Leevyn Isabel details the key benefits of
establishing a foundation in the UAE, explaining how they
provide both expats and UAE nationals with a local solution to
protect their assets and make succession planning arrangements.
Although only first introduced to the UAE in 2017, foundations
have become an integral part of the UAE's wealth management
offering and are now present in three of the UAE's free zones
(DIFC, ADGM, RAKICC).
What is a foundation?
A foundation is an independent legal entity, they provide the
founder with an opportunity to consolidate their wealth in one
vehicle at the same time as segregating their personal wealth from
their commercial interests (although these can also be owned by a
foundation) by bestowing assets to the foundation which owns the
assets in its name.
