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Family Office

Over the past decade, the UAE has become a
leading private wealth management hub and
global gateway for UHNW individuals and their
families.
 The growing single-family office (“SFOs”)
ecosystem is a key part of this momentum.

One the one hand, there are local needs. Family-
owned businesses are a cornerstone of regional
wealth generation
and the region is on the cusp
of an unprecedented intergenerational transfer of
wealth. Established by UHNW individuals
(“UHNW”)
– usually those with a net worth of over
USD30 million – to manage positive cash surplus,
and safeguard exponentially growing wealth for
future generations and sensibly pass it to their
heirs, SFOs work at the nexus of these events.

Recent Work

The Brief

Advised on the corporate, tax and legacy planning
aspects vis-a-vis the relocation of the functions of a
Singaporean based SFO to the UAE, taking advantage
of an existing ADGM holding corporate structure.

What We Did

Conversion of an existing ADGM holding company
into an ADGM SFO, and incorporation of an ADGM
Foundation to own the SFO, as well as an existing
ADGM SPV, which in turn owns several classes
of assets.

What Was Achieved

SFO functionality, tax efficiency, consolidation and
succession planning/wealth preservation were achieved
by the proposed corporate structure in the UAE.

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How we can help

With 610+ SFOs/PICs under administration, we have
second-to-none experience and local practical know-
how structuring SFOs in the DIFC and ADGM.

Working closely with families, we aim to fulfil the role
of trusted advisor, providing guidance on all legal
and wealth management needs
and sourcing the
best team to achieve the family’s objectives.
Irrespective of the stage of the family’s wealth
management journey [See chart ‘The SFO’s Evolutive
Journey of a family office],
we meticulously organize
and safeguard family assets while architecting
strategies and vehicles to optimise the SFO
arrangement in line with the family’s investment
strategy and needs at the time.

Recognizing the dynamic nature of family structures,
we are regularly entrusted by families to scrutinize
their existing frameworks and operations. Our
guidance brings forth a transformative touch, offering
pathways to enhance and refine these structures,
ensuring they are optimized for future prosperity.

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