Understanding DIFC Foundations (Video)

DIFC Foundations provide families, entrepreneurs and private clients with a sophisticated legal structure for holding, managing and transferring wealth from the Dubai International Financial Centre (DIFC). For internationally mobile families, whose businesses, investments and family members may span several jurisdictions, they can provide a valuable framework for addressing questions of ownership, governance and succession.

A DIFC Foundation is an incorporated legal entity established under the DIFC Foundations Law. It has legal personality separate from its Founder and can hold assets, enter into contracts and manage property in its own name. Unlike a traditional trust, where legal ownership of trust assets is generally vested in trustees, a DIFC Foundation operates through its constitutional documents and is administered by a Council.