FOUNDATIONS
We think the 'foundation' is an underestimated tool for wealth protection and wealth creation.
What is the advantage of a foundation?
Foundations in the UAE have a near perfect mix between on the one hand behaving like a corporation, on the other hand operating tax free and in a separated jurisdiction. Instead of starting a company in the United Arab Emirates, many clients are actually better served with a foundation. Since this is an offshore entity, clients assume it will be extremely expensive or that it is "Not for them", Or even worse illegal. We like to challenge those assumptions. For wealth protection, building and leaving a legacy, a foundation tends to be an excellent vehicle.
What does it costs?
It's not possible to give an answer to this question right away, but generally: it's a lot of work, also on our side, so the costs will be more than 60.000 AED but rarely exceed 80.000 AED. Before you claim that this is 'expensive', calculate your benefits. Expensive are things and services you don't use. Your foundation is probably working for you day and night, and saving you Big on taxes.
Do I need an office?
Yes, but....we can cater that for you.
Who do I need to contact for more information?
This is best done via Mr. Paul Harts M.sc. You can find his contact details via 'Get in touch'.