Dubai: The Dubai Centre for Family Businesses, operating under the umbrella of Dubai Chambers, has released a new toolkit that underscores the significant role of Family Offices. This comprehensive guide provides a detailed overview of governance structures for Family Offices, highlights their specialisations, and outlines their services and main benefits.
The toolkit examines key factors contributing to Dubai’s attractiveness for Family Offices looking to establish their regional headquarters. These include a thriving financial ecosystem offering access to diverse investment opportunities, such as venture capital, private equity, real estate, and hedge funds. Additionally, Dubai’s strategic location and advanced infrastructure ensure exceptional global connectivity.
The publication also emphasizes Dubai’s high standard of living, which has made the emirate a favored destination among high-net-worth families. Dubai’s competitive advantages extend to its diverse cultural landscape and family-friendly environment, appealing to international families while preserving its rich culture and heritage.
Recognised as a leading hub for wealth management, Dubai has become an attractive destination for high-net-worth individuals (HNWIs) to set up Family Offices, thanks to its favorable tax regime—featuring no personal income tax, withholding tax, capital gains tax, or estate and inheritance taxes.
The toolkit further outlines the critical role Family Offices play in managing family businesses, wealth management, and preserving the legacy of family enterprises. These offices provide a range of services, from investment strategy development and tax planning to handling administrative affairs and philanthropy, ensuring the effective and efficient management of family wealth and business operations.
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