total amount of----------- paid to the second party until the time of singing the contract and the rest will be/ to be paid on the following installments:-
1. Due amount to be paid only 2. Due amount to be paid only 3. Due amount to be paid only 4. Due amount to be paid only
By this time the second party has the right to receive the unit from the first party. The buyer’s willful will be acquitted upon paying or fulfilling all installments agreed upon in the company in conformity with a receipt that carries the company’s seal foot print or the legal representative (on behalf of the company in receiving) signature and the mentioned persons in the core of this contract. The second party is not allowed to abstain from paying the rest of the installments mentioned in the contract items in the scheduled period of time for any reason otherwise, the first party has the right to apply a 3% default penalty on every month until the total payment is fully paid and all the rest of the installments are paid on a constant basis. In case of any delay in payment for more than two successive installments, all the rest will fall due on the spot in addition to this the first party deserves to obtain 3% default penalty on all installments until it is completed. The first party has the right of not applying the provision of this item and the contract will be automatically cancelled without the need of any warning or alert or issuing a verdict or to undergo any other procedure along with the first party to collect a 5% penalty from the notice board total amount as an equivalent to the administrative expenses and all this is not subject to law surveillance. The second party has the right to get back all the previous payments in case the contract is deleted with the same way of payment by installments and in deferred durations after the first party has the freedom in selling the unit (the core of this contract) and without the objection of the second party.
Item no. 4:-
The deserved maintenance for the unit is identified with a subsequent contract as an eliminator signed by the company’s legal representative and the mentioned names in this contract, they have to co-operate personally to facilitate that this service is ensured and in exchange to an amount to be collected from the second party for the benefit or the interest of the previously-mentioned individuals.
Item no. 5:-
The land was transferred to the first party (the seller) through a purchase from the South Sinai governorate by virtue of a contract dated 24/7/96 and modified with a contract dated 17/6/96.
Item no. 6:-
The second party has to admit that he got acquainted with all the ownership documents and it’s suffixes and the buildings licenses, the geometric drawings for the sold unit and the main land on nature where the project is located and admits also that he accepted it on it’s condition and aware with all laws, beadledoms and related decisions of the project.
Item no. 7:-
The first party is committed to handover the unit (core of this contract) fully painted and finished with a high standard mode during one year from the date of the contract which is determined to be / / on one condition that the second party finalized all the financial obligations on a regular basis and to pay all maintenance costs stated in item no. 4 in this contract and mentioned in the special contract which is signed by the following masters:-
Mr. Mohamed Hamed Mohamed Allam and Mrs. Hanem Ahmed Ahmed Hassan, before receiving the unit and in case the company defer the handover after the expiry of the agreed limited time. The company is obligated to pay 5% penalty of delay from the unit total amount to the second party on every month deferment and this commitment will be considered null and void or invalid incase there is an exterior force majeure for the first party’s will, regarding postponing the delivery process. If the second party consented that the date of receiving the unit will be maximum one month from the fixed date of taking over, this will be considered as a replacement to the actual receiving process and in this situation the responsibility towards any remark regarding the unit will be dropped by the company no matter what the importance and this condition cannot be accomplished unless the second party paid all the due financial obligations stated in this contract. Additionally, the second party is bound to pay from, the date of receiving the unit stated in the previous item, all determined taxes and customs whatever it’s type or stocks or bonds also, to pay the rest of the installments in it’s fixed dates no matter whether before or after receiving the unit, this will be considered as a cause to cancel the contract automatically without the need to inform and give any notification in advance or take action through legal procedures and in this circumstance, the unit is occupied by providing the proof of any formal document or any right. The first party will have the right to vacate the unit and sell it to another buyer who in return is not permitted to act freely to other client by any means of conduct norm or loading it by any right no matter what it’s kind or yielding it before finishing or settling all the payments due and this should be by having the first party written consent or approval.
In that case, the second party has to fulfill a 7% from the total amount of the unit as an administrative fees and will be entitled to give up the unit to other party after the first party’s approval regarding the planned sample.
In case of death, the second party’s inheritors are entitled to replace him in this contract if this happened before the receiving date and if they commit too to finalize or fulfill all the due financial obligations, this verdict is valid in case lack of merit or bankruptcy or difficulty if the buyer changed his mind to complete the selling process., in this situation the first party has to accept the adjustment-if this took place before the receiving the unit (the core subject of this contract- and the second party expresses his interest by a certified notification regarding his signature in the Real Estate Declaration & Registration Department.
In that position, the first party has the right to deal freely regarding the unit (the core subject of this contract) by selling to whoever he wants without the buyer objection and in both cases-the contract cancellation will be automatically for not fulfilling all paymnets and the second party’s change his mind to complete the selling process- the first party will be indebted to repay back all the sum paid to the second party the same way it was already paid concerning the price and deferred payments all this on condition, if the unit was sold to other party and an additional one that 7% to be deducted from the unit’s rate (the subject of invalidation) as administrative fees and a compensation away from the law surveillance. All these rules are valid to the cheques presented by the second party for paying all the due installments either before receiving the unit or after and either these cheques are compulsory on the spot or postponed later consequently the bank will stop spending it upon merit or to any other reason.
Item no. 8:-
The second party has no right neither his general successor or special one to demand mediation in the selling process to any unit in the touristic village no matter whether by selling from the first party or the individuals bought from him or their general successors or special ones, the above-mentioned is applied to the first party who has no right to demand mediation in the selling process regarding the unit (core subject of this contract) from the second party or his general successors or special one.
Posts: 17 | From: UK | Registered: Mar 2006
| IP: Logged |
posted
thanks Ildi this is what most people have been asking for appreciate you posting it for all to see
Posts: 19 | From: scotland | Registered: Apr 2006
| IP: Logged |
posted
Thought I would also post this. Some of you would already know this but it willhelp newcomers.
Five Fundamental Steps to Purchase a Real Estate Property in Egypt
The Egyptian real estate sector has recently experienced a substantial growth partially stimulated by relatively strong demands by expatriates and foreign nationals to purchase properties in Egypt. The purpose of this article is to provide a brief overview of the regulatory regime regulating real estates’ purchase and transfer of ownership under Egyptian law and outline the “ five fundamental steps” that any potential purchaser should carefully consider prior to buying a property in Egypt .
Brief Overview
The transfer of title of real estate in Egypt is completed through two distinct phases, namely the execution of a private sale and purchase agreement between the seller and the buyer followed by the registration of title of the purchaser with the Real Estate Department and Notary Public. Foreign nationals are entailed to purchase and own real estate properties in Egypt subject to the restrictions stipulated by the Foreigners Ownership Law (law 230 for the year 1996). The said law restricts foreign nationals’ ownership of real estate in Egypt to i) No more than two properties; and ii) Each property should not exceed 4000sq . Meter Without prejudice to said law, the purchase of real estates in Egypt by foreign nationals follows the same procedural course of action as it is the case for Egyptian nationals. In relation thereto, there are five fundamental steps that should be followed by any prudent purchaser, which are as follows:
Foreword: Pioneer Property advise all potential purchasers to make a power of attorney with a lawyer. Pioneer Property can advise you of this procedure and this power of attorney can be made for the specific purchase of a particular property only if required.
Step 1: Check the registration status of the property and review of title documentation, as outlined above, the transfer of real estate properties is perfected thought the registration of property with the relevant authorities. This said, it is quite common in Egypt for property owners not to register there title in order to avoid paying the governmental registration fees amounting to 3 % (Not applicable in Sinai Region) of the value of the property. Hence, the first seminal step to be undertaken when purchasing property in Egypt is to check said registration status. The status of the registration is determined through the review of the title documentation. Further more, a comprehensive review of the title documentation should be undertaken in light of the original title documentation and not through copies, in order to ensure that no fraudulent title documents are provided by sellers.
Step 2: Check if there are any pledges or mortgages registered on the property. Under Egyptian law, mortgages and pledges are recorded on the property itself and are not affected by the transfer of the title. Hence, quite commonly a person who has just purchased a property can discover that his newly purchased property is pledged to a third party. As such factor represents a serious exposure to your title, it is imperative that you ensure that the property you wish to purchase is clear and free from any third party rights such as mortgages and pledges. This check is undertaken through the review of the Official Pledge Registers at the Notary Public located in the district of the property.
