Construction firm Laing O’Rourke plans to add up to 4,500 more staff to its operations in the Middle East next year. The largest private construction company in the UK, it has said that its future growth will be in the GCC. The company currently employs just over 4,000 people in the Middle Ea...
Dar Al Arkan launches its Qasr Khozam development today. The new town in Jeddah, Saudi Arabia is a 4 million square metre area of land that also incorporates the palace of the late King Abdulaziz bin Al Saud. The development is expected to take six years to complete and will be done in phases. The m...
Dubai-based ACI Real Estate has launched a Dhs3bn tennis academy and resort in the UAE emirate of Ras Al Khaimah along with tennis legend Boris Becker, who holds a 50% partnership in the academy and part ownership in the rest of the resort. The Boris Becker Beach Resort and Tennis Academy is ACI...
Dubai's attorney general said yesterday that former Deyaar chief executive Zack Shahin may remain in custody until the prosecution has completed its investigation, reported Khaleej Times. The detention of Shahin, who is under investigation for alleged financial irregularities, was extended for ...
Dubai-based Nakheel and The Land Holding, a Saudi Arabian developer, have signed an agreement to form a joint venture company for the development of projects at Waterfront, a Nakheel coastal master-development. According to Yousuf Kazim, the managing director of Nakheel Joint Ventures, the new compa...
Landvest Dubai offer all types of advice on offshore investment in the UAE. Offshore investment in Dubai is currently is very popular. Offshore investment in Dubai has been an attraction to investors globally. Offshore investment in this market has been popular as property laws have been relaxed recently to 100% freehold ownership for all non UAE nationals.
Offshore investment is attractive for a number of reasons, tax free earnings, no capital gains, no stamp duty, no lawyers fees and a better quality of living in warmer and safer environments. Offshore investment has become extremely popular amongst Europeans. Offshore investment is also popular in Dubai amongst investors from across other parts of the globe. Dubai is an offshore investment centre that is currently seeing a significant influx of overseas investors. Dubai has worked hard for the past twenty years to move away from its reliance on oil wealth.
By offering offshore investment, Dubai has established itself as one of the most attractive, flexible and cost effective locations for businesses to base themselves in and for individuals to live work and prosper in. There has been considerable offshore investment in the new DIFC which is due for completion in 2009. Offshore investment across the Dubai International Financial Centre has been very popular, some of the biggest names in the investment banking and commodities sector have signed up for commercial space across this development.
With offshore properties there are no income, capital gains or other taxes in Dubai apart from those levied directly against the oil and domestic banking industries and this fact is not set to change. Offshore investment can be lucrative for a number of reasons you could benefit from lower housing prices, an option for retirement in the sun, favourable taxation and inheritance laws make offshore investment popular.
