A new and stable platform for wealthy families to manage their global private wealth portfolios.
Building on its Free Zone Rules and Company Regulations, DWTC Authority’s Single Family Office (SFO) and Multi Family Office (MFO) Regulations and Licensing Schemes are in response to Dubai’s growing international status as a unique, stable and attractive destination for family wealth management.
A Single Family Office (SFO) can be established as a regular Free Zone Establishment (FZE) or Free Zone Company (FZCO), as an offshore entity founded by family members that can own and/or manage the affairs of a single family, with a specific License for management of Professional Services such as wealth, asset, investment, succession, governance, financial and/or legal affairs of a single family, its members, businesses, entities, trusts or foundations.
The SFO must be 100% owned by the same family and 100% of the SFO shareholding must be held by lineal descendants of the family.
A Multi Family Office (MFO) is an entity founded by consultants, professional services providers or advisory firms that manage the affairs of multiple families and/or multiple SFOs under one roof. An MFO can also be established as a regular Free Zone Establishment (FZE) or Free Zone Company (FZCO) with a specific License for the Management of Professional Services and Provision of Administrational Services, whereby the services are rendered to multiple families, their members, businesses, entities, trusts and foundations of SFOs.
DWTC Authority's MFO regulations place no restrictions on the ownership, structure, board requirements and minimum capital requirements of MFOs, other than the standard guidelines applicable to FZEs or FZCOs.
Single and multi-family office packages have been developed in accordance with the market standards and are complemented by a dedicated range of commercial office solutions, streamlining the set up of family wealth management offices within the DWTC free zone, facilitating centralised wealth management from Dubai.
We provide an upscale, business-friendly regulatory environment for Single and Multi-Family Offices to set up in Dubai with packages tailored to your specific needs.