Now Playing:Overseas Property Rak Dubai | Your Visa and Property
Description: www.rakcompany.net | rak dubai | Property investment rules vary by offshore centers in some centers you can invest property through an offshore company and some you cannot. For example in Ras al Khaimah, a Ras al khaimah offshore company can own property in the United Arab Emirates. RAK is a city in the UAE. Where as in seychelles, property can be bought only if the local partner has a 51 per cent of the company. An offshore company cannot own a property in Seychelles you need to have a lead registered company. So it depends on the country depends on the jurisdiction and this is something that needs to be checked out for each situation separately. As a rule a resident visa are not granted to offshore company owners or beneficiaries. However the offshore company can invest in the local economy through a localy registered company which an offshore company can own. Oveseas property news