Dubai’s DIFC enacts new regulations for family-owned businesses, UHNWIs

Dubai International Financial Centre has enacted the DIFC Family Arrangements Regulations, following a 30-day public consultation period. Bolstering the new DIFC Family Wealth Centre, the regulations have set a framework and hub for global and regional family-owned businesses, ultra-high-net-worth individuals (UHNWIs) and private wealth. Jacques Visser, chief legal officer at…