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	<title>International Property Buying Process &#187; Cote d&#8217;Ivoire</title>
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		<title>Process of Registering and Buying Property in Cote d&#8217;Ivoire</title>
		<link>http://www.buying-process.com/buying-property-in-cote-divoire/process-of-registering-and-buying-property-in-cote-divoire/</link>
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		<pubDate>Fri, 14 Nov 2008 11:49:01 +0000</pubDate>
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				<category><![CDATA[Cote d'Ivoire]]></category>
		<category><![CDATA[buyers' guide Cote d'Ivoire]]></category>
		<category><![CDATA[buying real estate in Cote d'Ivoire]]></category>
		<category><![CDATA[Cote d'Ivoire property law]]></category>
		<category><![CDATA[Cote d'Ivoire real estate law]]></category>
		<category><![CDATA[registering property in Cote d'Ivoire]]></category>

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		<description><![CDATA[Step 1: The notary solicits the real estate rights record before the Services de la Conservation Foncière
Completion Time Frame: 10 days (simultaneous with procedures 2 and 3)
Completion Costs: 3,000 FCFA + 1.7 to 2.7% property value (notary fees)
Points to Note:
The notary will usually perform the entire process on behalf of the parties and charge them [...]]]></description>
			<content:encoded><![CDATA[<h3>Step 1: The notary solicits the real estate rights record before the Services de la Conservation Foncière</h3>
<p><strong>Completion Time Frame:</strong> 10 days (simultaneous with procedures 2 and 3)<br />
<strong>Completion Costs:</strong> 3,000 FCFA + 1.7 to 2.7% property value (notary fees)<br />
<strong>Points to Note:</strong><br />
The notary will usually perform the entire process on behalf of the parties and charge them between 16% and 17% property value including his fees as well as all necessary taxes and fees during the process. The taxes and fees alone would cost approximately 14.3% property value, hence the 1.7 &#8211; 2.7% fees calculation.</p>
<hr />
<h3>Step 2: The notary obtains a tax clearance</h3>
<p><strong>Completion Time Frame:</strong> 2-4 days (simultaneous with procedures 1 and 3)<br />
<strong>Completion Costs:</strong> 5000 FCFA<br />
<strong>Points to Note:</strong><br />
The notary should obtain a tax clearance on the property stating that all property taxes related to it have been paid. He can execute the contract on behalf of the parties without the clearance, but must obtain it within one month.</p>
<hr />
<h3>Step 3: Obtain a Location Certificate</h3>
<p><strong>Completion Time Frame:</strong> 3 days (simultaneous with procedures 1 and 2)<br />
<strong>Completion Costs:</strong> 100,000 FCFA<br />
<strong>Points to Note:</strong><br />
According to the Law, article 36 of the Loi de Finances of 2002-156 du 15 mars 2002, it is required to obtain a Location Certificate</p>
<hr />
<h3>Step 4: Notary drafts the sale agreement</h3>
<p><strong>Completion Time Frame:</strong> 10 days (variable)<br />
<strong>Completion Costs:</strong> no cost (honoraria of the notary)<br />
<strong>Points to Note:</strong></p>
<hr />
<h3>Step 5: Deposit the sale agreement for registration at the local tax authorities</h3>
<p><strong>Completion Time Frame:</strong> 10 days<br />
<strong>Completion Costs:</strong> 10% property value (proportional registration fees)<br />
<strong>Points to Note:</strong></p>
<hr />
<h3>Step 6: Register the transfer at the Land Registry &#8220;Administration de la Conservation Fonciere et du Cadastre&#8221;</h3>
<p><strong>Completion Time Frame:</strong> 32 days<br />
<strong>Completion Costs:</strong> 15000 FCFA (new property certificate) + 1.2% (transfer tax + salaire du conservateur)<br />
<strong>Points to Note:</strong></p>
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