International clients often ask whether Dubai property should be purchased personally or through a company, and what ownership structure may be appropriate for their circumstances.
The correct answer depends on the client, the property, the intended use, the source of funds and the relevant legal and tax considerations.
Mark helps clients understand the property and transaction issues that need to be considered before proceeding. Where legal, tax, corporate or banking advice is required, he coordinates with the appropriate authorised professionals.
His role is to make sure the wider ownership and transaction structure is considered before the property decision is made.
There is no single ownership structure that is right for every Dubai property buyer.
Some clients may purchase personally. Others may consider a company or another ownership structure because of their family circumstances, investment objectives, financing arrangements or wider estate planning.
The decision should be made after considering the property, intended use, source of funds, future sale, succession and the relevant legal and tax position.
Mark provides practical property guidance and coordinates with the client’s lawyers, tax advisers, banks and other authorised professionals where specialist advice is required.
Before buying Dubai property through a company, the wider position should be understood.
This may include:
• Who will own the company
• Where the company is incorporated
• The intended use of the property
• The source and movement of funds
• Financing and banking requirements
• Future sale or transfer
• Succession and family considerations
• Legal, tax and regulatory requirements
The company structure should support the client’s objective. It should not be selected simply because it appears more sophisticated or offers an assumed advantage.
Mark does not provide legal, tax or corporate advice.
His role is to understand the property objective, identify the practical issues that need to be considered and coordinate the transaction with the client’s authorised advisers.
This may include communication with lawyers, banks, tax advisers, corporate service providers, developers, conveyancers and other relevant parties.
The aim is to ensure that the ownership structure, funding arrangements and property transaction are considered together before the client proceeds.
Should I buy Dubai property personally or through a company?
There is no universal answer. The right structure depends on the client, property, intended use, source of funds and relevant legal and tax considerations.
Can Mark advise on the legal structure?
Mark provides property guidance and transaction coordination. Independent legal, tax, corporate and banking advice must come from the relevant authorised professional.
Can Mark coordinate with my lawyers and advisers?
Yes. Mark can coordinate the practical property process and communication between the client, advisers, developers, banks, conveyancers and other relevant parties.
Can overseas clients buy Dubai property?
Yes. Overseas clients can consider Dubai property subject to the property, ownership, funding, legal and regulatory circumstances involved.
How do I discuss a Dubai property ownership question?
You can request a private consultation directly with Mark Tolland through Abode Property.