Step 3: Ensure that all real estate taxes levied on the property are fully paid. Under Egyptian law exists a real estate tax which is levied on the property itself and not on the owners of the property. The rate of said tax differs as per the location and the standard of the property itself. This tax is not affected or prejudiced by the transfer of the legal owners and hence it is common for a new purchaser to discover- after completion of the property purchase- that he has to pay certain amounts to the Real Estate Tax Authorities. Accordingly, any prudent purchaser should instruct his attorneys to check the status of payment of the said tax prior to purchasing the property.
Step 4: Drafting and bilingual comprehensive sale and purchase agreement. The execution of private sale and purchase agreement between the seller and the purchaser is the first phase required under Egyptian law to transfer the title. Quite commonly the seller produces an Arabic draft which in many cases is not readable by the expatriate and does not include all the guarantees, representations and protections that a prudent purchaser requires. Hence, it is highly recommendable that a comprehensive bilingual sale and purchase agreement is produced and/or reviewed by the purchaser’s lawyers in order to ensure that no contractual exposure persists.
Step 5:
Registration of purchaser’s title, the registration of the title is the second phase required under the Egyptian law to transfer the title from the seller to the purchaser. As a matter of fact, the execution of the sale and purchase agreement creates- from a purely legal perspective- legal and valid obligations between the seller and the purchaser but does not create any rights vis-à-vis third parties and the relevant authorities. In other words, the sale and the purchaser agreement can be used to counter any claims by the seller of the property but does not safeguard the purchaser from potential claims from third parties or the governmental authorities. The registration of the property is the procedure designated to safeguard the purchaser from the claims from third parties and governmental authorities. There are two courses of action to undertake the registration of property which differ as per the initial registration status of the property. The two courses of action can be seen as follows: a) Registration of the property through the Real Estate Department and the Notary Public. This mechanism is commonly used in the connection with the registration of title for properties which were initially registered by the sellers. The timeframe associated with said procedures differs as per the status of the completeness of the registration documentation but in all cases would remain in the range of three to six months. When agreeing with the seller on the purchase price, the three percent registration fee should be taken into consideration; as such rate is calculated on the stipulated price of the property. We strongly do not advice on illusionary smaller price on the contract to attempt to decrease the registration amount as such action creates a substantial future exposure on the purchaser. b) Registration of the property through the courts, the second course of action available to register a property is a court action against the seller of the property requesting the court to issue court ruling confirming the validity of the sale of the property and claming the purchaser as the legitimate owner of the property. The name of such court action is “claim requesting confirmation of the validity of the sale”. This course of action may take six to nine months as per the level of cooperation that the purchaser receives from the seller. This course of action is used primarily to register properties located in the new urban communities and Sinai.
Conclusion Based on the above, we urge all expatriates who wish to purchase a property in Egypt to follow the five steps outlined above in order to safeguard themselves from various potential problems and obstacles which may prejudice their title or their quiet and peaceful enjoyment of their newly purchased property.
N.B
Please note that recently there has been a governmental decree issued from the ministry of justice regarding the purchase of property by foreigners.
This decree may come into effect on all property purchases in SHARM EL SHEIKH (only) and may revoke the title status of the property to be a 99 year leasehold contract and not a freehold contract. Currently this is to be subject to a governmental review within the coming months and detailed notes will be provided to cover any issues regarding previous and future foreign ownership.
Definitive notes have not been provided as yet however this point must be taken into consideration when buying a property in Sharm El Sheikh.
Posts: 17 | From: UK | Registered: Mar 2006
| IP: Logged |
posted
thanks for this, this is not really a contract the paper points and mentions several duties the buyer must do ,but does not state at wat cost,ie up keep of the local area as this is aimed at a complex, the developer covers him self when you sign ,as if yoou die he wants someone else to pay,that fine but at the same time get them to put in the passing of title to next of kin in full,after payment.also speaks of the final contact,this word does not want to apear at all unless u have something to say what is and why not in this one, and stay away from where they put in the seller will always own the roof,as this is where things might go wrong, as you know at the moment most buildings are 2 high,but what if,and only a if they change the law in the future,the developer will come and put another one or two floors on top,and i have spoke to developers who are wishing this it just a thought to keep in mind,as you dont want to pay top price for a top floor then find this out.
