Property Registration

Obtain tax clearance from Inland Revenue

Agency: Inland Revenue

There are no costs involved unless there are unpaid taxes for the concerned building and other buildings owned by the owner.

Time and cost: 7 days, ERN 15

Obtain non-objection from Commercial bank

Agency: Commercial Bank of Eritrea

There are only two banks in Eritrea and as part of due diligence, a non-objection clearance is obtained from both of them to show that there are no outstanding loans or other credits on the property.

Time and cost: 1 day, ERN 50

Obtain non-objection clearance for unpaid loans from housing and commercial bank

Agency: Housing and commercial bank

Time and cost: 1 day, ERN 20

Obtain a tax clearance from the Municipality

Agency: Municipality

This is also part of the due diligence. The seller will provide proof that there are no outstanding property taxes

Time and cost: 1 day, ERN 50 (25 ERN (1-5 days), 50 ERN (express 1 day))

Obtain non-encumbrance certificate from the Cadastral Office

Agency: Cadastral Office

The clearance secures that the property is free from any mortgage and pledge.

Time and cost: 1 day, ERN 15

Submit all registration documents and clearances to the Notary Public and define tax to be paid

Agency: Notary public office

The Public Notary examines all the documents thoroughly, with all the clearances and delivers the documents, particularly the previous survey plan, to the Department of Infrastructure for new plan (from the previous owner to the new owner).

Time and cost: 1 day, no charge

Creates a map of land

Agency: Dept. of Infrastructure

The Department of Urban Development of the Ministry of Public Works prepares a map and ensures compliance with all building regulations. The Department of Infrastructure sends the new map to the Public Notary, and the Public Notary, based on the declared price of agreement or on the recorded value in the computer (database), orders the buyer or any beneficiary to pay transfer taxes at the Municipality and at the Inland Revenue.

Time and cost: 60 days, no charge

Buyer pays tax at Municipality

Agency: Municipality

The buyer pays the necessary tax at the Municipality.

Time and cost: 1 day, ERN 40,081.19 (5% for Municipality)

Buyer pays tax at Inland Revenue

Agency: Inland Revenue

The buyer pays the necessary tax at the Inland Revenue.

Time and cost: 1 day, ERN 32,064.95 (4% of property value as valuated by committee)

The Public Notary approved the contract in front of the parties and two witnesses

Agency: Notary public office

The Public Notary reads the content of the contract in front of the parties and witnesses. All parties must give their own free will for the contract to be effective. The Notary duly monitors the documents particularly whether the transfer payment is fully paid or not, and sends all the relevant documents to the Cadastral Office.

Time and cost: 1 day, included in the 9% of property value

Submit registration of title at the Cadastre

Agency: Cadastral Office

At this point in the process the buyer obtains full possession of the title. They give copies of the title to the Cadastre and the Municipality.

Time and cost: 7 days, ERN 150