TME Services

Dubai and the Rise of Private Wealth

Author: Uwe Hohmann
Chief Executive Officer

Dubai is receiving growing global attention as a destination for private wealth. The latest report from the DIFC (Dubai International Financial Centre ) shows how private markets and family offices are shaping the future of finance. But beyond the headlines, what does this actually mean if you are considering structuring your wealth or setting up operations in Dubai?

The opportunity behind the numbers

Private wealth has grown to USD 471 trillion worldwide, with a significant intergenerational transfer of USD 124 trillion expected over the next two decades. Much of this capital is looking for stable, tax-efficient, and well-regulated jurisdictions. Dubai’s location and regulatory framework make it one of the most attractive choices.

Opportunities for businesses and individuals

The rise of private wealth in Dubai is not limited to large family offices or institutional investors. Entrepreneurs, professionals, and business owners are also benefiting from the city’s position as a financial center. For many, setting up a company in Dubai offers a means to secure long-term residency, manage wealth efficiently, and access one of the world’s fastest-growing business environments.

We often see clients use Dubai structures to hold regional investments, expand trading activities, or gain more flexibility in managing personal and family wealth.

Where to set up: free zone and mainland options

The choice of where to set up a business in Dubai is highly personalised. It depends on your long-term objectives, the type of assets you have, tax considerations, visa requirements, and budget. What we often see with clients is that the decision is rarely one-size-fits-all – it requires balancing flexibility, cost efficiency, and regulatory needs.

Common options include:

IFZA: Popular for its cost-effective setup, wide range of license activities, and straightforward processes, often used by entrepreneurs and smaller family offices.

DMCC: A flexible choice for holding companies and commodity-related businesses, with strong global trade connectivity.

DIFC: Best suited for wealth and asset management, regulated financial services, and family offices that need to operate in line with international standards.

DET Mainland: Offers full access to the UAE market and greater operational flexibility.

Besides these, there are numerous free zones in Dubai and throughout the UAE, where we help our clients set up their businesses. Each option has different licensing requirements, capital thresholds, and compliance obligations. The right choice depends on your personal goals and the structure that best suits your business.

Key considerations when setting up a business in Dubai
  1. Company structure – Decide whether to establish a free zone company or a local LLC.
  2. Tax and compliance – Understand how UAE CIT (Corporate Income Tax) applies and how double tax treaties may benefit your business.
  3. Residency and visas – Securing the residence visa, or applying for a Golden Visa, can provide long-term stability for you and your family members.
Comprehensive UAE Business Solutions

Managing Dubai’s regulatory landscape requires experienced guidance. TME Services brings nearly 20 years of expertise in helping international business establish their presence in the UAE.

Our comprehensive services are designed to support you every step of your business journey in the UAE:

  1. Company Formation: We guide you through all aspects of setting up your company, whether in a free zone or on the mainland, ensuring you choose the best option for your business.
  2. Visa and Emirates ID Services: We streamline the process of securing visas and Emirates IDs for you and your employees, allowing you to focus on your business operations.
  3. Accounting: Our team ensures your business stays compliant with local financial regulations, which is crucial for maintaining good standing in Dubai’s business community.
  4. Tax: We help manage Dubai’s tax environment, ensuring your business remains compliant while optimizing your tax position.
  5. Business Consulting: Leveraging our deep understanding of Dubai’s market, we provide valuable insights and help you develop effective strategies to succeed.

Visit our services page to learn more about everything we do.

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