New licence deal for family offices in Dubai

The Dubai Multi Commodities Centre, the authority for the Jumeirah Lakes Towers free zone, has introduced a new licence structure for single-family offices.

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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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