The accumulation of thousands of files in the two real estate registries, Setif in the north and El Eulma, imposes a heavy reality on citizens, notaries, and investors, after the deadlines for drafting and delivering contracts have exceeded several years in many cases, in a situation that professionals describe as one of the most dangerous administrative imbalances with a direct impact on the local and national economy. The real estate contract, which is supposed to be a document for organizing ownership and protecting rights, has turned for many families into a deferred dream, and a simple administrative procedure into a long process that consumes time and nerves and freezes funds. Field data circulated among professionals and partners reveal a worrying situation in Setif province in the north, where matching estimates from within the sector indicate...
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Algeria - The General Directorate of Taxes announced today, Sunday, in a statement, the extension of the deadlines for subscribing and submitting a number of tax declarations for taxpayers subject to the real profit system and the single flat-rate tax system, in order to enable them to meet their tax obligations under the best conditions.
Verification of sanctions lists and individuals and terrorist entities within a mandatory 24-hour passage through banking channels for all real estate transactions, allocating more than 20 percent of the chamber's budget to enhance oversight, inspecting all notary offices nationwide in four oversight rounds. Abdel Salam Boujmaline, Vice President of the National Chamber of Notaries, reveals in an exclusive interview with “Echorouk” the behind-the-scenes of the battle Algeria fought to exit the gray list of the Financial Action Task Force “GAFI”, and the role notaries played in achieving this accomplishment, confirming that this gain paves the way for removing Algeria from the European Union's blacklist, which would enhance investor confidence and facilitate transactions.
News Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.