Real estate and the promotion of investment in Tunisia

Details

Published: June 23, 2023

A one-day conference took place in Tunis on 30 May, 2023 to discuss the role of the Tunisian land registry in the purchase of real estate, organised by IRZ and the Tunisian Chamber of Notaries. Approx. 100 notaries and other legal practitioners met to explore a range of notarial aspects regarding the promotion of investment in the real estate sector.

The Tunisian land registry as a guarantor for investments

The conference was opened by Minister of State Properties and Land Affairs, Mohamed Rekik, who discussed the central role of real estate to encourage investment and the respective importance of the land registry. After the welcome address, the other contributions discussed notarial certification as a basis and guarantor for the promotion of investment, real estate jurisdiction and transaction security. The theme of the afternoon presentations was how to combat money laundering associated with the purchase of real estate and various taxes that can, and should, encourage investments.

In addition to the Tunisian experts, Mr. Wadii Rhouma (President of the Land Registry), Mr. Jaafer Rebaoui (Advisor to the Court of Cassation and Vice President of the Centre for Land Law and Urban Planning in Tunis), Mr. Kamel ben Mansour (Notary), Mr. Abdessalam Ben Hamouda (Tunisian Commission for Financial Analyses) and Mrs. Nour Alhouda Abid (Directorate General for Studies and Tax Legislation), Mrs. Monika Thull (notary public) as a representative from the Federal Chamber of Notaries and Mr. Harald Wilsch (District Auditor IV for Land Registry Affairs at the Munich District Court) also attended online to provide insights into the German land registry system. M. Thull spoke about notarial certification for real estate transactions in the German system and Mr. Wilsch explained transaction security for real estate investment in the German land registry procedure.

The development of the land registry in Tunisia

The conference was well attended with a great deal of lively participation. In particular, the lectures, which fundamentally tackled the theme of the land registry and real estate as the subject of investments, provoked some fascinating debates, which emphasised the need for ongoing discussion within the framework of meetings or conferences. We are planning a further event for the Tunisian judiciary for real estate courts.