Dubai has emerged as an ideal destination for wealthy families planning to establish a Single Family Office (SFO) to manage their wealth. With its supportive business environment, robust infrastructure, and diverse range of licensing options, Dubai offers an array of benefits for those looking to setup an SFO.
When establishing an SFO in Dubai, you have mainly two options: the Dubai International Financial Centre (DIFC) and the Dubai Multi Commodities Centre (DMCC). Each jurisdiction has its own advantages. So it's vital to carefully evaluate your requirements before making a decision.
DIFC: The DIFC is a leading global financial center popular for its focus on Islamic finance. It provides several key benefits for SFOs, including:
DMCC: The DMCC is a thriving global trade hub that provides its own set of advantages for SFOs, that includes:
Licensing and Registration
The licensing and registration requirements for SFOs in Dubai may vary depending on the chosen jurisdiction. In general, the following steps are involved:
Operational Considerations
Once your SFO is licensed and registered, you can proceed with setting up the operations. You need ot consider the following aspects:
Benefits of Setting up an SFO in Dubai
There are numerous advantages for setting up an SFO in Dubai:
Setting up an SFO in Dubai needs careful consideration of your specific needs and the selection of an appropriate jurisdiction. With its favorable business landscape, advanced infrastructure, and range of benefits, Dubai provides the perfect environment for managing and growing your family's wealth for generations to come.
Are you interested in setting up a Single Family Office in Dubai? Get in touch with us to get expert assistance in navigating the licensing and registration process effortlessly, ensuring compliance, and establishing a successful SFO tailored to your unique requirements.
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