The Strategic Initiatives Agency has prepared its road map for simplifying real estate deals and cadastral plan registration, and the result will be presented to the government in mid-October, an Economic Development Ministry department head announced.
In the World Bank's Doing Business rankings, Russia rated 45th out of 183 for real estate deals. The country has set a goal of moving up to 11th place by 2018.
According to the bank, a typical real estate deal in Moscow takes 43 days to register and costs 0.2 percent of the property value.
The quality of service at the Federal Registration Service is low, the ministry said, and that is exacerbated by lines, unjustified refusals and corruption.
The road map aims to reduce the number of procedures to register a deal from five to one, allow deals to be registered remotely, and promote the use of electronic documents, a Strategic Initiatives Agency official said, adding that by 2020, 70 percent of registrations should be done via the Internet, as opposed to 5 percent now.
The road map stipulates that where possible, government agencies will deal with each other to process paperwork rather than force applicants to shoulder the burden, as is the case now.
Document submission at the registration office will take only 10 minutes, versus the current average time of one hour, and it will be possible to make an appointment one day in advance.
Related articles:
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.