Insights
Keep up to date with the latest developments surrounding wealth structuring
July 24, 2024
Understanding Special Purpose Vehicles (SPVs) in Dubai
A Special Purpose Vehicle (SPV) is a legal entity established for specific purposes such as isolating financial risk, raising capital, or holding assets. SPVs are used by private clients, corporations, and investment funds to protect assets, achieve tax efficiency, or facilitate estate planning. They serve various roles including creating holding companies, participating in syndicate deals, structuring family offices, and issuing securities. One of the best options for setting up an SPV in Dubai is the DIFC Prescribed Company, offering numerous benefits such as low setup costs, tax advantages, and privacy protection.
July 15, 2024
New 2024 DIFC Prescribed Company Regulations
The DIFC has introduced new regulations for Prescribed Companies, effective from July 15, 2024. The new regulations expand the eligibility criteria and the range of purposes for which Prescribed Companies can be used, making them more accessible and flexible for businesses and investors. The DIFC Prescribed Company offers many benefits, such as low costs, tax advantages, privacy protection, and legal certainty. Learn more about how a DIFC Prescribed Company can help you achieve your wealth management and asset holding objectives in this article.
July 3, 2024
Why clients are looking to relocate to Dubai and explore UAE visa options
Many high-net-worth individuals are considering relocating to Dubai due to favorable tax conditions, a thriving economy, and a high standard of living. Dubai offers 0% personal and low corporate taxes, high-quality education and healthcare, attractive real estate opportunities, and a familiar environment for British expats. Various Dubai visa options are available, including company ownership, property investment, and the prestigious Golden Visa, making relocation accessible for affluent individuals. Cavenwell assists clients with all aspects of the move, from company setup to wealth structuring and relocation services.
June 25, 2024
Private Client Guide to the DIFC Foundation
Learn how the Dubai International Finance Centre (DIFC) Foundation can help protect your wealth and ensure smooth succession planning with Cavenwell Group's expert guidance.
June 12, 2024
Establishing a Single Family Office in Dubai
Discover the advantages of establishing a Single Family Office in Dubai. Explore options in DIFC, DWTC, and DMCC, and learn how Cavenwell can assist with wealth management in the UAE. For clients seeking to establish a Single Family Office in Dubai, the options provided by DIFC, DWTC, and DMCC offer flexibility and strategic advantages. Cavenwell is well-positioned to assist in navigating these opportunities, ensuring that your family's wealth management needs are met with the highest standards of expertise and service.
October 25, 2023
Satisfying Economic Substance Requirements for UAE Freezone persons
The enactment of the Federal Decree-Law No. 47 of 2022 has marked a significant shift in the UAE's corporate tax landscape. At the heart of this law lies the designation of “Qualifying Free Zone Persons” (QFZPs), which subjects entities to a 0% tax rate on “Qualifying Income”, while a 9% tax rate is applied to other income. To be categorised as a QFZP, entities are required to meet several conditions, one of which is maintaining adequate economic substance in the UAE.
October 25, 2023
Navigating Crypto Business Banking: A Guide to Bank Account Opening
The downfall of Silvergate and Signature Bank, previously pivotal players in crypto business banking, has further complicated the already intricate path towards bank account opening for crypto businesses. Amidst this backdrop, ensuring a smooth process in crypto business bank account opening requires a blend of strategic insights and expert intervention.
October 25, 2023
Fundraising in the UAE: The SAFE route for corporate structure
The allure of the United Arab Emirates (UAE) as a fertile ground for investments has grown significantly in recent times, especially against a backdrop of economic turmoil in many western markets. The nation’s robust economy, coupled with a burgeoning innovation and startup ecosystem, makes it a compelling destination for entrepreneurs and investors alike. A notable part of this appeal rests on the UAE's forward-thinking legal frameworks that accommodate modern fundraising instruments, one of which is the Simple Agreement for Future Equity (SAFE).
April 12, 2023
The Comprehensive Guide to UAE Freezones: International Free Zone Authority (IFZA)
The International Free Zone Authority (IFZA) is a rapidly growing Dubai Freezone that offers a strategic location, a comprehensive range of business activities, and competitive pricing. With its streamlined processes and customer-centric approach, IFZA is an attractive choice for entrepreneurs and investors looking to establish their businesses in the UAE.
April 5, 2023
Navigating the UAE Freezone Landscape: A Comprehensive Guide to Choosing the Right Freezone for Your Business
The United Arab Emirates (UAE) is renowned for its strategic location and business-friendly environment, making it an attractive destination for entrepreneurs and investors worldwide. One of the unique offerings of the UAE is its numerous Freezones – specialized economic zones designed to foster growth and attract international businesses.
March 22, 2023
Discover the Exciting World of the DIFC Innovation License: A Gateway to the Future of Finance
The Dubai International Finance Centre (DIFC) is a world-renowned financial hub that caters to businesses and individuals alike. Established in 2004, the DIFC has continually evolved, introducing new initiatives and regulations to foster innovation and growth in the financial sector. One such innovation is the DIFC Innovation License, a unique offering designed to attract startups and entrepreneurs in the finance sector.
February 1, 2023
Owning Dubai Property Through a Holding Company
As Dubai continues to grow and develop, the real estate market has seen a flurry of activity and a boom that is expected to continue throughout 2023. With the influx of new residents, businesses, and tourists, the demand for property is expected to rise. Additionally, the government has put in place various incentives and development plans that are expected to further stimulate the market. We often receive enquiries from clients asking if a company can buy property in dubai and how they can set up a property holding company for their Dubai real estate investments.