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ARTICLE · 14 JULY 2021

UAE Foundations - FAQs

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Foundations have become a popular option for regional wealth structuring and succession planning in the UAE, offering a number of benefits to both families and businesses.

United Arab EmiratesCorporate/Commercial Law
Nina Auchoybur
Nina Auchoybur

Foundations have become a popular option for regional wealth structuring and succession planning in the UAE, offering a number of benefits to both families and businesses. Here, Managing Director - UAE, Nina Auchoybur and Business Development Director, Leevyn Isabel answer the ten most frequently asked questions surrounding the vehicle and its capabilities.

  1. What is a foundation?

It is a corporate vehicle with no shareholder and managed by a council (equivalent to a board of directors). A foundation can hold assets for distribution to the beneficiaries (normally family members) as per the instructions of the founder(s), the person(s) establishing the foundation, set in the charter and by-laws (the "constitutional documents") of the foundation.

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