The Dubai International Financial Centre (DIFC) has recently published its new family plan guidelines. The new guidelines represent a significant expansion of the DIFC’s policies on corporate governance. The introduction of these guidelines could bring about considerable changes in the way family wealth and resources are managed within DIFC.
Prior to the introduction of these guidelines, management of family wealth within DIFC largely depended on individual family’s plans and strategies. With the introduction of the DIFC’s new rules, the process for managing family wealth will no doubt become more organized and more consistent.
This new, more structured approach to family wealth management is seen as a crucial improvement for Dubai’s growing financial scene. For more detailed information on the DIFC’s new guidelines, please read the full article available at Law.com.