basicly a contract wants to have no more than 10 articles in. this then should clealy allow for the buyer to read what thier are getting,payment terms, buyyer,seller,penalties,time limit if any, then clearly what you are buying , no mortage on land or builing how many beds type of finish bathroom kitchen detailed boundaries neighboring access commonly used parts participation in mainance+costs if in a complex is there a union of the people to decide cost or management cost,and to state cost in the contract. if pools and gardens maintance costs final deed of sale in the case of death?(god forbids)a rightful inheritor
this then should make easier reading and keep things clear and in the open.. the contact in the first above is a bit long winded and to me all over the place,thats not to say its wrong at all but we all like to know what were reading and not to have an IQ of a million to understand it, but the paper does give a good in sight what to look for and not
Posts: 1344 | From: uk/ | Registered: Mar 2006
| IP: Logged |
posted
This decree may come into effect on all property purchases in SHARM EL SHEIKH (only) and may revoke the title status of the property to be a 99 year leasehold contract and not a freehold contract. Currently this is to be subject to a governmental review within the coming months and detailed notes will be provided to cover any issues regarding previous and future foreign ownership.
this is what agents want to get there head around instead of printing here say.this all came about from the war and to identfie the people who was buying as they did not want the next gaza on thier hand in years to come so this is more policts than any thing else then they descovered it wasnt the people they fought against who was buying, but people from the west not the east.i sat and spoke to these people who wrote this and they did not have a clue what i was talking about and on top of that there service was poor misimformed and above most told me lie after lie to sell me a property,but what he didnt know it was my property he was showing me around so was only following up what he was doing to get a sale.so iam only speaking from what i personaly seen and hesrd
Posts: 1344 | From: uk/ | Registered: Mar 2006
| IP: Logged |
posted
thanks for the contract samples i have printed everything off that you have posted as a reference since i received this list of tax duties to be paid which was very kindly pm'd to me i have myself been pm for it so i'll post it here. Hope this is also useful:
CONSIGNMENT INSTRUCTIONS FOR ORIGINAL OBL/AWB: Proper Name of Consignee (as written on passport) C/O Employer in Egypt Address of Employer Cairo, Egypt
DOCUMENTS REQUIRED • Original Bill of Lading / Air Way Bill • Passport (original) with entry stamp and residence/working visa with minimum of 3 month • Typed Inventory (Egyptian Customs do not accept handwritten Inventories) • Keys for car or any locked baggage, safes • Authorization letters to handle the shipment, locally issued CUSTOMS REGULATIONS • All shipments of used household goods & personal effects are subject to pay duties & taxes • Consignee must be physically in the country upon customs clearance of his used household goods BUT the personal attendance of consignee during customs inspection is not required • All used household goods shipments are subject to 100% physical inspection by customs authorities except for full Diplomatic shipments • Used household goods are privileged Duty Free entry for Diplomats • Used household goods are privileged Duty Free entry for Expatriates working for governmental or private sector/Contractor under term of temporary admission – subject to fully re-exportation – by providing a letter of guaranty. Only granted if consignee can provide a work visa/permit with min. of 3 month for work purpose • Egyptian Citizen or Expatriates without a working visa have to pay fully duties & taxes to import their used household goods If shipment is duty-paid, percentage of duties & taxes for personal belongings will be:
Type: Duties: Taxes: Vehicles-range: 40-140 % of value 10-45 % of value+duties Upto 1600 CC: 40 % of value 10% of value+duties + 3% Import Tax Over 1600 less than 2000CC: 135 % of value 30% of value+duties + 5% Import Tax Over 2000 CC: 140 % of value 45% of value+duties + 8.5 Import Tax Electrical appliances 45 % of value 10 % of value + duties Furniture 40 % of value 10 % of value + duties Computers 5 % of value 10 % of value + duties Books 5 % of value 10 % of value + duties Clothes (used) None None New clothes Ranging US$ 10.00 - 250.00 /each piece. Consumables 40 % of value 10 % of value + duties Consumable items such as toiletries, food stuff, detergents, cosmetics, tissues are duly dutiable even if privileged duty free entry. RESTRICTED ITEMS • Video tapes, computer discs, cassette tapes, CD's, DVD’s, Records, slides are subject to censorship authority approval and are subject to confiscation in case it is against the country's religion, politic, etc... • Printers, scanners, fax