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تقييم الخدمة

Write-off at the request of the real estate broker and refund the insurance

Service description

  • Write-off at the request of the real estate broker in accordance with Law 120 /1982
  • Refund of insurance after write-off at the request of the real estate broker

Place of service

  • Authority branches in Maarouf - Sixth of October - Tenth of Ramadan - Alexandria - Port Said - Damietta - Suez - Sharkia - Menoufia - Ismailia
  • Arish-Tanta Investor Services Complex in the Investment Authority
  • Chambers of Commerce (Alexandria - Kafr El Sheikh - Tanta - Damanhour - Sohag - Arish)

Write-off documents at the request of the real estate broker and refund the insurance

  1. The original form of the request for writing off and refunding the insurance signed in front of the competent employee, or a valid signature of the bank by the person concerned, or who has the right to manage and sign, or signed by his legal representative if this is expressly stated by the power of attorney
  2. A copy of the national ID card or passport of the applicant and the original for viewing
  3. Bring all copies of valid real estate brokers record cards issued to the facility / company
     Or a police report for their loss or the loss of any of them
  4. In the event of a specific tax, bring proof of its payment to the Tax Authority
  5. A letter from the bank with the account number to which the insurance will be transferred
    • The account is in a bank approved by the electronic payment system of the Ministry of Finance
    • And in the name of the same company or establishment in whose name the insurance is issued in the file
      If the applicant for delisting is an agent of the establishment or company, he shall submit
  6.  A copy of a notarized power of attorney from the real estate registry and the original for review, explicitly explaining the required service (and even a second power of attorney is accepted)
  7. Acknowledgment of the validity of the power of attorney signed by the agent

Write-off procedures at the request of the real estate broker and refund the insurance

  1. Reserving an appointment through the Authority’s website (in case the application is submitted in MAROUF, October, or the Investor Services Complex at the Investment Authority)
  2. Submitting the required documents in accordance with Law 120 /1982
  3. Check and review documents
  4. Preparing and approving a write-off note
  5. Issuance of the final cancellation decision and its registration
  6. Registering an insurance refund request
  7. Preparing the insurance recovery file
  8. Send the insurance refund request and attachments to the Financial Affairs for review
  9. Financial and technical review of the application and attachments
  10. Completing the financial cycle to recover the insurance and transfer the amount to the customer's account

Important Notes

  1. To obtain application forms and declarations from the GOEICs website
  2. To find out the steps for booking an appointment through the GOEIC’s website, please enter the following link
  3. It takes into account the placement of the stamp with 1 pound and the stamp of resource development on the power of attorney
  4. Only a second agent is accepted and does not accept delegation dealings in the Real Estate Brokers Register
  5. If the person concerned or who has the right to manage and sign outside the country and delegate his legal representative to submit an application for obtaining the service at the authority, the power of attorney issued by a foreign authority must be certified by the Egyptian embassy or consulate abroad and deposited in the real estate registry in Egypt
  6. You can call the call center 19591 or visit the customer Service Office at the airport
    • To inquire about the issuance of the cancellation decision
    • Ensure that the account number to which the insurance will be transferred is approved by the electronic payment system of the Ministry of Finance
  7. To obtain a certificate stating that the facility or company has been written off, you can request a data certificate with a MAROUF
  8. The establishment/company may not be re-registered except after the cancellation decision has been issued and registered on the system
  9. If the authority has not been notified of any amendment to the contract data within 30 days from the date of documenting the amendment contract, the following measures shall be taken in accordance with Article 21 of Law 1982/120.
    • The facility's right to insurance has been forfeited
    • The Authority shall notify the establishment of the forfeiture of its right to insurance by registered letter with acknowledgment of receipt at its last address of which the Authority was notified
    • The facility shall pay double insurance within thirty days from the date of its notification of the forfeiture of its right to insurance
    • In the event of a repetition of the violation, the registration shall be canceled by a decision of the Minister of Economy and the right to recover the double insurance shall be forfeited, and the mediator shall have the right to recover the double insurance if he does not repeat the violation.
  10. Violations in which the broker’s occurrence results in the issuance of a judgment or decision canceling the registration and the forfeiture of the right to recover the insurance
  11. According to Articles 16-17-18 or Articles 21-22 of Law 120/1982
  12. Re-registration of the interrupted broker by a decision of the competent minister in accordance with Articles 21/22 of the law after five years have passed from the date of cancellation
  13. Crossing out the registration in the brokers register leads to a ban on the tax card. In the event that any other activity continues in the tax card (other than real estate brokerage), you can contact the call center 19591 or visit the customer Service Office at the airport
Publish Date 27/03/2022 01:39 PM
Last Update 04/07/2022 01:31 PM
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