Minimum Rental Periods
The minimum rental agreement period is typically 1 year.
Required Documents for Signing a Lease
There are no set standards for required documentation to sign a lease.
Standard Security Deposit
The security deposit is equivalent to 1 months’ rent.
Local Norm for Returning the Security Deposit
The security deposit is returned after completion of inspection. The landlord will retain from the security deposit penalties and amounts for any necessary repairs.
Should you utilize the services of a real estate agent to help you in your search, agencies usually collect rental commission equal to 1 months’ rent.
Payment of Rental Commission
Payment of the agent’s rental commission is typically split between the tenant and landlord.
Accepted Method of Payment
Wire transfer, check, and cash are acceptable methods of payment.
When moving to Egypt you may want or need to establish residency. Requirements may include obtaining a work and residency permit.
It is advisable to connect with a local expert to identify any additional requirements and advise on support available to assist in meeting the local requirements.
Typical documentation required to obtain a driver’s license include:
• Valid passport
• Original driver’s license
• 4 passport sized identity photos
• Health certificate issued by an Egyptian doctor, proving you are fit to drive
Foreigners with a license issued in English can drive in Egypt short term. Within six months of arrival you must obtain an Egyptian Driver’s license.
In order to open a bank account, you may be asked for:
• Work permit
• Proof of address
Typically opening a bank account can be completed in 2 days.