Managing Family Wealth From UAE | Family Wealth Management UAE

October 13, 2020by Mohammed Rahali

IN BRIEF

Families are in need of unique, attractive and stable platforms to manage their wealth. UAE offers such internationally-recognized financial and family wealth platforms with deep-set family office, wealth management expertise and experience to cater family needs effectively. In managing Family Wealth from United Arab Emirates,  the UAE has developed through its two financial centers and other main freezones an enhanced offering of a range of comprehensive and best-in-class suite structures and solutions to satisfy the markets needs and serve families from the local, regional and international markets.

UAE offers a large range of structures and solutions to optimise family wealth planning, inheritance planning, tax planning and organise family businesses in a straightforward & cost-effective way, whether assets and subsidiaries are held in UAE or overseas.

Some of the Grade A advantages of Managing Family Wealth From UAE are as following:

  • 100% Foreign Ownership.
  • 0% Direct Taxation(No Corporate & Personal Income Tax, No Withholding Tax, No Capital Gain Tax).
  • No Inheritance and Gift Tax.
  • No foreign exchange Control.
  • No restrictions on repatriation of profits or capital out of UAE.
  • Common law jurisdictions(Common law-based regulations and courts through direct incorporation of English law).
  • Best-in-class independent regulatory frameworks.
  • Independent freezones within UAE(in terms of regulations, regulatory authorities and Courts) isolated from local environment.
  • Variety of legal structures.
  • Benefit of Double Tax Treaties (over 80 in force), Tax Residency and Tax domicile Certificates granted.
  • Fast registration process

For a comprehensive understanding of the most frequently used entities in managing Family Wealth from UAE or Family Wealth Management in UAE,  then see our full article below on Managing Family Wealth from United Arab Emirates

If you wish to discuss managing your Family Wealth from the UAE, or setting up any other legal entity, feel free to contact us.

Wincore specializes in Tax, Corporate and Fiduciary matters. We provide pragmatic, flexible and efficient solutions to individual entrepreneurs, startup businesses, foreign and local SMEs, multinationals, wealthy international families, HNWIs and UHNWIs.

Wincore Advisory Group’s full range of services on : CRS (AEOI) – OECD exchange of information ; Economic Substance Regulations; Trust & Foundation; Asset protection, Estate & Tax Planning; Corporate Services; Sophisticated UAE Sponsorship Planning; Debt Collection Services in UAE; Residency & Citizenship Services ( Foreign second passports).

For Support and assistance on any of these matters Get in Touch with our Corporate Team Today.

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Mohammed Rahali

Managing Partner | E: m.rahali@wincoreadvisory.com | M: +971 (0) 55 138 9591

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