As the global wealth environment undergoes a profound transformation, it’s time for HNWIs and family offices to rethink their financial strategies. Traditional financial hubs are gradually losing their grip with evolving regulations.
Tax efficiency and legal protection are two of the core priorities for wealth creators today. Along with these, they prioritize global mobility.
Dubai stands at the forefront of this transformation, as the city emerged as the international powerhouse to manage wealth. Some of the top single family offices in Dubai are turning to professional wealth consultants for strategic advisory solutions.
What makes Dubai the Financial hub of the future?
Dubai has rapidly positioned itself as a top destination for HNWIs and family offices. The progressive policies in the UAE and a favorable regulatory environment makes it a favorable destination that attracts global wealth.
Its strategic infrastructure, strong digital economy, and favorable business ecosystem has propelled the city into the spotlight as a financial hub built for the future. Dubai has an attractive residency framework.
The ease of doing business and its world-class financial institutions are some of the other reasons that draw elite investors. Those looking for a stable and strategic base for investing consider Dubai as the ideal investment hub.
Why HNWIs Are Choosing Dubai
In 2024, the UAE witnessed the migration of around 6,700 millionaires to the country. These figures speak a ton about the growing appeal of Dubai among the wealthy class around the world.
Here’s why Dubai has become a preferred hub for HNWIs.
1. Favorable Tax Framework
2. Political and Economic Stability
3. Global Connectivity
4. Cosmopolitan Appeal
5. Advanced Infrastructure
6. Business-Friendly Regulations
A Tax Regime Built for Global Investors
The UAE Ministry of Finance states that Dubai imposes a 9% corporate tax on taxable income that exceeds AED 375,000. Below this threshold, no tax is levied. Naturally, this business regime appeals to investors, which attracts HNWIs looking to optimize wealth management strategies.
A Secure Ecosystem for Family Offices - DIFC
The Dubai International Financial Centre (DIFC) establishes a clear regulatory environment for global investors. The norms have been established on the basis of the English common law. This framework fosters trust and transparency for international investors.
The DIFC Family Wealth Centre offers comprehensive support to help HNWIs preserve wealth. These include:
- Personalized advisory services
- Tailored structuring solutions
- Global networking opportunities
- Succession planning and governance
This structured regulatory environment ensures that family offices can operate with clarity and confidence. With professional advisory services, setting up a family office in DIFC takes little time.
Expanding Tax Treaty Network
Professional Advisory Services for Expanding Family Offices in Dubai
For HNWIs looking to set up a family office in Dubai, the process has been significantly streamlined in recent years. Moreover, a step-by-step guidance and documentation process has been mentioned in the official website of the DIFC.
HNWIs have been consulting experienced professionals like the IMC Group for advisory solutions regarding the expansion of family offices in Dubai. With experts on the side, the process of establishing a family office gets streamlined as high net worth individuals explore lucrative avenues to grow their wealth.
