Family Businesses
Establishing a family business within DIFC offers a multitude of strategic advantages, positioning it for enduring success and seamless generational transitions. DIFC also offers a robust framework, providing tailored solutions and expert guidance to navigate the complexities of wealth management and succession planning. With an estimated USD 1 trillion in assets set to transfer across generations in the Middle East, DIFC offers a secure and stable environment for these transitions.
DIFC also provides education and training, addressing challenges related to governance, ownership, and family dynamics, thereby enhancing the likelihood of successful intergenerational transfers. DIFC’s independent regulatory framework, coupled with its strategic location, ensures that family businesses benefit from a world-class infrastructure and access to global markets. This environment fosters growth and innovation, allowing businesses to thrive and adapt to evolving market conditions.
For added peace of mind, DIFC’s accreditation and advisory services ensure that businesses adhere to the highest standards, building trust and credibility.
DIFC offers several structures for family businesses to choose from including family office, foundation, holding company, managing office, prop investment firm and Special Purpose Vehicles (SPVs).
DIFC also maintains a strong commitment towards regulatory transparency while maintaining family confidentiality via a private register, which is contained on an independent server, thereby making it inaccessible to cyber threats.
Furthermore, DIFC also has wills and probate registry and a Family Wealth Centre.
