DIFC Family Wealth Centre
DIFC Family Wealth Centre
The DIFC Family Wealth Centre (DFWC) is a network of approved and accredited private wealth and family businesses.
As a strategic partner for affluent families who have big ambitions and a global outlook, the DFWC offer premium, personalized services designed to help family businesses thrive over the long term. Whether it’s preserving their legacy or expanding their reach across borders, the DFWC is there every step of the way, providing the support and guidance needed for success.
They possess a wealth of various asset management companies and fund managers, regarded as some of the best in the world for their legal and regulatory framework. Backed by the DIFC, the Family Wealth Centre provides support for family business, family offices, as well as UHNWIs.
To be accredited by the DFWC means a mark of approval from a trusted, regulated network and can prove indispensable when marketing your services to prospective clients. If you are looking to receive accreditation from the DFWC, there are a number of requirements to meet:
Accreditation Categories: The DFWC offers accreditation in categories like Governance & Succession Planning, ESG Advisers, Sharia Compliance, and Independent Experts.
Professional Criteria: Applicants must be in good standing with their professional bodies, have no ethical violations, and possess relevant experience in their field.
Application Process: Applications are submitted through the DFWC portal, accompanied by documents proving compliance with the accreditation requirements.
Assessment & Fees: The DFWC conducts assessments to verify applicants meet all criteria.
Fees for application and annual renewal vary based on the category and type of applicant (firm or individual).
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Monarch Solicitors are approved part 1 and 2 practitioners within the DIFC and can help you in your application to the DFWC. Our committed team stands ready to offer the guidance and assistance necessary to meet your legal requirements efficiently. Book a consultation today to delve into your case and discover how we can help you accomplish your goals.
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FAQ
The DIFC Family Wealth Centre is a specialised facility designed to cater to the needs of family businesses and high-net-worth individuals looking to manage, preserve, and enhance their wealth. The Centre provides a range of services including wealth management, estate planning, succession planning, and family governance structures. It also offers tailored legal and financial advice to ensure that assets are protected and efficiently passed on to future generations, leveraging the DIFC’s favourable regulatory and tax environment.
Succession planning is a critical service offered by the DIFC Family Wealth Centre, ensuring that family wealth is preserved and transitioned according to the wishes of the family with minimal legal hurdles or tax implications. The Centre helps families establish robust legal structures, such as trusts and foundations, which are recognised and supported by the DIFC’s unique legal framework. These structures can be customised to suit specific family circumstances and objectives, providing clarity and security for wealth transfer across generations.
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