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5/1/24, 2:40 PM DIFC emerges as premier global hub for family businesses, home to 120 of world's wealthiest families, individuals | Emirates News …
sector. With a strong pursuit of transparency, regulation,

and knowledge-building, DIFC has earned the trust of

230 banks, including 27 of the top 29 globally systemic

banks, and more than 350 highly reputable wealth and

asset management firms. This momentum is further

fuelled by an influx of family businesses and related

entities drawn to DIFC's lifestyle offerings and its world-

class DIFC Family Wealth Centre, which is built for

innovation, succession planning, and future prosperity.”

With more than 440 registered foundations and over

600 active entities affiliated with top family businesses

and individuals, DIFC has seen a surge in interest for

family wealth management. Primarily driven by interest

for prescribed companies, or private companies which

can be established by a qualifying applicant or for a

qualifying purpose, the Centre’s commitment towards

regulatory transparency and family confidentiality

supported an 81 percent surge in single family offices,

followed by a 12 percent increase in holding companies,

year-on-year in 2023.

To further support this growth DIFC also announced its

new comprehensive guide ‘Prosperity Across

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