Single Family Office Business Setup in Dubai

ADGM is becoming an ideal platform for companies that are looking to startup or expand to the UAE and GCC. With the new license services and the Professional Support Programme, entrepreneurs will be able to influence top-tier ecosystems of investors, private equity firms, seek partnerships to operate and maximize their business.

The key attraction of ADGM is SPV (Special Purpose Vehicle). SPVs are corporate vehicles, typically private companies, established for the purpose of isolating financial and legal risk by ring-fencing assets and liabilities. SPVs can be established as subsidiaries, project or joint venture vehicles to ensure that only those assets related to a transaction are exposed to the liabilities associated with that transaction. As the key feature of an SPV is its separate legal personality, claims by the SPV’s creditors cannot attach to the assets of the SPV’s shareholders or any of its sister companies.

7011: SFO BUSINESS ACTIVITIES

Includes offices founded by family members for the provision of services to the same single family; such services include wealth management, concierge work, day to day accounting and management of legal affairs, corporate governance issues and all the administration and office affairs. Such firms are not allowed to offer any of the above mentioned services to any third party other than the family's own members, entities, businesses, trusts or foundations.

7015: PROPRIETARY ASSET MANAGEMENT

Include trust and fiduciary services, investment management, retirement planning, corporate trust administration, custody, safekeeping, securities lending services, security-holder and transfer agent services, and retail sales of nondeposit investment products.

7020: MANAGEMENT CONSULTANCY

Includes providing administrative consultancies and studies to organisations to help them improve their performance, through the analysis of existing organisational problems and the development of plans for improvement., it involves procedural engineering, laying out flow-charts and related documents circulation, internal policy formulation, organisational restructuring, strategic plans development, innovating work procedures, designing balanced scorecards, such firms are not allowed to conduct field surveys and questionnaire before getting approval from the competent authority, the minimal qualifications required is Bachelor degree in Business Administration, Economics or related discipline, along with three years hands-on experience.

The provision of advice, guidance and operational assistance to businesses and other organisations on management issues, such as strategic and organisational planning; decision areas that are financial in nature; marketing objectives and policies; human resource policies, practices and planning; production scheduling and control planning. This provision of business services may include advice, guidance or- o