Over the years, the United Arab Emirates has earned an incredible reputation for giving a competitive edge to investors. And ever since the focus on providing investors a safe haven, the investment market has been increasing incredibly. And now, it has become an excellent place to start your business or even buy a place to run the one.
These investment markets range from real estate to entrepreneurship, etc. however, each business needs to be done considering the rules and regulations approved by the government of the Emirates. And when it comes to Dubai in particular, the investment market in Dubai is a complete autonomous formulation of its own laws and regulations. Moreover, if you are a potential investor, you must also know that there are two legal systems in the UAE. The first is the federal level legal system, while the other is the Emirate level legal system.
But as an investor, if you genuinely want to make good money and that too in a substantial way, the most incredible way is to invest in real estate properties. Real estate properties are excellent when it comes to making terrific profits. However, the advocates and legal consultants in Dubai at Mai Alfalasi are always here to provide transparent and self-aware advocacy to remain safe and secure while investing in the UAE.
The primary focus of Mai Alfalasi’s legal services in Dubai is to provide clear knowledge and information regarding the rules and regulations in Dubai for saving yourself from huge setbacks. For example, we provide and safeguard your property from double taxation. However, if our client wants legal advice in Dubai, we are more than happy to facilitate our clients.
In Dubai, it has been a legal happening that when a person dies with a property, their assets are frozen from a movability standpoint and divided according to the pre-determined model based on an understanding of Sharia law through the probate process. However, this may not be under the owner’s wish, which might not sound pleasing enough to most people. If you are an expat in the UAE, you must be preparing to get a fortune out of the investment, but with all the legal laws in Dubai, this might not turn out to be a case for you. So, as among the leading legal firms in Dubai, we are focused on providing the best and possible solutions to ease solutions for our clients.
Secure Your Investment in Dubai Today!
Now that we have brought this to your knowledge that our properties and investments are never always safe in Dubai, it is pivotal to understand the legal and most binding ways through which you can actually do that. With this being said, here are the five potential methods to protect your assets and properties in Dubai.
1. Abu Dhabi Wills
The most important for saving your investment is for expatriates who are coming from foreign lands with an ideal purpose to secure and multiply their investments by targeting the real estate market. However, the inadequate information regarding the process is far from the mere understanding of most people. If an expat dies without a certified non-Muslim will, the Shariah law would be applied to the deceased’s estate on a legal basis, and the allocations and adjustments would be made in such a way that might not please an investor.
This is where the Abu Dhabi Wills was established by the Abu Dhabi Courts Judicial Department to give Non-Muslims property rights in the UAE or declare their own terms of preferences that would make them a happy investor in Dubai.
2. DIFC Wills
UAE is perhaps the world’s biggest and most famous country for inhabiting foreigners on roughly 80% of the total population. This is a major reason why laws and regulations are always available for foreign investors. This is where DIFC Courts are just here to provide legal solutions to expats. It is an autonomous legal and judicial system based on English common law – understandable by everyone. This allows the non-Muslims in the UAE to transfer their assets according to their will and on their provisions.
3. Property Transferring
There is another probable thing of securing your property: Holding Corporation or Trust. By giving the rights to the Holding Corporation, you are becoming the major company’s shareholder, which means you can avoid several anonymity, avoid liabilities, and save money on taxes.
For this, a settlor establishes a trust for the interest of the beneficiaries, which trustees govern. This results in safeguarding your property and assets for your family members.
4. DIFC Foundations
In the UAE, establishing foundations are not difficult at all. In fact, they are the legal entities that can hold the assets and properties for the benefit of their benefactors. This is where the foundation of the investors is secured by managing their assets in a better way. However, for this, a council is required to govern the property and assets and carry out the objectives established in the documents of the foundation. Moreover, believing in this foundation also gives incredible benefits such as;
- You can escape the hefty corporate taxes.
- All the setup expenditures are nearly minimal.
- You will get access to a well-organized governance framework.
- You will get succession and legacy planning.
- Asset preservation and private wealth management are adequately done.
- The identities of the investors and the beneficiaries are kept confidential.
5. Family Transfer
Family grants are highly under consideration in Dubai. Where you can gift an asset to another person under the legal compliances that Mai Alfalasi will do for you. However, here, the property must be passed down through close relations of first-degree relatives that are parents of children. Whereas gifting the property to anyone is completely a rational decision of the investor.
Why Mai Alfalasi? – The End!
When it comes to Dubai, UAE, Mai Alfalasi is the reputed and most trustworthy legal advocate in Dubai that has put together a multidisciplinary and talented team of lawyers and advocates in Dubai to assist our clients with all the laws and regulations.
So, if you’re a foreign investor in Dubai planning to make a worthy and returning investment in UAE, partnering with Mai Alfalasi is your way to get down your hands on the most accurate and transparent legal procedure. We ensure that your property gets secured through all means from creating a will, transferring to trust, even gifting, etc.
What We Cover
- Corporate & Commercial
- Dispute Resolution
- Finance & Investment
- Insurance
- Arbitration
- Litigation
Mai Alfalasi
Advocates & Legal Consultancy
1203, Green Tower
Baniyas Street, Deira
Dubai, United Arab Emirates
Phone. +971 4 223 0666
Whatsapp. +971 50 208 9986
Email. info@maaflegal.ae
Office Hours
9.00am to 6.00pm (GST)
Monday to Friday