Financial Free Zone Business Setup In Dubai
DIFC is one of the best Financial Centers around the globe and going to be World-Class in its future. EXPO 2020 in Dubai being the major factor and as expected after BREXIT 3,500 Millionaires are willing to move to U.A.E. Dubai is the 5th topmost secured place to park your assets and offers a luxury living standards besides a TAX Heaven jurisdiction.
DIFC, is stationed at halfway point of Dubai, having its COURT which includes highly experienced judges from World Class principal common law Jurisdictions inclusive of Singapore, Hong Kong & England.
DIFC is governed by two main authorities, which includes DIFC itself for most of the NON-FINANCIAL ACTIVITIES and DFSA (Dubai Financial Services Authority) for governing and regulating the conduct of Financial services In and From the DIFC.
DIFC has its independent Arbitration centre that implements the rules emulate on the London Court of International Arbitration.
As the world population is sprouting, same is with the Ultra High Net Worth Individuals (HNWI). According to Merrill Lynch & Cap Gemini’s World Wealth Report, there are 85,500 HNWI’s with equity of US$.30 Trillion around the globe.
According to FAMILY FIRM INSTITUTE succession planning Survey, only 30% of businesses transfer to the second generation, 12% still operable into 3rd generation & only 2-4% of all the family businesses trickle down to the fourth generation or beyond. So, that is why desideratum of family office originates for HNWI’s.
A family office is an office that is intimate wealth management advisory firm that assists HNWI’s, which is much exclusive than conventional wealth managements companies that offer all outsource finance and investments services to individuals or families.
Family offices are incorporated for two basic purposes:
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- Family expenses, which may include daily expenses or a family supporting
- Financial Planning and Investments
DIFC offers three main Group of activities under which Single Family office(SFO) is listed as below:
HOW CAN RED BERRY ASSIST YOU?
RED BERRY has in-house expertise in DIFC incorporation and managing highly esteemed clients with DIFC & DFSA. We will guide you through the whole process of incorporation and make sure everything falls under the compliance policies, procedures, system and controls needed to meet the DFSA’S requirement.
The role does not end here, RED BERRY can help you for on-going compliance advice and connect you for training on risk and governance.
For more details contact naseh@redberry.ae
