How to make the registration of property more efficient to Essay

How to make the registration of property more efficient to entrepreneurs in Beirut Lebanon - Essay Example Currently, there exist lengthy procedures in obtaining license for property and businesses making registration process more difficult. The government of Lebanon can make registration process more effective and faster by minimizing the procedures involved in acquiring licenses for property. License acquisition is an imperative step in registration of property and if the government of Lebanon can minimize its process as aforementioned, it would have an efficient and reliable legal system. Moreover, Lebanese government should eliminate the current tradition of delaying licensing of property amongst registration authorities. Eliminating the delays would directly result into reduction of the days needed for obtaining property license. Consequently, Lebanon property registration process would be more efficient and reliable. It is imperious to understand that high taxes levied on government legislation process directly contribute to its inefficiency. Lebanese government authorities that directly engage in property registration process including tax authority and land registry should significantly lower registration fees to increase efficiency of the processes. Lowering property registration fees would also attract more entrepreneurs (World Bank Group 1). The most amicable property registration process prides in free corruption and embezzlement of funds. Apparently, property registration process in Lebanon has remained inefficient and expensive to entrepreneurs due to constant corruption and mismanagement of funds buy Lebanese land registry and tax authority (Haidar 1). Lebanese government should establish fundamental strategies that would aim at eliminating corruption within the property registration system to make the process more accessible, efficient, and inexpensive. Haidar, Jamal Ibrahim. Business Regulations In Lebanon: Where Are We? Where Do We Go Now?. August 1, 2013. Web. November 22, 2014. Accessed