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).

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