In application of the legislation and regulations in force, the law allows any Tunisian or non-Tunisian to acquire property in Tunisia.

Through our lawyers, the purchase procedure in Tunisia is as follows:

1. GENERAL

Signature of the promise of sale: Before the payment of the deposit by the purchaser, a promise of sale must be written. GST Real Estate designates you a lawyer who takes charge of this step and delivers to the buyer a promise which must include:

Copy of the property of the land, the land title number, if applicable

 The date of approval of the subdivision for the lands to be developed or the date and number of the order authorizing the construction with respect to the sale of buildings to be constructed

The price and terms of payment

Payment due from different installments

Late penalties

The guarantee of the good execution of works

Signature of the contract of sale: The contract of purchase of a good will be signed (legalized signature) by the two parts and registered according to the law in force and for information, the enjoyment of the good or the keys will be postponed after the total payment of the sale of the real estate.

A / People of Tunisian nationality:

For people of Tunisian nationality, the sales contracts are realized simply through a promise to sell and a final act or directly by a final act, there is no particular step to accomplish.

B / Foreign nationals:

For persons of foreign nationality, an administrative authorization, called "Authorization of the Governor", must be submitted to the Governorate (local authority) of the region where the property is located to obtain the said authorization.

Any foreign person may acquire real estate subject to obtaining this authorization, which represents a condition of validity for the signing of the final sales contract.

This authorization is not mandatory in case of resale.

2- REGULATION

Agricultural land can not be sold to foreigners regardless of the reason for the purchase.

Foreign nationals can not exploit agricultural land, through renting only. If the land is in the urban development plan of the cities, it is used for housing, if on the contrary, the land is not part of this development plan, it is deemed agricultural and it is therefore impossible for a stranger to acquire it.

The foreign buyer has an obligation to conclude a promise to sell, a compromise that refers to: the property, its price, the price advance and all identity information of the seller and the buyer.

The law authorizes any foreigner whatever his nationality, to acquire a property in Tunisia in urban and residential areas on the condition of establishing a request for the authorization of the Governorate and

that of the Tunisian Central Bank.

- The delays in obtaining authorization differ according to the governorates.

- Any purchase of real estate by a foreigner is compulsorily subject to authorization by the Central Bank of Tunisia, in accordance with foreign exchange legislation. It suits :

To open a non-resident account in currencies or convertible dinars, in the bank of their choice and in correspondence with their banking establishment.

To import the currencies intended to settle the deposit then the price of purchase.

To ask his bank to provide an investment sheet specifying that funds from abroad are intended for the acquisition of real estate, It is necessary to obtain this investment sheet from his bank in the 48 hours after the transfer of funds. In the event that he can not obtain it, the purchaser must obtain a certificate from the bank stating all these details.

- This promise is indispensable to the filing of the file, it is obligatorily written by a lawyer or a notary. This document is proof of the payment of the deposit.

- An article of this promise must include a clause that allows to recover all or part of the sums paid during the promise of sale in case of refusal of the Governor (The refusal is exceptional).

- The seller agrees in the promise of sale not to sell his property to another

person than the foreign buyer as long as the authorization is not issued, so he will lose sales opportunities and he may ask to keep a set amount on the deposit paid.

- This indemnity must be fixed during the drafting of the promise of sale.

- No legislation exists on the advance to be paid on the promise of sale.

- Any foreigner must ask the Bank who will pay the down payment, an investment sheet that

will repatriate the investment in case of resale.

1st step: Promise of sale

- Private or authentic deed signed by a lawyer