- More than 440 registered foundations and over 600 active entities affiliated with top family businesses and individuals in DIFC as of 2023.
- Home to more than 120 of the world’s wealthiest families and individuals, with a total net worth exceeding USD 1trn.
- Dubai ranked 1st in MEASA region and among the world’s top 22 cities in terms of wealthiest population centres in 2023 with over 68,500 HNWIs.
- Updated DIFC Family Arrangements Regulations provide greater privacy through a Private Registry option.
DUBAI, UNITED ARAB EMIRATES – Media OutReach Newswire – 3 May 2024 – With more than 440 registered foundations and over 600 active entities affiliated with top family businesses and individuals, Dubai International Financial Centre (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 per cent surge in single family offices, followed by a 12 per cent increase in holding companies, year-on-year in 2023.
