General info about Property in Hurghada ?
Is it Freehold?
Yes, Hurghada offers properties with freehold ownership
Can I have big apartment?
Yes its always possible to make 2 Bedroom with 2 bathrooms and 2 Balconies, also 3 bedroom are available
What is the annual maintenance fee
The annual maintenance fee is the money paid from the buyers to the developer to maintain the development common area( Swimming pools , corridors, landscape, elevators and paying the salaries to the security and employees)
Can I get Residence Vise in Egypt?
Yes, you can have 6 month residence visa in Hurghada.
Can I open bank account ?
Yes. Last years we have helped many of our clients to open a personal bank account in Hurghada, Egypt. In this post we will share our experience with you to let you know about how to open a bank account in Egypt.
What you need to open your account
1- Original passport including minimum 1 month residence visa
The residence visa will be given to you from the passport office in Hurghada, some of the banks allow you to open your account with 1 month visa.
2- Proof of income
Either you are still working and getting you salary from your job or you are retired , the Egyptian bank will ask you for a proof of income with a bank statement for the last 3 month from you country bank .
3- Your home bills
Will be helpful to have to show the bank that you the bank the last 3 moth home bills ( Electricity, water bills )
4- Address in Egypt ( Purchase contract or Rental contract ) All banks will ask about Egyptian address
As soon all documents are in place and the bank application is filled with the needed info , the bank customer service will give you your bank account number , then you will make your first deposit in your account ( amount will be 4000 L.E = 200 Euros )
Benefits from opening an Egyptian Bank account
1- Great annual interest up to 20% from the saving of Egyptian pound
2- you can ask for debit card to pay in shops, restaurants and supermarkets
3- Some of the banks will use the same account for all currencies
We are here to help you for further assistance you can reach us here
Can I rent my apartment?
Yes , We offer Rental system , management, Furniture and key holding service