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FAQ

Whether you’re exploring luxurious real estate or business setup, we’re here to provide clarity. Discover essential information about our expertise, the intricacies of the services we offer, and how we can be your partner in global endeavors.

Yes, our team includes legal experts who specialize in navigating the legal complexities associated with real estate transactions and business setup. We ensure compliance with local regulations, manage contracts, and handle necessary documentation.

Absolutely, our commitment extends beyond the completion of a transaction or business setup. We offer continuous support, property management services, ongoing consultation, and guidance to ensure our clients’ sustained success and satisfaction.

To explore our services, simply reach out to us via our website’s contact form, email, or phone. Our dedicated team will promptly connect with you to discuss your specific needs and devise a tailored strategy to assist you.

Yes, we have a proven track record of serving diverse clients, including individual investors, corporate entities, developers, entrepreneurs, and institutions. Our services are adaptable and tailored to meet the unique requirements of each client.

Soland stands out due to our extensive network, in-depth market knowledge, personalized approach, and unwavering commitment to client success. Our values center around integrity, professionalism, and innovative solutions for our clients.

Soland has a widespread presence, operating across key markets globally. Our expertise extends to regions in the United Arab Emirates and other MENA countries, Mediterranean European regions like Greece, Spain, Portugal, Cyprus, Montenegro, and Turkey, emerging markets in Asia-Pacific such as Thailand and Indonesia, and beyond.

Soland offers a comprehensive range of services, including international real estate acquisition, sales, leasing, property management, business setup consultations, market analysis, legal advisory, and more. We specialize in facilitating seamless transactions and business ventures across global markets.

Soland facilitates smooth real estate transactions across borders by providing expert guidance on property acquisitions, sales, leasing opportunities, investment strategies, market insights, legal support, and personalized assistance throughout the process.

Soland currently offers real estate opportunities in the UAE, Turkey, and Montenegro with upcoming announcements in a new direction. Stay informed by subscribing to our newsletters.

Yes, in the United Arab Emirates (UAE), it is possible to obtain a residence visa after purchasing property. Eligibility and regulations may vary between emirates. In Dubai, property owners can apply for a residence visa, usually valid for two years and renewable. Additionally, a Golden Visa, with a 10-year validity, is available for larger investment amounts, providing an extended residency option.

Buyer protection in the United Arab Emirates (UAE) is ensured through the regulation of real estate transactions by the respective land departments or authorities in each emirate. Each emirate has its dedicated regulatory body overseeing the real estate sector, such as the Dubai Land Department (DLD), the Abu Dhabi Municipality, and the Ras Al Khaimah Land Department.

To enhance transparency and security, developers in the UAE utilize escrow accounts for transactions, providing an added layer of assurance for buyers. This commitment to transparent processes contributes to a safe and secure environment for real estate transactions in the UAE.

In Dubai, the registration process typically spans a few weeks from the date of signing the sale agreement. This involves submitting necessary documents to the Dubai Land Department, and upon completion, the property will be officially registered in the buyer’s name.

In Abu Dhabi, the registration process includes the Abu Dhabi Municipality or the relevant land department of the emirate. While the timeline can vary, registration is generally concluded within a reasonable timeframe post-sale.

It’s crucial to acknowledge that the duration of property registration can be influenced by factors such as the efficiency of the land department, completeness of documentation, and any specific requirements or procedures in place at the time.

In the UAE, where there are no property taxes, property owners are responsible for service charges and maintenance fees set by the house management company. These fees, ranging approximately from 15 to 50 AED per square foot per year, vary based on the services included and contribute to the overall upkeep and management of the property. It’s essential for property owners to be aware of these charges and factor them into their ownership considerations.

Certainly. Buyers have the option to secure mortgage financing through banks or financial institutions. In this scenario, the buyer makes a down payment, and the remaining amount is financed through a mortgage, with the repayment structured over a specified number of years. This allows for greater flexibility in managing the financial aspects of property acquisition.

In Dubai, there is no property tax on residential properties. However, a 4% transfer fee, commonly known as the “Dubai Land Department fee,” is applicable, typically divided equally between the buyer and the seller. Commercial properties in Dubai incur an annual 5% value-added tax (VAT).

In Abu Dhabi, a 2% registration fee is imposed on property transactions, and additional fees may be applicable depending on specific municipalities. It is crucial to be aware that tax laws and regulations are subject to change. For the latest and most accurate information on property-related taxes in the UAE, we recommend consulting with local authorities or legal professionals.

Payment plans for real estate transactions in the United Arab Emirates (UAE) vary depending on the developer, property type, and agreed-upon terms. Here are common types of payment plans utilized in the UAE:

  • Down payment and installments: Many developers offer plans involving an initial down payment, typically ranging from 10% to 20% of the property value, followed by equal or staggered installments over the construction period or a predetermined timeframe.
  • Post-handover payment plans: This plan entails a smaller initial down payment (usually 5-10%), with the remaining amount paid after the property is handed over. Post-handover payment plans may extend over several years, providing flexibility for buyers.

