Below are the highlights of the webinar:
There is no one-size-fits-all approach when choosing between a single structure or two separate structures for GCC and international assets. Dual structures remain best practice for high-net-worth families, with international assets commonly placed in offshore trusts or foundations, and regional assets held through local foundations, particularly in the Dubai International Financial Centre (DIFC) or the Abu Dhabi Global Market (ADGM).
Clients must consider both legal and tax implications when deciding what to place in each structure. Tax treatment in jurisdictions like the US or Europe, especially for real estate, can significantly affect the viability of transferring assets into offshore entities. The recognition of these structures also varies by country.
UAE foundations are increasingly favored for structuring regional assets due to their flexibility and recognition across the GCC. In jurisdictions with foreign ownership restrictions, these foundations may hold assets indirectly through entities such as ADGM companies, offering a compliant solution.
The choice between one or more structures should follow a careful cost-benefit analysis. While multiple structures can enhance asset protection and succession planning, they may not always justify the added complexity. The right approach often depends on asset distribution and the client’s risk appetite.
Regardless of the chosen structure, clients should always seek independent legal and tax advice to ensure suitability and compliance. This helps avoid costly tax consequences and ensures that the structure effectively meets the family’s long-term objectives.
Watch the full webinar for deeper insights into how to structure your regional and international assets.