Lawyers, Bank Accounts, Making A Will - Page 2

CheshireCat · #11 18-02-2008, 03:10 PM

Thanks for all the quick info.
I would be really grateful for contact details for reliable property lawyers for/in Egypt.
I have recently stumbled over a developement in Hurghada, called Pyramids 2.
The developer is One Stop Overseas Construction.
Has anyone heard of this development or developer before?

queenie40something · #12 18-02-2008, 03:35 PM

Hi I have PM'd you Zeiads email address.

awahee123 · #13 18-02-2008, 04:53 PM

Quote:

Originally Posted by CheshireCat

Thanks for all the quick info.
I would be really grateful for contact details for reliable property lawyers for/in Egypt.
I have recently stumbled over a developement in Hurghada, called Pyramids 2.
The developer is One Stop Overseas Construction.
Has anyone heard of this development or developer before?

Hi,

I'm not 100% so please do check, but isn't pyramids 2 being marketed by a British developer?. I'm sure I have come across this development before
Try a search engine,please do put some further information regarding this development on the forum,location etc would be good.

egypt · #14 18-02-2008, 05:51 PM

I recently opened up 2 accounts in Egypt one in Sterling and other in LE also with HSBC. No information required just passport (I don't have residence stamp in it).

They do ask if you own a place though which I have in Regency Towers so not sure if this makes the difference

In terms of Lawyers, I would be careful who you use and would not like to recommend one because we have encountered a few probs along the way.

coco · #15 19-02-2008, 12:13 AM

Quote:

Originally Posted by egypt

I recently opened up 2 accounts in Egypt one in Sterling and other in LE also with HSBC. No information required just passport (I don't have residence stamp in it).

They do ask if you own a place though which I have in Regency Towers so not sure if this makes the difference

In terms of Lawyers, I would be careful who you use and would not like to recommend one because we have encountered a few probs along the way.

thanks for that egypt was a bit concerned about the bank account.
Cheers.

WESTMIDS33 · #16 19-02-2008, 12:35 AM

Quote:

Originally Posted by egypt

I recently opened up 2 accounts in Egypt one in Sterling and other in LE also with HSBC. No information required just passport (I don't have residence stamp in it).

They do ask if you own a place though which I have in Regency Towers so not sure if this makes the difference

In terms of Lawyers, I would be careful who you use and would not like to recommend one because we have encountered a few probs along the way.

Hi

Its a shame but it looks like the lawyers in Egypt see us coming and triple the prices. The other difficulty is that it is hard to find an independent lawyer to argue your case against developers in Hurghada. They all seem to be linked to each other. My advice would be to look further afield to Cairo where there are more lawyers to choose from and more independent.

Regards

Westmids33

egypt · #17 19-02-2008, 10:29 AM

Yes I agree with West Mids. They do see you coming and most are connected with the developers so you do wonder who exactly is acting on your behalf.

Awaheel recommended one that was listed on the Embassy website and I understand his costs are around £400.

In terms of furniture packs I would source your own furnishings as you can get much more for your money this way and it really is not difficult to find some decent stuff.

Jeremy Sturgess · #18 11-03-2008, 08:30 PM

Quote:

Originally Posted by coco

Hi there this is my very first post although i have been reading this forum every day for a few weeks, I'm so glad i stumbled upon it during the search for our very first overseas investment.

Myself and my husband have decided to invest in Regency Beach and are hoping to fly out for the official launch in March. I was hoping to do as much paperworky type stuff as possible while out there can anyone please tell me what is needed for a non-resident to open a bank account i.e. what details and documents they will require, and maybe advise as to who is the best bank.

We also would like advice on rental agencies whether its just best to stick with the offer from the developer indeed if there is one! or to source our own agency.

Lawyers thats another one I'm so cautious and reluctant to use a "recommended" lawyer unless from independent parties such as yourselves who have no vested interest in the developer/agency.

any advice or opinions would be gratefully accepted because i'm such a wimp and dont mind telling you i'm scared to death! This is a whole new ball game to us and i'm now wondering should we stick with Bulgaria simply because its now EU Territory although the reports are not great with regards to re-sale.

Many thanks guys!

for lawyers i would recommend Sara Hinton or Tim Armsby at Trowers Hamlins in Cairo. Sara is the egypt senior partner of this london based firm whove had an office in cairo for several years. ive used her and tim for some of my stuff and they are friendly and good and not overly expensive. Sara owns a house in el Gouna so shes knows her way around these things and i found her very comforting when i bought my place in gouna. tel +20227357332

taylorka · #19 13-03-2008, 10:32 PM

Hi
I am buying a place in Regency Beach and the Agents have given my details to Legal Alliances Worldwide. Do we have to use these solictors? They seem to be charging alot compared to what is being quoted here.
Do i have to use these solicitors? I am confused as this is our first overseas property purchase.
Regards
Karen

RedSeaVision.com · #20 16-03-2008, 01:09 AM

I opened a bank account in Hurghada at HSBC with no problems at all. They asked me nothing. I only had to deposit 600 USD, and show my passport. I was not asked if I own property there.