In the UAE, there are no capital gains taxes, making the only cost associated with selling a property the agent’s commission. We strive to ensure a transparent and straightforward process for our clients.

We specialize in both off-plan and secondary real estate options. If you’re a property owner looking to sell, we are delighted to provide our expertise and assistance in facilitating the sale of your property.

The main criteria for choosing a property depend on your goals and priorities. Whether you are buying for personal use or investment, determining your final budget is crucial. Our advisors will guide you through our five main strategies and tips, providing comparison tables and sharing comprehensive market knowledge to assist you in making the right choice aligned with your objectives.

We specialize in a diverse range of real estate, including residential properties such as apartments, townhouses, villas, penthouses, mansions, and unique floating boat villas. Additionally, we handle commercial properties and land plots. While residential properties are the most common request, we also offer service apartments with hotel management services, providing a fixed rental yield for our discerning clients.

Properties in UAE are open to everyone, with no restrictions on nationalities, ensuring an inclusive and accessible real estate market.

Our real estate offerings extend across prominent UAE cities, including Dubai, Abu Dhabi, and Ras Al Khaimah.

 

Yes, Montenegro offers a residency program for property investors, providing an opportunity to obtain temporary or permanent residency based on their investment in the country.

The legal process involves signing a preliminary sales agreement, conducting due diligence, obtaining a tax number, and finalizing the sale at the Cadastre and Real Estate Administration. It is highly recommended to engage with a notary and legal professionals to ensure a smooth and legally sound property acquisition process in Montenegro.

 

Additional costs associated with buying property in Montenegro include property transfer tax, notary fees, and administrative fees. These costs may vary, and buyers should be aware of them to budget effectively.

 

When choosing the right location for your investment in Montenegro, consider your preferences, whether it’s coastal living, scenic landscapes, or urban amenities. Popular areas for investment include Kotor, Budva, Tivat, and Podgorica, each offering unique features and opportunities in the Montenegrin real estate market.

 

Montenegro offers a diverse range of properties for purchase, including apartments, houses, villas, and land. Coastal areas like Kotor Bay and Budva are popular for seaside properties, while the capital, Podgorica, provides urban living options.

 

Generally, there are no significant restrictions on property ownership for foreigners in Montenegro. However, some limitations may apply to agricultural land, requiring additional approvals.

 

Yes, Montenegro welcomes foreign property buyers, and there are no restrictions on ownership for most nationalities. Foreigners enjoy the same property rights as Montenegrin citizens.

 

The Montenegro real estate market has demonstrated growth, particularly in coastal areas, driven by tourism and foreign investment. This positive trend contributes to a favorable outlook for investors in the Montenegro real estate market.

 

Yes, Turkey offers a “Turkish Citizenship by Investment” program, allowing investors meeting specific criteria, including a minimum real estate investment of $400,000, to obtain Turkish citizenship. For residency, a minimum real estate investment of $200,000 is required.

While not mandatory, it is highly recommended to work with a reputable real estate agent and legal professional. They provide valuable insights, navigate legal processes, and ensure a smooth transaction, enhancing the overall experience of property acquisition in Turkey.

 

The legal process for buying property in Turkey involves obtaining a tax number, optionally opening a bank account, conducting a title deed search, and signing a sales contract. The final steps include transferring funds and registering the title deed at the Land Registry Directorate.

 
 

Associated costs include a property transfer tax (0-4% depending on the property’s location), title deed registration fee, notary fees, and VAT (1-20%). There is a possibility of VAT exemption for first-time property buyers in the country. It’s advisable to consider these costs when budgeting for a property purchase in Turkey.

 
 

Consider factors such as your investment goals, preferred lifestyle, and market trends. Popular cities for real estate investment in Turkey include Istanbul, Antalya, and Bodrum.

Turkey offers a diverse range of properties for purchase, including residential homes, apartments, villas, and commercial real estate. Additionally, investors can explore opportunities in land acquisition and off-plan developments, providing a broad spectrum of options to meet various preferences and investment goals.

Yes, Turkey welcomes foreign investors, and individuals of many nationalities can purchase property in the country. However, there are certain restrictions on properties in specific zones, such as military zones.

The Turkish real estate market has demonstrated resilience and growth, attributed to factors like urbanization, tourism, and government incentives. Istanbul, a global hub, particularly holds high demand in its real estate market.

We offer ongoing support for compliance, annual filings, accounting services, tax advice, business expansion guidance, and any additional support needed to ensure your company remains legally compliant and operational.

Our team comprises legal experts and consultants well-versed in the regulations of each jurisdiction we operate in. We stay updated on changes and requirements to ensure strict adherence to local laws.

Costs vary depending on the jurisdiction, type of entity, specific services required, government fees, legal fees, and any additional services such as ongoing compliance support or virtual office services.

Yes, some jurisdictions have limitations on foreign ownership. We provide detailed information on ownership regulations and assist in complying with local requirements, which may involve appointing local directors or shareholders.

