Over the past month, property transfer delay reduced to 7 days average

Economic governance
Wednesday, 23 January 2019 10:55
Over the past month, property transfer delay reduced to 7 days average

(Togo First) - From December 13, 2018, to January 15, 2019, average delay for property transfer in Togo was seven days, from nine days previously, a note from the tax commissioner office reveals.

The delay period starts from submission of transfer demand.

The improvement aligns with the country’s efforts to better its business environment. Actually, other reforms implemented in this framework include: creating a single desk for property transfer and the dematerialization of land titles enabling investors and the people rapidly get their deeds.

Most of all, the improvements allow business owners to get bank loans mortgaging their lands when required.

Togo let’s recall soared in the Doing Business ranking, from the 182nd position in 2018, to the 127th position in 2019.

Séna Akoda

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