The past two years were marked for UAE legislation by great changes: starting from the first ever implementation of foundations regime in the MENA region by Abu Dhabi Global Market (hereinafter - “ADGM”) in 2017 following the adoption of the same by Dubai International Financial Centre (hereinafter – “DIFC”) in 2018.

Due to these series of events, we are happy to share with you our latest publication where we highlight the foundations regime introduced in the UAE.

This article will touch upon another attracting structures for families and businesses looking for any type of legacy planning, private wealth management, assets protection, and tax optimization options.

UAE foundations were launched as result of a comprehensive review of the best practices of both common-law and civil-law jurisdictions, (i.e. Liechtenstein, Jersey, Guernsey and the Netherlands) also including other features that are found to be unique.