Most Middle East entrepreneurial families are familiar with foreign offshore trusts and foundations, and have been using these tools to ensure wealth preservation and inter-generational continuity for several generations. These strategies are primarily used in conjunction with assets located abroad. As a result, few are the foreign fiduciaries actively involved in the management of regionally located strategic assets. However, this is about to radically change following the introduction of foundation regimes in the UAE.
The foundation’s relative simplicity makes it an easy tool for entrepreneurial families to understand. They are filling a gap for regionally based strategic assets often off-limit for foreign fiduciaries. Until today.
To see our latest STEP article, click here.
To read more about the UAE Foundations as the gateway to Middle East assets for foreign fiduciaries, click here.
For a comparative overview of the DIFC and ADGM foundation regimes, click here.