Our service offers expertise in navigating local legal frameworks, personalized guidance tailored to your business needs, efficient handling of paperwork and filings, and access to networks of legal and financial professionals in the respective jurisdictions.

The process typically involves initial consultation, selecting the jurisdiction, choosing the appropriate business structure, preparing and filing necessary documentation, opening bank accounts, and obtaining relevant licenses and permits.

We cover a wide range of jurisdictions globally, including but not limited to the UAE, Montenegro, Singapore, the UK, the US, Cyprus, Hong Kong, and more.

We assist in setting up various business entities, such as Limited Liability Companies (LLCs), Joint Stock Companies, Branch Offices, Subsidiaries, Partnerships, and more, depending on the specific jurisdiction’s regulations.

Soland assists clients in establishing businesses abroad by providing tailored consultation, market feasibility studies, entity formation guidance, regulatory compliance assistance, and strategic planning to ensure successful ventures in diverse global markets.

Setting up a company abroad can offer benefits such as access to new markets, tax advantages, asset protection, favorable business environments, and international expansion opportunities.

Costs vary based on the type of business entity and location. Initial setup fees, license fees, office rent, visa fees, and legal consultancy charges are common expenses.

  • Corporate Tax: There is no corporate tax for most businesses in the UAE. However, a 5% VAT applies across the country.
  • Customs Duty: Typically, there’s no customs duty within free zones.

Yes, in mainland UAE, a local Emirati partner is typically required for LLC setups. However, free zones allow 100% foreign ownership.

  • Renewal of Licenses: Business licenses require periodic renewal.
  • Annual Audit: Some companies need to conduct an annual financial audit.
  • Visa Renewals: Ensure timely renewal of employee visas.
  • Tax Filings: Comply with VAT filings and other tax obligations.
  • Choose a Business Activity: Determine the type of business and its location (free zone or mainland).
  • Company Name Reservation: Unique and compliant with UAE regulations.
  • Obtain Necessary Licenses: Acquire the appropriate license for your business activity.
  • Draft Legal Documents: Prepare memorandum and articles of association.
  • Visa Processing: Apply for visas for shareholders and employees.
  • Bank Account Opening: Establish a corporate bank account in the UAE.

Yes, industries like banking, oil and gas, and healthcare have specific regulations and might require additional approvals.

Requirements vary based on the type of business and location. Many free zones offer flexible office solutions, like co-working spaces, fulfilling the office space requirement.

Yes, especially if your business is set up in a free zone. However, it’s advisable to have local representatives for mainland businesses.

100% Foreign Ownership: Free zones permit full foreign ownership.
Tax Exemptions: Typically, companies enjoy tax-free status for a certain period.
Simplified Import/Export Procedures: Streamlined processes for international trade.

Limited Liability Company (LLC): Common for mainland businesses requiring a local Emirati partner.
Free Zone Company: Allows 100% foreign ownership within specific economic zones.
Branch Office: Extension of a foreign company in the UAE.

Costs include registration fees, notary fees, administrative charges, and capital deposit, varying based on the type of entity and services required from professionals.

Corporate Tax: A flat corporate tax rate of 9% is applied to company profits.
VAT: Standard VAT rate is 21%, with reduced rates for certain goods and services.

No specific restrictions on foreign ownership, allowing 100% ownership in most cases.

  • Annual Financial Reporting: Submit annual financial reports to regulatory authorities.
  • Tax Filings: Comply with tax regulations and file annual tax returns.
  • Renewal of Licenses: Business licenses require periodic renewal.
  • Company Name Reservation: Choose a unique and compliant business name.
  • Notarization of Documents: Articles of association and other required documents need notarization.
  • Deposit Share Capital: Deposit the required share capital in a local bank.
  • Register with the Central Registry of Companies: Submit necessary documents for company registration.

Requirements might vary based on the type of business entity. Some setups might allow virtual offices or shared spaces to fulfill the office requirement.

Yes, industries like finance, healthcare, tourism, and energy might have specific regulations or licensing requirements.

Yes, it’s possible to manage a business remotely, but certain activities might require local representation or legal presence.

  • Ease of Setup: Streamlined procedures for company registration.
  • Competitive Tax Rates: Corporate tax rate of 9% and various incentives for certain industries and regions.
  • Access to EU Markets: Montenegro’s path towards EU membership provides access to EU markets.
  • Joint Stock Company (JSC): Suitable for larger businesses with multiple shareholders.
  • Limited Liability Company (LLC): Most common for small to medium-sized businesses.
  • Branch Office: An extension of a foreign company in Montenegro.

Contact Soland today

Soland offers services to help global clients achieve investment goals, from acquiring residency and citizenship to buying luxury real estate and establishing businesses. Contact us to schedule a consultation and learn how we can support your successful investment journey.

Contact Soland today

Soland offers services to help global clients achieve investment goals, from acquiring residency and citizenship to buying luxury real estate and establishing businesses. Contact us to schedule a consultation and learn how we can support your successful investment journey.