Speaking to the regional media on Monday, a senior official in the UAE government revealed that a federal law is in the pipeline allowing foreigners to own property in the United Arab Emirates.
Shaikh Tahnoun Bin Zayed Al Nahyan, Chairman of the President's Private Department told Gulf News that studies are currently underway into the drafting of federal and local legislation to allow foreign ownership of UAE property for a designated period.
"You can expect the law to be passed this year," he announced.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment