|  | Company and Industry News |
Pavilions Of Splendour International Inc. is enjoying a period of rapid expansion and here is where we share new developments with you. In addition, as the international real estate market is in constant change, we can keep you abreast of trends, markets and opportunities - as well changes to legislation that could affect your valuable investments.
Please select an item of interest below and check back regularly to see the latest. If you prefer, Stay In Touch via our mailing list and be the first to get the news!
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 (Custom).jpg) |  | For the first time Saudi Arabia is to allow international property investors to own property in one of four brand new cities currently under construction in the country. The “New Age City”, King Abdullah Economic City(KAEC)” being built today for tomorrow´generation of Saudi citizens has six components - sea port, industrial valley, educational zone, central business district with commercial, mixed-use, retail outlets and financial island, resorts and residential area. |
 (Custom).jpg) |  | The UAE government introduced a new visa regime last month which is designed to curb illegal immigration and speed up the process for tourists and property buyers wishing to enter the country. |
 (2).jpg) |  | The government of Ras Al Khaimah, one of the emirates making up the Gulf nation of the UAE, has issued a decree stating that all real estate developers must place investors funds in escrow to guarantee their safety. |
.jpg) |  | Decades of financial secrecy may soon be over after Gibraltar began negotiations with Spain to increase its fiscal transparency. Tax evaders could be forced to look elsewhere after the countries agreed in principle to an unprecedented exchange of monetary information. |
.jpg) |  | In a bid to safeguard the interests of property investors Abu Dhabi has drafted five new laws. |
.jpg) |  | A new project connecting Africa with Asia via the world’s longest suspension bridge 28.5 km was confirmed recently ending speculation as to the future of the project. |
 |  | Poland to join Euro by 2012 earlier that it's previous target of 2015 |
 |  | The Malaysian government is to relax the requirements needed for foreign citizens entering the country under the Malaysian My Second Home programme. |
.jpg) |  | The Panamanian government has issued new visa restrictions across a range of categories for international visitors to the country, a move that will have a direct affect on agents selling Panama to overseas buyers. |
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 (2).jpg) |  | Beijing's government has lifted restrictions on foreign nationals buying real estate in the communist country's capital after a significant decline in the amount of foreign direct investment entering the country.
China looks to streamline foreign ownership of property
Chinas Commerce Ministry is believed to be changing its policies on foreign investment in its property sector to allowing provinces to register inbound foreign investment in property to help smooth the process. China has tightened its rules in the past concerning foreign ownership to prevent the market from overheating by ordering all foreign investment to be registered through its central offices in Beijing. Now that individual provinces have control most of which are keen to attract foreign to attract higher levels of foreign investment a surge is predicted for the country’s property sector.
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 |  | Buying an overseas property is a substantial investment and most people will only be able to use their property for 2-3 months of the year, for a much smaller investment you will be the part owner in a possibly more expensive and luxurious property but will not have to pay the full upkeep, taxes for a full 52 weeks. This is where Fractional Ownership comes in...
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 |  | The real estate market is opening up in the Philippines and it is now possible for foreigners to own condos directly. The up-and-coming destinations of Cebu and Boracay are the places to look this year. |
Pavilions of Splendour International, Inc.Suite 9, Ansuya Estate, Revolution Avenue, Victoria, Seychelles Ph: +34 95 211 11 78 Fx: +34 95 270 92 96 Email: Click Here Cellphones: +34 655 910 194 / +34 655 910 195 Legal Disclaimer Copyright © 2006 - 2009 All Rights Reserved
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