Family offices, UAE and UK
Best Family Office Services: questions and answers
How much money do you need for a family office in the UAE?
In ADGM, family net assets of at least USD 10 million. Under the DIFC Family Arrangements Regulations, at least USD 50 million.
Does a single family office need a licence in the UAE?
Not a financial services licence, as long as it serves one family. In ADGM it registers a controlled activity; in the DIFC it is exempt from DFSA regulation.
What does it cost to set up a family office in ADGM?
ADGM lists an incorporation fee of USD 5,600 and an annual renewal fee of USD 5,300 for a single family office. Legal and structuring fees are extra.
What is the difference between a single and a multi-family office?
A single family office serves one family. A multi-family office serves several and needs a financial services licence.
Do family offices pay tax in the UAE?
UAE corporate tax is 9% above AED 375,000 of profit. Some free zone income can be taxed at 0% if strict conditions are met.
Can I set up a family office in the UK?
Yes. There is no special licence. A single family office usually runs as a private company, and FCA authorisation may be needed if it serves people outside the family.
Do I need a lawyer?
For a simple ADGM office you can apply direct. Most families still use a lawyer for the trust or foundation, tax and succession planning around it.