Overview
Entities or entrepreneurs who have a commercial Emphyteutical concession with the Lands Authority that will expire after the 31st August 2025 are now able to apply for an extension of up to 65-years.
What you'll get
Beneficiary may obtain a concession for Government property to be used for a major industrial/commercial project. Applications are subject to approval.
Eligibility
Applicant interested in the Extension of Temporary Emphyteusis in a Contract for a Commercial Premises Transferred from the Government, the Lands Authority or Ecclesiastical Entities by Title of Emphyteusis Regulations, 2020 in terms of Legal Notice 369 of 2020
How to apply
Timeline
Submission of Application
Vetting of Application
30 days
Assessment of Application
180 days
Approval of Application
3 months