The DMCC, the authority for the DMCC free zone, has introduced a new licence structure for single-family offices.
The new changes in licensing will allow families to consolidate and transfer wealth across generations through new services.
Krysta Fox, director of the free zone, said: “There is a growing appetite for structuring assets through the family business model, hence we are providing our members with the opportunity to open single family businesses in the DMCC Free Zone”.
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