Hub for family offices
05/09/2008
The Dubai International Financial Centre (DIFC) has announced new regulations to encourage family businesses to establish Single Family Offices (SFOs) in the DIFC.
Created in consultation with the DFSA, the DIFC Single Family Office (SFO) regulations specifically address the needs of family-run institutions and create a platform for wealthy families to set up holding companies at DIFC to manage private family wealth and family structures anywhere in the world.
The regulations follow the establishment of the DIFC Family Office initiative, which provides comprehensive infrastructure solutions for families and family businesses operating in the region.
