Dubai is one of the most popular modern jurisdictions. This is due to a number of reasons, not least its extremely attractive tax regime, but also its reputable image and its focus on providing fiduciary services tailored to meet modern international requirements.
In August of last year a media release confirmed the establishment of a Dubai International Finance Centre (DIFC) Wealth Management Working Group in order to produce an updated wealth management strategy further confirming their commitment to remain at the forefront of international finance by acknowledging its constantly adapting environment and the need for constant reform to meet present day needs.
The group consists of both leading global and local professionals in the industry as well as representatives from DIFC bodies. The consultation process is expected to be extensive in order to further enhance the jurisdictions already reputable position globally.