Economics

Countries Requiring The Fewest Procedures To Register Property

The property registration process is minimal in many nations of the European Union and those on the Arabian Peninsula.

Georgia

In Georgia, only a single step is required to register a property. This step involves registering the purchaser's title in the Public Registry of the District. The buyer and the seller must present copies of their identities, the sale and purchase agreement, and the decrepit proof that they have paid the Public Registry registration free to the Georgian National Agency of Public Registry (NAPR). The property registration and transfer documents are then reviewed by officials in NAPR. If everything is fine, the property registration is made official.

Portugal

In Portugal also, only a single procedure is required to register a property which is that the property must be registered at the Real Property Registry. To do this one could register their property transfer at any of the Casa Pronta (one-stop shop) locations in person throughout Portugal. A bank or a real estate agent can also request that a public employee from the Real Property Registry come to them with access to the database to do the property transfer. At the Casa Pronta, a public employee will verify the aspects, legality, and ownership of the registration and also make sure that all taxes in the process have been paid. Once everything is ok, the deed is prepared and submitted, and the property registration process is completed. This processes can also be done online, but the applicant needs a qualified digital certificate and citizens card to be authenticated. The online process is also longer than the offline one as it can take up to a week.

Norway

In Norway too, only one procedure is required to register a property which involves the submission of the application for the transfer of property to the Land Registry. In Norway, you obtain and fill out the form needed to register a property and agree to pay the fees and tax associated with registration once the process is completed. In most cases, the application, a copy of the application, and any associated documents must be sent by mail to the Norwegian Mapping Authority and Land Register. Once sent it takes the Land Registry three days to be entered, reviewed and officially registered before being returned to the person or company who submitted it.

Sweden

Like the other countries mentioned above, property registration in Sweden also involves a single step which is that the original transfer deed, along with one copy of it, must be submitted to the Land Registry with the signatures of the involved parties. The buyer of the property is the one to submit the deed and its copy, with the appropriate signatures from the seller and buyer. Usually, submission is made to the Land Registry through a bank, which handles the fees and taxes involved in the transfer. Once the registration process is over, which takes around two weeks to complete, the parties involved receive a letter as proof of the registration, with a bill for the fees and taxes involved. Payment of said fees and taxes is to be paid within thirty days from the date on the bill.

Bahrain

In Bahrain, there are two steps required to register a property. The first is to notarize the sale agreement with the Ministry of Justice notary under the Survey and Land Registration Bureau. The people involved in buying and selling the property show up at the notary to sign the "sale of purchase" agreement between them. The original title deed that the seller has must also be shown to prove the seller owned the land before selling it. The second procedure is that the new title deed of the land with the buyer's name on it must be presented to the Bureau. After that, the title deed is notarized and registered. Lastly, the buyer must pay the Land and Registration Bureau the necessary fees and taxes.

Belarus

In Belarus, the first step for property registration is to obtain a non-encumbrance certificate from the Minsk City Agency on State Registration and Land Cadastre. Obtaining the non-encumbrance certificate is not legally required to complete property registration but is highly recommended since it has the official information on the buildings and land on the property. Obtain a non-encumbrance certificate usually only takes a day and the associate fee for getting one must be paid. In the second step, the buyer must apply to the Registry to register the sale-purchase agreement and the property title. The appropriate documents must be submitted to the Minsk City Agency on State Registration and Land Cadastre to be registered and the fees involved must also be paid. Once the process is complete, copies of the approved sale purchase agreement are given to both parties involved, and the buyer also gets the official certificate confirming the property transfer.

Oman

In Oman, the first step in property registration is to submit the application for property registration at the Department of Land Registration at the Ministry of Housing. The form of agreement is sent to the department with all of the information required from the buyer and the seller involved. The registration fee is also paid at this point. The application is reviewed and once accepted, the buyer and seller then sign the final agreement before the registrar and must also have two witnesses to view the event. The second and last procedure are that the new title deed for the land is issued to the buyer in two to three weeks.

New Zealand

In New Zealand, the first step in property registration is to obtain a Land Information Memorandum (LIM). The LIM is not legally required in the property registration process, but it is essential in practice to complete a contractual requirement due to all of the information on the building and land of the property that the LIM provides. After an LIM has been obtained the second step is to have the title to the property be registered at Land Information New Zealand (LINZ). This process can be done at a LINZ processing center or done online but only by a licensed lawyer or conveyancer. The buyer of the property will need personal id, a written authority and a signed transfer of the property. The registration fees involved must also be paid and then it takes around ten days to complete the process.

United Arab Emirates (UAE)

In the UAE, in the first step of property registration, both parties involved will submit the application for property registration to the Registration trustee's office. Both parties involved must show up at the Registration trustee's office with the appropriate documents, then they sign a contract, submit their application and pay the associated fee. The second procedure is that the trustee working at the office will officially register the new owner of the land at the Dubai Land Department. The process usually only takes a few hours to complete.

Countries Requiring The Fewest Procedures To Register Property

RankCountryProcedures Required to Register Property
1Georgia1
2Portugal1
3Norway1
4Sweden1
5Bahrain2
6Belarus2
7Oman2
8New Zealand2
9United Arab Emirates2

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