The Dubai Centre for Family Businesses, part of Dubai Chambers, has released a new guide emphasizing the significance of Family Offices. This guide provides a thorough overview of governance structures for Family Offices, detailing their expertise, services, and key benefits.

The guide also examines the key factors that make Dubai an appealing location for Family Offices to set up their regional headquarters. It highlights the emirate’s financial ecosystem, which offers investment opportunities in venture capital, private equity, real estate, and hedge funds.

As a wealth management hub, Dubai attracts high-net-worth individuals (HNWIs) to establish Family Offices, thanks to its favorable tax environment, which includes no personal income tax, withholding tax, capital gains tax, or estate taxes.

The toolkit outlines the essential functions of Family Offices, which include managing family businesses, overseeing wealth management, and preserving family legacies. Family Offices offer various services, such as formulating investment strategies, tax planning, providing administrative support, and handling philanthropic initiatives.

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