With the number of foundations registered in the UAE
surpassing 350, the structure is increasingly being used as an
‘off the shelf product', rather than a bespoke wealth
solution, explains Nina
Auchoybur, as she takes a step back to highlight the key
considerations before choosing a foundation.
UAE foundations have soared in popularity since legislation was
first introduced in the Abu Dhabi Global Market (ADGM) in 2017, and
later in the Dubai International Financial Centre (DIFC) and Ras Al
Khaimah International Corporate Centre (RAKICC).
Where private clients had to previously rely on costly corporate
vehicles or trusts for their wealth and succession planning,
foundations now provide a more straightforward and accessible
solution. [Read:
UAE foundations - FAQs]
