Private wealth solutions for families in the United Arab Emirates ("UAE") have been revolutionised in the past two years by foundation laws in the Dubai International Financial Centre and the Abu Dhabi Global Market. The new regimes, based on the civil law concept of foundations, mean families in the region can avail of local professional structures for the ownership of assets such as real estate or business interests and the management of their succession plans, in line with the best practices in leading financial centres around the world.
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