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Housing Ministry launches e-wallets for foreign firms
The Ministry of Housing, Utilities, and Urban Communities has announced the activation of the electronic wallet system for registered companies on the Foreign Investment Portal, starting from September 17, 2026. This aims to improve mechanisms for handling financial transfers and to accelerate the approval processes for transferred amounts. Companies are required to fund their electronic wallets using the SWIFT system before October 31, 2026, in order to execute upcoming real estate offering operations beginning in November 2026. It is also emphasized that each company must use its specific code to ensure there are no delays or issues in approving the transfers. This step aims to organize and facilitate financial processes and to enhance the efficiency of the foreign investment system in the real estate sector.
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