Quote:
Originally Posted by queenie40something
Hi I took my passport along and opened up 2 bank accounts very easily. 1 in LE and 1 in Sterling. I have a residents visa in my passport so dont know if that made it easier. There are so many banks so you should shop around. HSBC tend to ask for a certain amount to be kept in the account. Sharm now has a Barclays.
I agree ref Lawyers and get one that has been recommended. My lawyer is Zeiad who has contributed to this forum and I cannot recommend him highly enough but there are probably many that can recommend someone in Hurghada.
Rental is a personal thing. I will not be using the hotel management company as the returns are so low and they tend to have various stipulations such as purchasing their expensive furnitute packs and you only getting to use your apartment for X amount of weeks per year. I will be looking at privately renting if I go down this route via advertising on a website and employing a local firm to organise the change overs.
You are not the only one that is ' scared to death ' and it will be a learning process for many of us. We will learn by our mistakes no doubt!!
Good luck with your investment
Alison
|
Thank you very much very helpful, I will keep that in mind regarding the furniture packs thats another thing we can look at while we are out there. I thought as much regarding the rental and the low return. Do you have to use a lawyer based in egypt? would you mind pm me the contact deals of this guy or a website address that would be a great help.
Lets hope the mistakes are few and far between!
K.