D
DAYFox
New Member
Hi All,
I am close to handover for 2 properties. I plan to set up an offshore company which holds the property. One reason for that is to protect myself against the dubai law and to protect my investments.
My question now:
What do I need to do first? When is the best time to transfer my properties to the company? I heard if I do it now before I officially have taken over my properties RERA will aks 2% transfer fee for each property. On the other hand one unconfirmed source told me that if I first regulary take them over, I can do later an Owner-to-Owner transfer (properties which I own to the offshore company I own as well) which is almost free of charge.
Would be great if someone can explain to me in detail!
Looking forward to your responses!
Thank you!!!
I am close to handover for 2 properties. I plan to set up an offshore company which holds the property. One reason for that is to protect myself against the dubai law and to protect my investments.
My question now:
What do I need to do first? When is the best time to transfer my properties to the company? I heard if I do it now before I officially have taken over my properties RERA will aks 2% transfer fee for each property. On the other hand one unconfirmed source told me that if I first regulary take them over, I can do later an Owner-to-Owner transfer (properties which I own to the offshore company I own as well) which is almost free of charge.
Would be great if someone can explain to me in detail!
Looking forward to your responses!
Thank you!!!