machines, copiers, and satellite receivers must obtain an extra approval by Ministry of Interior. It will be very helpful to show brand & model no. of such items on your packing list (i.e. Epson, Stylus Color 440c printer). Any manual (or copy) of printer, scanner, copier or satellites receiver is helpful to receive fast approval from authorities. • High value statues + oil paintings are to be examined by a special committee for evaluation purposes which delays the customs clearance process and can be very costly PROHIBITED ITEMS • Alcoholics • All kind of telephones (Mobiles, Wireless Phones, normal home telephones) • Pornographic Materials • Drugs and medicine • Firearms and weapons, ammunition, daggers and swords (even as decoration items) • Anti-Islamic religious materials • Gold and silver (tableware permitted) • Seeds MOTOR VEHICLES • Duty free entry granted only to Diplomats and Expatriates working under Egyptian Government Sector who can guarantee re-exportation of car. The Vehicle does not have to be brand new. • For all others duties & taxes have to be paid. The car must be brand new, a product of the same year and consignee must be the first owner • Egyptians may import a used car with proving ownership for at least 2 years by Factory/Agency original purchasing contract and statement from Traffic Authority showing ownership but still duties & taxes have to be paid Live Animals / Pets: Importation requires: - Health condition certificate - Vaccination certificate - Original Passport of owner
Clearing time : For air shpt 2 - 3 working days. For sea shpt 7-10 working days. Excluding weekends & holidays. Clearing to start after receiving original B/L from your side & passport + authorizations from consignee.
Posts: 85 | From: Egypt | Registered: Apr 2006
| IP: Logged |
posted
i would not take that lot too heart half the people ship that lot and more,what they going to do take everthing out of a 40ft container just keep away from drugs and guns youll be fine(in prison)lol
Posts: 1344 | From: uk/ | Registered: Mar 2006
| IP: Logged |
posted
Interesting what Nina says about the bridge. My Egyptian friends are very excited to be able(not sure when)to travel for Haj without all the hassle other land routes have.
Also should be very good for business
Posts: 97 | Registered: Nov 2005
| IP: Logged |
posted
des if they build that bridge i will run through sharm naked.ever been to bahrain or to the border with the KSA the saudai patrols tear everthing out of trucks and cars i used to export to the KSA AND THEY THOUGHT THE WORST PEOPLE OF ALL WAS THE EGYPTAIN TRUCK DRIVERS.i had to find other drivers all the time as they do not trust them at all ,and when they do catch anyone at the border they tie them to the gates and beat them,the KSA MUST BE THE WORST PLACE IN THE WORLD TO GET IN TO that talk has been going for ages the bridge might get to one side of the island carnt see it getting to the other
Posts: 1344 | From: uk/ | Registered: Mar 2006
| IP: Logged |
posted
just sorting things out here then hope to leave soon i hope dont tempt me single malt export strenght use to drink to much of that ,. once i sort out will try and spend some good time out there. i dont know des if it gets built will sharm become a port area for the crossing ,bringing sometimes the wrong people to the place. as the KSA is a big money spinner for good and the wrong reasons. i would find it very strange if they allow it,and what for
but will take you up on the malt,that would be a pleasure
Posts: 1344 | From: uk/ | Registered: Mar 2006
| IP: Logged |
posted
on the bridge who could go over only egyptains could go, as you need invite,and go from your country origin direct.i have many good friends in saudai but they are very strange people to work with and very rich.to much money and nothing to spend it on can send you crazy
Posts: 1344 | From: uk/ | Registered: Mar 2006
| IP: Logged |
posted
Don't this bridge thing mean that the local authorities will have to build a huge motorway through the heart of Sharm to deal with all the extra traffic. I am pretty sure that people wont be too happy if they end up living next to one of those!!
Posts: 18 | From: Midlands | Registered: Mar 2006
| IP: Logged |
posted
you tend not to get that much realy i use to go to the ksa border quite a lot from the uae and once in the desert you dont see much,its just trade traffic.any way i just carnt see it , have you seen on the ksa side its all montains, the cross at the top end of saudai is full of bandits use to lose truucks there all the time.and then use to get strange phone calls from the police. oh we found your truck give us some money and you can have it back, i use to foreget who was the police and who was the bandits nope keep the bridge just an idea
Posts: 1344 | From: uk/ | Registered: Mar 2006
| IP: Logged |
posted
The bridge it is said will be paid for by a business man from ksa, a Japanese company will build it, and when you want to cross you will have to pay and the money will go back to the Business man in KSA.
