Hi you could make a post about resale in this thread http://www.totallyproperty.com/egypt...resale-11.html and hopefully get some answers. Peter flipped so he may be able to tell you the process.

Hello Zeiad,

I was just woundering if you found anything different after you conversation with the Tax Authorities in regards to stamp duty. And if as you say there is no stamp duty what would you reccomend those of us who have paid it do?

Alot of people including myself have paid 0.6% Stamp duty to the solicitors on the Desert Pearl project in Hurghada?

Many Thanks

Dear All,

Please get informed that the developer of Hania Beach has finally responded, and I am happy for this especially when the other way was a bit longer than the direct response; I received a call from the developer's office in U.K ensuring that the documents will be sent to me as of today, and then I got another call from their lawyer in London, who is a decent gentleman.

Anyway, Now I am waiting for these documents at any moment, and for those who would have been delayed for paying the develper or whatsoever, I believe that now the developer is fully understanding the situation, and that the delay is not caused by any of you, but in fact it is "according to his lawyer" the best practice to wait until every thing is checked precisely and is in the right place.


I will write here again as soon as I get these documents which they've promised that they'll send today. I am hoping every thing will be ok exactly as much as you do, especially when a lot of clients are purchasing there, and this is a good business for me that I don't wanna lose.

All the best,

Zeiad Yehia
Solicitor

Hania Beach Update

Dear All,

Please get informed that I having daily phone conversation with the developer's solicitor in England. Today he told me that if it were not Sunday all the documents would've been on my email. Consequently -he said- the documents will be sent over tomorrow. I just hope you all understand that I am doing my best here, and that I want to see these documents -badly- now.

Of course I will call him tomorrow in the early morning to make sure his promise is fulfilled, and of course I will post here what has happened.

All the best,

Zeiad Yehia
Solicitor

Dear George,

I am already practicing in Hurgada via associates who do business for me in my own way, but I did not yet think of moving physically to Hurgada or opening an office there, byt may be in the future.

Anyway, when I come to Hurgada next time I will PM you beforehand, as it would be a pleasure knowing you in person.

All the best,

Zeiad Yehia
Solicitor

Hi Roger,

I hate to disappoint you, but I used the En-Fr translator on Free Translation and Professional Translation Services from SDL




Zeiad

Dear Ziad please email me as my Pm system not working
Regards
George

Hi. I'm new to this but hoping you can help. Here is my original post

Hi. Help in Hurghada needed.

I am looking for urgent help in a property development in Hurghada of 20 flats that has gone horribly wrong. I will outline the problem and if there is any help or advice I will be eternally grateful

The property is 20 flats in Alahyaa of 350m sq. I am an Investor for extra land in Alahyaa and the English Partner was the original Property developer and did all the deals in Egypt. However, the original Egyptian builder was a con man and we have been dealing with him in the courts for the past year. This is due to come to a conclusion on 20th June.

As part of a deal the Egyptian builder signed over all land and buildings to me and a friend of my English business partner as they were not there. All that is outstanding is £40, 000 from the Egyptian builder (£25,000 Which was my original investment for extra land and £15,000 for another by Sand beach).

To put it simply I now Part Own all the Original Buildings of the original Property Developers, They own nothing but are trying to get the cash from the Egyptian for the other 2 pieces of land from the Builder by the Courts.

The English Partner I have is rather naive and got us all into this trouble however I am now being told that they have a deal to sell the land and buildings for £100, 000.
I take my £25k and skip off into the horizon.

I can’t help but feel I am being conned yet again! I have a sneaking feeling that the land and buildings are worth more and if I do sign over the land and flats, the partner will have the money in their account being the only one with an Egyptian bank account. So I am leaving myself open to be left with absolutely nothing. Also they could end up with the Land, Flats and £40,000 we are claiming from the builder.

I am looking to go out to Hurghada in the next couple of weeks and sort this out myself. I need help opening an Egyptian bank account and maybe a fellow brit to guide me through all the right steps to take. Also maybe someone knows how much it should be worth and can help find a buyer. I just want everything above board, in black and white and not the way my original partner has been doing business. You know met a guy in Ali Baba’s and he knows this other guy etc.


What is the BEst way to sell the flats?
Is there anyone in Hurghada that can help me?

So if anyone can help me, this has been going on 18 months now.

My mail is mgsteveb at hotmail dot com
Tel 01963 250506 or mob 07971 852573.

Thanks for your time

Steve.

Please post any non legal answers eg ones that refer to the bank accounts here http://www.totallyproperty.com/egypt...gencies-6.html

Hi Zeiad, i know you are a very busy man but do you have an answer for this question?

I have spoke to other solicitors and some say there is stamp duty some say not, is it not set by the authorities? Do some developers/builders build it in to the price and pay it on the clients behalf?

Many thanks in advance for your assistance.

__________________
Best, Regards, Neil Hollingsworth
Email - neil@rivermeadglobalproperty.co.uk
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