MS Corporate Services

  Rethinking Foundations in DIFC: What Ministerial Decision No. 261 of 2024 Means for Legacy Structures in the UAE The UAE’s evolving tax and regulatory environment continues to open new doors for structured wealth planning. The introduction of Ministerial Decision №261 of 2024 is one such landmark update — offering a fresh pathway for tax transparency and operational efficiency through Unincorporated Partnerships . For families with existing private structures, particularly those considering foundation setup in DIFC , this shift offers both opportunity and responsibility. The Unincorporated Partnership regime introduces a unique blend of pass-through taxation and simplified structuring. Yet, for it to be truly effective, family offices and private wealth managers must understand its implications from legal, tax, and legacy perspectives. What Are Unincorporated Partnerships in the UAE? Unincorporated Partnerships (UPs) are contractual arrangements between two or more par...

In recent years, Dubai has emerged as a leading hub for private wealth , drawing ultra-high-net-worth (UHNW) families from Europe, Asia, Africa, and beyond. With its strategic location, investor-friendly policies, and future-forward infrastructure, Dubai is no longer just a safe haven for capital — it’s a launchpad for legacy. Among its most sought-after jurisdictions, the Dubai International Financial Centre (DIFC) stands out as a preferred destination for sophisticated wealth management and succession planning. Let’s explore why the momentum behind family office setup in DIFC and family office formation in Dubai is accelerating — and why global wealth managers are making the move. 1. DIFC: A Regulated and Global-Standard Ecosystem When it comes to family office formation in DIFC , the appeal lies in its internationally aligned regulatory environment. DIFC offers a robust legal and governance framework under English Common Law, providing family offices with the credibility, transp...