This article explores the benefits of setting up a RAK Foundation. Ras Al Khaimah, the northernmost emirate in the United Arab Emirates (UAE), is emerging as a distinctive hub for business and philanthropic activity. Offering a robust economic and legal framework, it presents an attractive proposition...
Setting up a Foundation in the UAE can be complex and requires careful planning and attention to detail. A foundation in the UAE is a type of legal entity that is gaining a lot of attention recently. It is separate from its founders and operates under...
This article compares two mechanisms for managing wealth in the UAE: Trusts and Foundations. UAE Trust Trusts can be compared to a deposit box for a person's assets. Trusts can be integral to wealthy families' asset protection, wealth management, and succession planning strategies. They can also provide...
Understand the concept of the UAE Foundation A foundation is an autonomous legal entity that is separate from its founder. The foundation consists of council members and the founder. The foundation's founder allocates assets to the foundation, which are treated as separate from those belonging solely...