Sell Offshore BVI
Offshore BVI
Dorchester
Last Update 4 years ago
Required Documents
1- Original title Deed.
2- MOU Sale agreement (form-F).
3- No objection certificate (NOC) from developer.
4- No objection certificate (NOC) from a Free Zone (Only for buying) (for selling not required).
5- No objection certificate (NOC) from Dubai Land Department (Only for buying) (for selling not required).
6- Certificate of Good Standing. (Attestation + Arabic legal translation).
7- Certificate of Incorporation. (Attestation + Arabic legal translation).
8- Certificate of Incumbency. (Attestation + Arabic legal translation).
9- Memorandum of Association. (Attestation + Arabic legal translation).
10- Shareholder Resolution. (Attestation + Arabic legal translation).
11- Company Stamp.
12- Original passport, visa, Emirates ID (seller and buyer).
Land Department Fees
4% from selling price + 580 AED (If Apartment, Villa) or + 430 AED (If Land) (Manager chq).
Registration Trustee Fees
4,000 AED + 200 AED (5% VAT) if the price of the property equal or more than 500,000 AED.
2,000 AED + 100 AED (5% VAT) if the price of the property less than 500,000 AED.
NOTE: The Incumbency certificate is Valid
Free Zone (In Dubai): Incumbency Valid is, If:
if issued in UAE (For selling 180 days, For buying 180 Days)
if issued in Out side UAE (For selling 180 days, For buying 180 Days) .
NOTE: If an Offshore Overseas Company (e.g. BVI) want to sell a property in Dubai, they can sell directly but If an offshore (Overseas Company e.g. BVI) want to buy a property in Dubai, they must register a company in any Free Zone in Dubai and then they should get NOC from a Free Zone and NOC from Dubai Land Department to buy.
NOTE: All Offshore Overseas Company (e.g. BVI) documents must be attested in Ministry of Foreign Affairs Home Country, UAE Embassy Home Country and Ministry of Foreign Affairs in UAE) + (Arabic legal translation).