Egypt Country Profile

Land Administration

Business Corruption

According to the World Bank & IFC Doing Business 2010, the cost involved in registering property is very low in Egypt, both in comparison to MENA regional and OECD averages. On the other hand, registering property is very time-consuming, taking twice as long as the regional average. In this regard, companies should note that a cumbersome bureaucracy often gives rise to demands for so-called 'speed payments'.

Frequency

The World Bank & IFC: Doing Business 2010:
- Registering property takes 7 procedures, can last an average of 72 days and amounts to 1% of the property value.

World Economic Forum: The Global Competitiveness Report 2009-2010:
- Business executives give the protection of property rights in Egypt, including financial assets, a score of 4.4 on a 7-point scale (1 being 'very weak' and 7 'very strong').