Regulatory Alerts2016-01-01
Board of Directors Decision No. 81 of 2016 Regarding Conditions and Procedures for Registration of Non-Egyptian Natural Persons in the FRA Real Estate Valuation Experts List
The Egyptian Financial Regulatory Authority (FRA) issued Board Decision No. 81 of 2016 to establish the eligibility criteria and documentation requirements for registering non-Egyptian natural persons on its Real Estate Valuation Experts List. The decision mandates that applicants hold a relevant higher education degree, a professional valuation certification from an FRA-approved institution, a valid foreign appraisal license, and at least ten years of experience in a jurisdiction with advanced valuation practices. Additionally, applicants must pass an FRA-administered examination, provide authenticated academic, professional, criminal, and financial records, maintain valid Egyptian residency and work permits, and commit to complying with Egyptian real estate registration laws to secure and maintain their registration.