How to buy a property in UAE as a Foreigner?
Foreigners from other countries can buy a property in the UAE, under certain conditions. In special areas called free zones it’s allowed to purchase property into full ownership. In any other place in the UAE it’s allowed to have a tenancy over a real estate object.
Advantages of Setting-up a Company in UAE Free Zones
However, the UAE has mandated since 2015 that 51% of the shares in commercial firms must be owned by UAE citizens, However, it is conceivable to register in free zones with only foreign stockholders.
Regulation of Transferring Ownership of a Company in Iraq
n order to transfer ownership of a company in Iraq, the company’s documents must be updated and legalized to current year, and if the company is subject of financial and legal penalties such as not appointing a legal advisor or not submitting annual financial statements, it must be settled and paid.