But we will see nothing is set in stone, and it will have its good and bad advantages.
-------------------- Do you think I look like George Clooney!!! Posts: 155 | From: Eeeegggyyypppttt | Registered: Apr 2006
| IP: Logged |
posted
Wonder if anyone has any views on the following- I have looked at 2 sites in Nabq promoted by Sharm realestate (Tarek el Saadi),
Both look ok, prices seem reasonable - £40000.00 for a 2 bedroom apartment, THEN you count the addons - No a/c no water heating, no kitchens furniture package up to £5000.00, lawyers £550 ans then maintainence charges - as most blocks will be either 3x2 or 6x1 or combo these charges seem quite high to me.
If you are not in the fortunate position to spend 3 months at a time in Sharm, I am wondering to forget all the hassle and spend 3 weeks each year and stay inan upmarket hotel.
Stayed in Taba several times and now always get upgraded to suite (foc) as a "returning guest".
Posts: 97 | Registered: Nov 2005
| IP: Logged |
posted
Des just out of interest what sort of additional facilities will you get in terms of swimming pools, restaurants, healthclub etc is all that going to be included.
I think you have got a very valid point about avoiding all the hassle if you just want 3 weeks holidays each year. You get fantastic facilities in the upmarket hotels.
Posts: 3809 | From: Paradise | Registered: Mar 2003
| IP: Logged |
posted
Not sure, Penny, at the Sierra there are 7 pools on the plans, but I have seen two plans for the same development.
Stayed at the Savoy - Shark's Bay last time, for a week excellent, did't cost much more then flights only (redseaflights) - just don't know.
On the other hand if I was moving permantly then I would be looking at a villa - but then you're talking big bucks!
Posts: 97 | Registered: Nov 2005
| IP: Logged |
posted
you can only go to the KSA direct from your own country as for paying dont know how that will work,who would trust who to collect the money. des building cost are dirt cheap out there if you want i will ask about land for you but where abouts near the sea will cost more there is land near the round about as you go in to nabqa i think its across from a british agents place meet a guy there who could get the land and he built a nice villa there ,not including land its about 1300 le for good finish
Posts: 1344 | From: uk/ | Registered: Mar 2006
| IP: Logged |
posted
Mac, was up in Dahab Dec - looked at some land right on the beach - guy was trying to tell me the price was £270 per sqm - yes, I might look stupid Posts: 97 | Registered: Nov 2005
| IP: Logged |
posted
well u know where mine is as you was there with my friend the price was120k for 11oo sqr mtr ,but now next door is asking 400k for less land,and Was offered 320k but turned it down i was pleased as when i brought, the local was then offered 30k more than i paid and this is GBP
Posts: 1344 | From: uk/ | Registered: Mar 2006
| IP: Logged |
posted
Because I am not an agent, I am in marketing only. POSTED BY NINA YOUNG AT EUROSHARM AGENTS . please explain this as many of my friends now await your calls emails about all the questions put to you again is your pc broke or just avoiding us i think there is one guy on here i as i look back is also waiting too this sort of ill response is just the sort of things this forum has high lighted
-------------------- hi Posts: 11 | From: uk | Registered: Apr 2006
| IP: Logged |
posted
I am sorry to hear what you are saying, but I am not delaying, I have not received any emails recently, from clients, with numerous questions, or anyother, the ones that I have received I am answering as soon as I get them, so if you do know anyone, or you are someone waiting for a response, send me your questions and I will be most happy to answer them.
-------------------- Do you think I look like George Clooney!!! Posts: 155 | From: Eeeegggyyypppttt | Registered: Apr 2006
| IP: Logged |
posted
the emails i sent on the 5 6 7 april you did not receive i resent on the 13 april..still awaiting a reply
Posts: 85 | From: Egypt | Registered: Apr 2006
| IP: Logged |
posted
they are all going to young@eurosharm.net this is where all my previously sent emails you replied to went
Posts: 85 | From: Egypt | Registered: Apr 2006
| IP: Logged |
UBBFriend: Email this page to someone!
![[Eek!]](eek.gif)
![[Confused]](confused.gif)
nope keep the bridge just an idea
![[Mad]](mad.gif)
Printer-friendly view of this topic