ARTICLE
19 March 2025

Family Office Services – The Logical Choice For Family Offices (2025 Update)

SP
Squire Patton Boggs

Contributor

We provide clients with unique insight at the point where law, business and government meet, giving them a voice, supporting their ambitions and achieving successful outcomes. We have grown to become one of the world’s strongest law firms through a unique mix of organic growth to match our clients’ needs, plus astute combinations to bring additional local insight, skills and opportunities.

Today, we have a global team of more than 2,600, including more than 1,500 partners and lawyers.

It has increasingly become an attractive destination for the privately wealthy – for instance, Dubai is home to 120 of the world's wealthiest families and individuals with a combined net worth.
United Arab Emirates Family and Matrimonial

The UAE is home to many ultra-wealthy families and family-owned businesses.

It has increasingly become an attractive destination for the privately wealthy – for instance, Dubai is home to 120 of the world's wealthiest families and individuals with a combined net worth exceeding US$1 trillion (AED3.67 trillion), in addition to being home to 72,500 high net worth individuals1 (HNWIs). In September 2022, the UAE launched a programme that aims to double family-owned businesses' contribution to the nation's gross domestic product to US$320 billion by 2032 and help them become more innovative and adopt new technologies.

In no small part due to its two financial free zones, the Dubai International Financial Centre (DIFC) and the Abu Dhabi Global Market (ADGM), the UAE has built a regulatory framework and infrastructure to help support the growth and needs of HNWIs, as well as family offices and should be viewed worldwide as a stable option for family office planning.

This article provides an overview of the UAE legal landscape for family offices and highlights recent market changes that will, in our view, continue to enhance the attractiveness of the UAE as a destination for family offices when compared to some of the more traditional offshore centres.

Footnote

1 https://www.albawaba.com/business/dubais-120-richest-families-and-individuals-1-trillion-wealth-1563792

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More