This article has been researched and written by Thomas McNelliey and the team at Creation Business Consultants. AI has not been used in generating this article.
INTRODUCTION: SEIZING OPPORTUNITIES IN THE UAE
The United Arab Emirates (UAE) has positioned itself as a global center for wealth management and business pursuits, drawing the attention of individuals and corporations seeking conducive environments for financial ventures. The Wealth Management market is poised to hit USD $269.80 billion by 2024, with Financial Advisory dominating at USD $250.90 billion.
The assets under Management are expected to grow at an annual growth rate (CAGR 2024-2027) of 9.90%, resulting in a market volume of USD $358.10 billion by 2027. (Source Statistica)
In this article, we dive into the intricacies of selecting the right jurisdiction within the UAE for overseeing wealth through trusts, foundations, or special purpose vehicle (SPV) companies. We aim to empower readers with insights into the legal landscape, regulatory frameworks, and practical considerations associated with each alternative, facilitating informed decision-making.