Damascus-Sana
The Presidency of the Council of Ministers issued Resolution No. (28 M and F) requiring the public authorities legally authorized to keep records of ownership of real estate and vehicles of all kinds and to write with justice not to document sales contracts or agencies that include a completed and irrevocable sale before attaching what feels the payment of the price or part of it in the bank account For the owner, his general or private successor, or his legal representative.
According to the decision that SANA received a copy of today, an amount of at least 5 million Syrian pounds must be paid through banking channels for the sale of residential and commercial real estate and vehicles, and an amount of not less than 1 million Syrian pounds must be paid through banking channels for the sale and purchase of lands.
The decision indicated that the amount of 500 thousand Syrian pounds in the accounts used for the aforementioned sales of residential and commercial real estate, lands and vehicles must be frozen for a period of at least three months.
It is noteworthy that Cabinet Resolution No. (5 M and M) shows that in the event of multiple owners (common ownership), the price or part of it can be paid in the account of each of them or in the account of one of them or his public or private successor or his legal representative and when there are multiple buyers Paying the price or part of it from one of them or his representative in the account of one or more owners.
The aforementioned decision states that any natural or legal person, whether he is Syrian, those of his equivalent, or non-Syrian can open a bank account in accordance with the laws and regulations in force, and the operating banks must provide the necessary facilities to open accounts and be limited to the necessary basic documents, while the bank notification document must be accepted, whether it is issued by A public or private bank duly licensed.
Wasim Al-Adawi