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5/1/24, 2:41 PM Unleashing Growth: DIFC Emerges as Premier Global Hub for Family Businesses | iHeartEmirates

To further support this growth DIFC also announced its new comprehensive guide

‘Prosperity Across Generations: Unlocking the Power of DIFC for Families’ to
empower families with access to knowledge and expertise on structures, governance,

wealth management, succession and estate planning in Dubai and DIFC.

Innovative and future-forward jurisdiction

Aligned with the UAE’s vision to help family businesses maximise their contribution to the
economy, the DIFC Family Arrangements Regulations were introduced on 31 January 2023

to replace or repeal the Single Family Office (SFO) Regulations. Benefits under the new

regulations include a private registry option, which provides families and their Ultimate
Beneficial Ownership’s (UBOs) with the highest levels of privacy and confidentiality. The

same regulations also provide certification for family businesses in DIFC to support benefits
and incentives planned for family businesses in the UAE under UAE Family Business Law.

DIFC Family Wealth Centre – A global knowledge hub for family wealth

In addition to the revised regulatory framework for family businesses, the launch and

development of DIFC Family Wealth Centre in 2023 has helped empower families preserve
their wealth and legacies for the future, through best-in-class tailored solutions including

asset allocation and portfolio management, governance, succession planning, Sharia

compliance as an option, Will registration and philanthropy.

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