Legal Update: DWTC Family Office Regime Now in Effect

As part of its Free Zone Rules and Company Regulations, the Dubai World Trade Centre (“DWTC”) has introduced Single Family Office (“DWTC SFO”) and Multi Family Office (“DWTC MFO”) Regulations and Licensing Schemes (“Regime”), designed for families to manage their global private wealth portfolios.

The Regime came into effect under Circular No. (12), pursuant to Rule 4.6 of the DWTCA Free Zone Rules and Regulations as well as clause 134 of the DWTCA Company Regulations.

Under the Regime, some new solutions have become available that will allow family businesses to secure, consolidate and manage their wealth, business interests and investment assets, ranging from real estate to different kinds of companies and businesses, under the DWTC vehicle(s).

We expand more on DWTC SFO and DWTC MFO in our full article.

Read full article         

How we can help:

Our team will be delighted to assist you in registering and securing ongoing compliance of a DWTC SFO/ MFO by:

1. Advising you on the Regime;

2. Assisting you with the incorporation process of a SFO or MFO under the Regime; and

3. Advising and assisting you on complying with the DWTCA laws and regulations in relation to the operations of your SFO/ MFO.

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