Dubai, renowned for its robust economy and investor-friendly policies, has emerged as a top choice for establishing family offices. At Legit Consultants, we leverage our extensive experience and local insights to guide clients through the intricacies of initiating a family office in Dubai. Recognizing that each family office is a unique entity with its distinct goals, challenges, and aspirations, we offer tailor-made services to cater to the specific needs of every client.

In Dubai, there are two primary types of family office setups:

1. Single Family Office:

This configuration centralizes operations for managing family assets and business interests. Governance responsibilities, decision-making authority, and administrative duties are retained within the family’s framework. Legit Consultants excels in setting up single-family offices that are finely attuned to the diverse and individual needs of each family.

2. Multiple Family Office:

These are larger family offices that serve multiple families in asset management. Our services encompass tax and estate planning, risk management, administrative support, lifestyle management, investment counsel, coordination of professional services, and oversight of charitable foundations. Legit Consultants’ expertise in establishing multiple family offices ensures a robust framework that caters to the diverse tax and lifestyle requirements of affluent families.

Succession Planning:

   – Vital to family office setup, succession planning ensures seamless transitions and mitigates ownership disputes. We assist family business owners in crafting effective succession plans, employing strategies such as buy-sell agreements, offshore foundations or trusts, family-held partnerships, private annuities, management acquisitions, direct sales, or gifts.

   – Unplanned transitions, especially those arising from unforeseen events like death, can be disruptive to your business and family. Our business continuation planning focuses on ensuring a smooth transition between you and the future owner of your business.

Asset Management:

   – Additionally, Legit Consultants offers comprehensive asset management services aimed at growing and safeguarding your wealth. We grant access to a broad spectrum of investment opportunities spanning equities, bonds, real estate, and alternative investments. Our team of investment professionals adheres to a disciplined approach to investment management, aligning long-term strategies with your risk tolerance and financial objectives. Our asset management solutions encompass investment management, financial planning, and risk management.

At Legit Consultants, we are committed to facilitating your family office’s success in Dubai, ensuring it serves as a strategic hub for managing your wealth, assets, and future endeavors.