Steps to Start your Business in DIFC Foundations

Are you considering setting up a foundation in the Dubai International Financial Centre (DIFC)? If so, you are on the right track to take advantage of a wide range of benefits that come with this decision. In this article, we will explore the multiple advantages of setting up DIFC foundations, a leading financial hub in the Middle East.

What are DIFC Foundations?

DIFC Foundations are legal entities established under the DIFC Foundations Law, which was approved in 2018. These structures are designed to offer a flexible and efficient way for individuals and businesses to manage their wealth, hold assets, and protect their interests within the DIFC jurisdiction. They are governed by the DIFC Foundations Law, which provides a clear regulatory framework seo expert in dubai for their establishment and operation within the DIFC jurisdiction. Unlike traditional trusts, DIFC Foundations offer unique features that make them attractive for asset protection and succession planning purposes.

Advantages of Setting up a DIFC Foundations

There are several benefits to setting up a DIFC Foundation. Some of the key advantages include:

1. Asset protection: Assets held within a DIFC Foundation are legally separate from the Founder’s assets, providing a high level of protection in the event of bankruptcy or legal disputes.

2. Tax efficiency: DIFC Foundations are not subject to any taxes in the DIFC, making them a highly tax-efficient seo freelancer in dubai option for investors.

3. Succession planning: DIFC Foundations allow for the seamless transfer of assets to future generations, ensuring that your wealth is preserved for the long term.

4. Privacy: DIFC Foundations offer a high level of confidentiality, as the details of the Foundation’s activities and beneficiaries are not made public.