Deed transfer made easy :: 7 Days
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What you just did was make sure you won’t have to change the deed for your real estate when you sell. ...
Spelling it out then. I set up XYZ Limited in the Turks and Caicos Islands for a lot less money than you may have first thought. Its sole asset is 47 Sandpit Avenue, Dubai and the developer wants to restrict resale, for some reason.
However, I want to sell and you want to buy my house, the aforementioned 47 Sandpit Lane. So I sell you XYZ Limited without any intervention from the developer.
posted by John B. Chilton at 11/27/2005 02:01:00 PM
1 Comments:
After listening to Dubai Eye this morning about what happens to your assets when you die in the UAE, maybe buying your property in an off-shore company is the only way to go to protect your property investment for your next-of-kin and avoiding a major legal battle.
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